Tuesday, November 25, 2014
George Clooney look-alike
BoE will raise interest rates despite euro gloom, says Mark Carney
Carney needs an academy award for acting. In 2009, Cooney was included in Time's annual Time 100 as one of the "Most Influential People in the World." Alas, Mark Carney can't seem to make up his mind what's what. The Guardian recently advised him to say as little as possible to avoid more confusion - but he's not happy with a walk on part. To help him, Google has reminded us that stocks of Ouija Boards are all but depleted in advance of Black Friday. Maybe the MPC are still trying to find another way forward?
Posted by alan @ 06:51 PM (5026 views)
6 thoughts on “George Clooney look-alike”
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hpwatcher says:
Does anyone still listen to this fool?
khards says:
Nope, they know pinocchio is lying.
Now is has lost all credibility expect a big fanfare as he is replaced with another Goldman employee.
libertas says:
He would like rates to rise. No kidding BOE wants to charge more for lending out cash, duh?!?! Plus, rising rates are a sign of strength, normally, so of course he wants that.
His comments are pretty non-comital though, and I still expect a cut if oil continues to plunge and stays low, because prolonged oil beneath $80 will send deflationary shockwaves, possibly sending CPI negative or at least close.
khards says:
Another reason BOE would like rates to rise is that next time SHTF they can stimulate by cutting them.
If rates are zero forever then why do they need the MPC committee to meet every month and decide on a rate which will never change from zero?
Anyhow olde McCarnage isn;t in control of the rates, the global markets and FED is. BOW just dances to the tune they are piping.
Brickit says:
The problem now is no one believes him. They’ve been talking about rate rises for years and still no movement.
It’s now idle threats that no takes seriously.
However stranger things have happened!
libertas says:
Khards, BOE can always slash rates to negative territory. The market is slowly getting used to that.