Mark Carney: Irish citizen and the only adult in the room.

O

Oscurito

Mark Carney: Irish citizen & the only adult in the room.

Mark Carney has announced that he will stay on as Bank of England governor until June 2019. That gives the Brexiteers just enough time to get their act together and complete their withdrawal from the European Union while he remains to act as a stabilizing force.

It says something about his reputation (amongst those who are actually in the know about financial matters) that the merest hint that he might be going was enough to unsettle sterling and the markets. As it stands, he's doing the UK a huge favour. A lesser man would take one look at the chaos in the upper echelons of the London government over Brexit and decide that now would be a good time to go before the brown stuff hits the air coolant device.

Extraordinarily, some elements in the right-wing establishment and media clearly loathe him and have used every opportunity to attack him. He intervened very effectively in the days after the June 23rd vote to stabilize the UK economy and currency but they use that to claim that his honest warnings about the effects of leaving the EU were false. Such ingratitude is quite startling.

As it stands, he clearly has something that no other British politician has when it comes to dealing with Brexit. It's a little word beginning with the letter 'P'.

A Plan.

Bank of England governor Mark Carney to step down in 2019
 
Last edited:


PeaceGoalie

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Carney is not supposed to be a politician and this blow in gets annoyed at being challenged. He is not the Oracle of Delphi. All he does is play with interest rates and money supply for the interests he serves. A one way ticket to Canada is all he deserves.
If his bum has an Irish passport, so much the worse. What kind of Canuck is so mercenary that they opt for an Irish passport? Will the yob they have as Ambassador in Dublin do the same?
 

niall78

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Extraordinarily, some elements in the right-wing establishment and media clearly loathe him and have used every opportunity to attack him. He intervened very effectively in the days after the June 23rd vote to stabilize the UK economy and currency but they use that to claim that his honest warnings about the effects of leaving the EU were false. Such ingratitude is quite startling.
They were out spinning against him before he decided to say. Some of them government ministers and former PMs. Many commentators were complaining that the independence of the BoE was been threatened by such talk - a disaster for international business confidence in the UK.

They hate him as he's an 'expert'. Experts, experience and education are sunlight to the Brexit vampire.
 
O

Oscurito

Carney is not supposed to be a politician and this blow in gets annoyed at being challenged. He is not the Oracle of Delphi. All he does is play with interest rates and money supply for the interests he serves. A one way ticket to Canada is all he deserves.
He gave honest answers to questions.

Is that A Bad Thing now?
 

derryman

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Mark Carney has announced that he will stay on as Bank of England governor until June 2019. That gives the Brexiteers just enough time to get their act together and complete their withdrawal from the European Union while he remains to act as a stabilizing force.

It says something about his reputation (amongst those who are actually in the know about financial matters) that the merest hint that he might be going was enough to unsettle sterling and the markets. As it stands, he's doing the UK a huge favour. A lesser man would take one look at the chaos in the upper echelons of the London government over Brexit and decide that now would be a good time to go before the brown stuff hits the air coolant device.

Extraordinarily, some elements in the right-wing establishment and media clearly loathe him and have used every opportunity to attack him. He intervened very effectively in the days after the June 23rd vote to stabilize the UK economy and currency but they use that to claim that his honest warnings about the effects of leaving the EU were false. Such ingratitude is quite startling.

As it stands, he clearly has something that no other British politician has when it comes to dealing with Brexit. It's a little word beginning with the letter 'P'.

A Plan.

Bank of England governor Mark Carney to step down in 2019
Plan or principle?
 

niall78

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He gave honest answers to questions.

Is that A Bad Thing now?
On UK message boards now facts, figures, expert reports, economic reporting, experience and understanding are dismissed with rhetoric, sound-bites and slogans. A bit like here really. It's anti-intellectualism on a grand scale.
 

between the bridges

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Obviously the additional wages and pension scheme involved in seeing out a full term, has nothing to do with this principled stand...
 

Trainwreck

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Mark Carney has announced that he will stay on as Bank of England governor until June 2019. That gives the Brexiteers just enough time to get their act together and complete their withdrawal from the European Union while he remains to act as a stabilizing force.

It says something about his reputation (amongst those who are actually in the know about financial matters) that the merest hint that he might be going was enough to unsettle sterling and the markets. As it stands, he's doing the UK a huge favour. A lesser man would take one look at the chaos in the upper echelons of the London government over Brexit and decide that now would be a good time to go before the brown stuff hits the air coolant device.

Extraordinarily, some elements in the right-wing establishment and media clearly loathe him and have used every opportunity to attack him. He intervened very effectively in the days after the June 23rd vote to stabilize the UK economy and currency but they use that to claim that his honest warnings about the effects of leaving the EU were false. Such ingratitude is quite startling.

As it stands, he clearly has something that no other British politician has when it comes to dealing with Brexit. It's a little word beginning with the letter 'P'.

A Plan.

Bank of England governor Mark Carney to step down in 2019



Ah twaddle.

Carney has been poor. His ideological campaigning on climate change and trying to shoe-horn that nonsense into financial regulation without any legal qualification to do so.

His interventions in the referendum, that weren't just ideologically tainted, but horrendously ill-informed and wrong. Someone so wrong and ignorant about economics has no place being Governor of the Bank of England.

Carney is an empty pair of trousers. He acquired hi - totally undeserved - reputation, because Canada was surfing through a China-led commodity demand boom at the time of the 2008 financial crisis. Pure luck, no input whatsoever from the Central Bank of Canada.
 

Trainwreck

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I will predict that Carney's next move will be some ideological political interventionist government, quasi-government or NGO position.

Count on it.
 

duine n

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Mark Carney: Irish citizen?

Mark Carney: Canadian citizen, Irish passport holder.
 

between the bridges

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He's hanging around until there's some sense that the Brexiteers are starting to sort out the Brexit mess.
Ah right so he's hanging round for the Brexit boom so he can go out on a high...
 

former wesleyan

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devoutcapitalist

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On UK message boards now facts, figures, expert reports, economic reporting, experience and understanding are dismissed with rhetoric, sound-bites and slogans. A bit like here really. It's anti-intellectualism on a grand scale.
The so called experts in Britain have had a bad time as regards predictions over the last 15-20 years, many of these experts were predicting doom and gloom if the UK didn't join the Euro and failed to predict the 2008 recession.

Perhaps one can understand the healthy skepticism towards bankers, economists and other academics who supported the remain campaign.
 


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