Thursday, July 4, 2013

Mr Carney goes to London...

What is the first thing he does?

He says interest rates are too high and the pound is too high too.

Result the pound takes a good tumble and stocks rise over 2%. This ladies and gentlemen is the new Central Banker....not our parents' central bankers who believed in regulating and controlling the more greedy and speculative drives in humans.

These new men (they are all men) want speculation. They want bubbles to be blown up. 

They have one eye on the stock market when they make their announcements and if the gamblers there aren't happy, they quickly shift policy.

No doubt he will will be lauded for his immediate effect on increasing risk appetite, but I would say that Central bankers of Mr Carney's ilk are no longer necessary, just replace them with an 8 year who has a free lemonade stand. They don't seem to realise that all this free stuff will cause indigestion later.

7 comments:

  1. They should call him lord idiot

    ReplyDelete
  2. re; lord idiot.
    Are you kidding me.This guy has been a success in every position he has held in his career.This is the new world order for the way these new bankers operate. Fish you are correct in your analysis of whats happening in the banking world but really he doesnt have much to work with. He did a great job at the BOC.Time will tell on wether his policies were a success but as of right now this "idiot"is the best we have out there.So good luck Mr C
    and keep up the great work Fish.

    ReplyDelete
    Replies
    1. These Bankers are the ones that drove up the national/household debts and almost collapse many countries by catering to their buddies on Wall and Bay Street. Heaven help us.

      Delete

  3. 444 new
    213 price change
    234 sold

    2615 detached
    9132 attached

    ReplyDelete
  4. 436 new
    211 price change
    187 sold

    7649 detached
    9168 attached

    ReplyDelete
    Replies
    1. Anything under 50% list/sake is sweet

      Delete
  5. 25% or under would be better

    ReplyDelete