Mark Carney aims for escape velocity but what about savers?
From MindfulMoney :: Mindful Money
January 26, 2013 - 7:00pm
We have a new expression at least as it is applied to economics – "escape velocity". Bank of England Governor designate Mark Carney says he believes that aggressive measures may be required to boost the developed world economies out of their current torpor.The Observer reports that Carney, speaking at the World Economic Forum in Davos, was talking in general terms rather than specifically about the British economy. But clearly the UK is one country that could do with such a boost. Carney also said: “There remains considerable flexibility – which includes the use of communications and the use of unconventional measures”. Examining Carney’s words about the future and indeed his past deeds has become something of a sport among economists and economics pundits. There are already some suggestions that a policy shift could see the...Continue reading this article »