Lol at Rees-Mogg and lol at Carney.
Both low grade l0sers
Mark Carney overrated?
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this
lifting is for betas by definition. Sorry. Real men play real sports. They don't spend hours lifting heavy objects and put lotion on their body.
Looks alpha? The guy runs marathons; he’s the size of a twig. He clearly doesn’t lift.
He looks alpha, smooth talker, has oxford PhD, etc. This is how the game is played in the "real world".
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Carney was overrated but all central bankers are. Who becomes BOE governor is a heavily politicized decision--there are drawers full of sock puppet bankers to choose from and the govt appoints the one who serves their interests. That's why andrew bailey is the current governor (he was a safe, bland choice).
So in a way the people who have commented that Carney is "alpha" because he speaks well and has a fancy phd are correct. he had the creds to dress up his political non-job and make it look more important that it ever was.
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I wouldn't argue that all are.
Stephen Poloz was generally sensible, and so was Ben Bernanke.
Carney was overrated but all central bankers are. Who becomes BOE governor is a heavily politicized decision--there are drawers full of sock puppet bankers to choose from and the govt appoints the one who serves their interests. That's why andrew bailey is the current governor (he was a safe, bland choice).
So in a way the people who have commented that Carney is "alpha" because he speaks well and has a fancy phd are correct. he had the creds to dress up his political non-job and make it look more important that it ever was. -
I wouldn't argue that all are.
Stephen Poloz was generally sensible, and so was Ben Bernanke.I'll grant you there are better performers in the job than others but ultimately it's difficult to differentiate between ability and luck. Nigh on impossible, actually.
Ultimately a central banker is dealing with a hypercomplex economic system that no human being, however capable, can ever understand. The best researched and executed central bank policies by the most intelligent and well intentioned governor of Fed chair can still lead to disaster. The emperor has no clothes. It's always a roll of the dice.
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I think Carney is a good salesman: he’s good at selling himself as a smart man who knows what’s going on, when in reality he’s a charlatan.
I read an FT article a while back. His thesis advisor at Oxford, Margaret Meyer, had a lacklustre opinion of his academic work.Was curious about this as I recall Meyer giving Carney plenty of platitudes in (a fawning) Globe and Mail article a while back (searching now, there's plenty of positive Meyer quotes about him).
This appears to be the FT quote that has been interpreted as Meyer having a 'lacklustre' opinion (https://www.ft.com/content/a27e08f4-dec4-11e2-b990-00144feab7de):
It was very impressive to see how he got to grips with new approaches and new tools,” she says. As for attacks on national champions, a policy already unfashionable and something of a “straw man” according to professor John van Reenen of the London School of Economics, Meyer conceded Carney “took some liberties” with the motivation of the thesis, although the substance, she insists, was not behind the times."
OH SNAP... pfft.
I won't overly appeal to Meyer's authority on all things Carney, but she's good people.