Wednesday, December 19, 2012

Didn’t someone say London was getting expensive?

BoE to pay new chief more than $1,000 a day for housing

"The payments to the former Goldman Sachs investment banker will be well above what current Bank governor Mervyn King receives - a salary of 305,000 pounds and a generous pension". B B B But the little girl next door could "leave rates unchanged" and "introduce more QE". ~ what a joke!!

Posted by alan @ 04:59 PM (1979 views)
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8 thoughts on “Didn’t someone say London was getting expensive?

  • So they are paying him £150k per year because property prices are falling and he will not be able to make money like other government officials did over the past 30 years. At least this is transparent.

    At a million a year total package is he the highest paid official in the UK? If so then why does he get paid this much to write a letter each month?

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  • He should know what the inflation he will cause will do to his own bottom line. Smart chap.

    Shame the British people are so bloody stupid.

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  • I often hear the expression “if you pay peanuts you get monkeys” the reverse of which must be “if you pay top Dollar you get an ex Goldman Sachs official”

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  • ontheotherhand says:

    Furious. Furious that this was not part of the original compensation announcement and they are ‘managing the news’. Doesn’t it give them a hint though? That to attract talent (at least in their view) to London, you have to compensate over and above other capital cities because our property costs so much?

    Khards, I hope you are right and he is renting so he will be a bit more neutral about rising house prices, but I am not so sure ‘allowance’ means rent. Might he not be able to get a mega mortgage with that allowance?

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  • i could do a better job

    firstly interest rates would go up to 5%

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  • Mark. Had they raised interest rates when they should, 5%, held at that level for five years or so could have bought this under control, yet we needed 17% in 1992 to bring the 1980’s bubble to heel. No, we shall need something way north of 20% to re-balance the economy from debt fuelled consumer and householder spending towards more savings and productive industry.

    Unfortunately this government seem hell bent on, rather than re-balancing the economy, heading for a currency crisis.

    Under world government, all currencies are devaluing together, so the normal check’s and balances do not exist. There is no global market place for currencies, so it is a race to the bottom.

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  • And of course, the major re-balancing which higher interest rates would allow is a collapse in government debt and spending, towards more private sector. That is the principle reason why they will continue to kick the can down the road. Government you see, have a conflict of interest.

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  • lib the government even want to ban porn on the web now, so we will all become subservient debt and tax slaves with no life

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