New BOE Govenor Announced

[Martin@AS Financial]

Shock choice Mark Carney named as new Bank of England governor | News | Mortgage Strategy

Not an easy job to step into. One of the main challenges will be to unwind the quantitative easing programme which could potentally send inflation rocketing in years to come.

[Paddy]

Shock choice Mark Carney named as new Bank of England governor | News | Mortgage Strategy

Not an easy job to step into. One of the main challenges will be to unwind the quantitative easing programme which could potentally send inflation rocketing in years to come.

Since quantitative easing is not used to prop up the British economy but instead is used by banks to invest in China, India, Oil Gas and crops, I doubt if it will make any difference to the man on the Clapham omnibus (if he can still afford a bus ticket)

[BrilloPad]

He is not British. Maybe he will sell the last Gold to Canada cheaply?

[rootsnall]

Shock choice Mark Carney named as new Bank of England governor | News | Mortgage Strategy

Not an easy job to step into. One of the main challenges will be to unwind the quantitative easing programme which could potentally send inflation rocketing in years to come.

[Robinho]

The BoE is a pointless institution.

Seems their only tasks are to print money and mis-set the interest rates.

[Paddy]

Carney spent thirteen years with Goldman Sachs in its London, Tokyo, New York and Toronto offices. Ah, Goldman Sachs who cooked the books for Greece. Umm, Madoff ring a bell...

[sasguru]

Since quantitative easing is not used to prop up the British economy but instead is used by banks to invest in China, India, Oil Gas and crops, I doubt if it will make any difference to the man on the Clapham omnibus (if he can still afford a bus ticket)

He is not British. Maybe he will sell the last Gold to Canada cheaply?

The BoE is a pointless institution.

Seems their only tasks are to print money and mis-set the interest rates.

Carney spent thirteen years with Goldman Sachs in its London, Tokyo, New York and Toronto offices. Ah, Goldman Sachs who cooked the books for Greece. Umm, Madoff ring a bell...

Difficult to say which of the above comments is most cretinous.

[TykeMerc]

Difficult to say which of the above comments is most cretinous.

Yours, no debate.

[d000hg]

Difficult to say which of the above comments is most cretinous.

Take it as a challenge.

[mos]

Carney spent thirteen years with Goldman Sachs in its London, Tokyo, New York and Toronto offices. Ah, Goldman Sachs who cooked the books for Greece. Umm, Madoff ring a bell...

I agree. When he speaks I hear private equity guy plotting LBOs. I would much prefer to see Tucker as a front man. Not that it matters for the direction of the policy anyway.