Monday, October 31, 2016

Quote of the day 31st October 2016

"Some Brexiteers flush with victory seem to have forgotten that undermining a Governor of the Bank of England is the markets equivalent of playing with matches in a petrol station."

"They’re loudly unhappy with the Chancellor of the Exchequer too. This combo – trashing the Governor of the BoE and the Chancellor simultaneously – is completely and utterly nuts."

"The situation got so out of hand that what can only have been a (poor) joke in a recent column suggesting Jacob Rees-Mogg as successor to Carney was recycled as a serious runner. It is not. Really, it is not."

"We’re in ravens at the Tower of London territory here with Carney and Hammond. What they symbolise via the authority of their respective offices is stability, relative calm and continuity. Perception and confidence matters, a lot."

(Iain Martin, an intelligent Brexit supporter, responds here in a very well written article at Reactions to the attempt by some journalists and politicians to undermine the Bank of England Governor.)

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