An apology Lord Mervyn King

[AtW]

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For now, but I fear it won't take too long for people to realise how sensible old bean was.

[BrilloPad]

eh? The moron totally f**ked the economy. He quiet quiet while Labour did spend spend spend. Then continually left interest rates way too low causing high inflation.

At leat Mr Carney is being open about his policy of "default by stealth" or inflating his way out of debt.

[Paddy]

FFS Mervyn King

How to you think a think idiot born in the gutter gets to the top?

[MarillionFan]

FFS Mervyn King

How to you think a think idiot born in the gutter gets to the top?

He becomes a street cleaner and then gets a government contract for doing all of the streets in England???

[KentPhilip]

At least Mr Carney is being open about his policy of turning Britain into Bongo Bongo land

Corrected for you.



* Bongo Bongo land being a reference to high inflation African countries like Zimbabwe.

[eek]

Corrected for you.



* Bongo Bongo land being a reference to high inflation African countries like Zimbabwe.

We are inflating away the debt and taking the average wage back to sensible levels via inflation.

Slowly, slowly, catchy monkey the BoE are taking the wages of the man on the street back to the global average of enough for food, clothing and not much else.

[DimPrawn]

We are inflating away the debt and taking the average wage back to sensible levels via inflation.

Slowly, slowly, catchy monkey the BoE are taking the wages of the man on the street back to the global average of enough for food, clothing and not much else.

[sasguru]

What could he do, and what can anyone do, to change the essential fact: Britain can't pay it's way in the world? Neither can the US and most countries in Europe. The only Western country that runs a trade surplus is Germany.
That is the essential fact that leads to our long term doom.
I am impressed with the all the tricks policymakers use to postpone that doom, though - and Mervyn was a master of that.

[DimPrawn]

What could he do, and what can anyone do, to change the essential fact: Britain can't pay it's way in the world? Neither can the US and most countries in Europe. The only Western country that runs a trade surplus is Germany.
That is the essential fact that leads to our long term doom.
I am impressed with the all the tricks policymakers use to postpone that doom, though - and Mervyn was a master of that.

[DimPrawn]

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