Headline in today’s Telegraph: “Is Mark Carney lacking ‘consistency’ of just confused?” by Andrew Critchlow.
It is not Mark Carney; it is so-called “forward guidance” that is the problem. Carney could be just about anybody.
This is a cheap shot, Andrew ‘ol boy. Read our last post. The problem is not the personality, it is the method.
Robert Craven
It is not Mark Carney; it is so-called “forward guidance” that is the problem. Carney could be just about anybody.
This is a cheap shot, Andrew ‘ol boy. Read our last post. The problem is not the personality, it is the method.
Robert Craven
It is refreshing to see positive debate on forward guidance rather than the cult of personality. For too long, it has been too easy to critique "poor guidance" when the problem is it is not possible to provide any form a consistent clear and correct forward guidance. All it does is encourage the lazy market participants to just follow the guidance then blame the guide when things go wrong rather than think for themselves. Thank you.
ReplyDeleteJustin Smirk