Originally posted by original PM
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DUP supports EEA
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…Maybe we ain’t that young anymore -
Originally posted by WTFH View PostWhat are the facts that he should be forecasting? Is it that the value of unicorn poo will go up?Comment
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Originally posted by original PM View PostSo Mr Carney can you tell us what the impact of Brexit will be?
He has modelled various scenarios, including an extreme one where house prices drop significantly, people lose jobs, and the tax take from the economy is reduced. This is valid stress test modelling to ensure our banking systems can cope in extreme conditions, no matter how likely.
Go and take your anger out on the media reporting it, not the civil servant just doing his job.Comment
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Originally posted by Yorkie62 View PostReally??!!! On the basis of your fiscal advice and assessment of the immediate future financial markets I think I'll move my pension out of Rockhorse Sh*t and into Unicorn Poo.I am what I drink, and I'm a bitter manComment
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Originally posted by Yorkie62 View PostReally??!!! On the basis of your fiscal advice and assessment of the immediate future financial markets I think I'll move my pension out of Rockhorse Sh*t and into Unicorn Poo.
If you're wanting smart investment, watch what Jacob Rees Mogg does. Follow his money and you'll be laughing.…Maybe we ain’t that young anymoreComment
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Originally posted by meridian View PostAnd that's exactly where you are going wrong. It is not his job to tell you what the impact of Brexit might be. His job is to model scenarios to understand if, in a worse-than-worst case scenario, the banks can survive.
He has modelled various scenarios, including an extreme one where house prices drop significantly, people lose jobs, and the tax take from the economy is reduced. This is valid stress test modelling to ensure our banking systems can cope in extreme conditions, no matter how likely.
Go and take your anger out on the media reporting it, not the civil servant just doing his job.Originally posted by Whorty View PostReally, you are a dimwit .... it's not all about poo you know?!? You need to diversify. Get into dragons teeth, or griffin feathers. Brexit brings all these possibilities to believers
I understand he needs to model things - but he needs to be very clear that these are exactly that - models and scenarios.
And yes it is probably the fault of the media for misrepresenting what he says - but then he has a duty to ensure the media is corrected.Comment
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Originally posted by original PM View PostWell if he does not have the answers maybe he needs to shut the **** up and stop making out that he does.
I understand he needs to model things - but he needs to be very clear that these are exactly that - models and scenarios.
And yes it is probably the fault of the media for misrepresenting what he says - but then he has a duty to ensure the media is corrected.Comment
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Originally posted by meridian View PostHe did not make out that he had any answers. He modelled scenarios for stress testing, and the only answers that he gave were good ones - that the UK banks are sufficiently stressed to withstand even the severest model.
He was. Read his report.
He did. Read his quote to Reuters.
The Mail does not do positive headlines or positive opinion pieces, they are all negative, instilling and reinforcing a negative outlook on their readers, and making sure that negative outlook is aimed squarely at anyone who says anything scientific, against Trump, or implying that right wing politics are not perfect.…Maybe we ain’t that young anymoreComment
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Originally posted by original PM View PostWell if he does not have the answers maybe he needs to shut the **** up and stop making out that he does.
I understand he needs to model things - but he needs to be very clear that these are exactly that - models and scenarios.
And yes it is probably the fault of the media for misrepresenting what he says - but then he has a duty to ensure the media is corrected.
The fact (oooh the irony, you like facts!) that you don't like that he does that, and the results of his modelling don't give the possible scenarios you want to see, is your problem not his. Try doing some background reading on modelling and analysis techniques, then you can start to understand what he is doing and why and you might sleep better at night.I am what I drink, and I'm a bitter manComment
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Originally posted by WTFH View PostBut the Daily Mail didn't run that bit. They like to be selective so as to spread fear, uncertainty and doubt, which is what their readers want.
The Mail does not do positive headlines or positive opinion pieces, they are all negative, instilling and reinforcing a negative outlook on their readers, and making sure that negative outlook is aimed squarely at anyone who says anything scientific, against Trump, or implying that right wing politics are not perfect.
The DM sells fear to those scared of their own shadow.I am what I drink, and I'm a bitter manComment
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