Posts Tagged ‘Pamela Maynard and Pablo G – HEAL OUR WORLD’

A British survival guide for Mark Carney

Pamela Maynard and Pablo G  – HEAL OUR WORLD

A British survival guide for Mark Carney

By Philip Stephens

Financial Times – November 27, 2012

I am already feeling sorry for Mark Carney. His appointment as Bank of England governor has brought universal applause. A story that starts like this can only end in tears.

Politicians of all shades have lauded Mr Carney for intelligent judgment and proven management skills. Economists have attested that he can tell his algorithms from his algebra. Bankers say that, as a Goldman Sachs alumnus, he “understands” them. Put this another way: the three sets of people who got us all into this wretched mess are sure that Bank of Canada governor is the man to get us out of it.           Continue reading