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This does sound like a smokescreen for Hunt and an insider trading opportunity for the panel members, presuming they're not giving up the day jobs.
What do you think of Corbyn's man McDonnell's approach with the "markets"? (you can get past their paywall by registering - you get a few free articles each month)
Independent economic advisers....my arse! on 21:28 - Oct 17 by XYZ
This does sound like a smokescreen for Hunt and an insider trading opportunity for the panel members, presuming they're not giving up the day jobs.
What do you think of Corbyn's man McDonnell's approach with the "markets"? (you can get past their paywall by registering - you get a few free articles each month)
Independent economic advisers....my arse! on 21:38 - Oct 17 by XYZ
No, it's an interview from March 2018. When he was shadow CoE.
"Although I thought there would be some initial turbulence in the markets, I didn’t believe that there would be a run. I toured the City intensively to gauge what the true reaction to the election of the Labour party would be. Meeting numerous asset managers and financial advisers, I explained that there were many things in our programme that they may not like, including some renationalisations and tax rises on the wealthiest, for instance; but they were going to happen and there was so much more on investment that would give them real investment opportunities.
The response I got was that although they definitely didn’t like some of our policies, as long as there was certainty and predictability they could live with it. They could price in our policies into their calculations and we would be able to establish a working relationship. As long as there were no major surprises, they could understand our sense of general direction and would not sabotage our programme."
What is it that the FT one says that you want to highlight?
"They break our legs and tell us to be grateful when they offer us crutches."
Independent economic advisers....my arse! on 21:47 - Oct 17 by BanksterDebtSlave
"Although I thought there would be some initial turbulence in the markets, I didn’t believe that there would be a run. I toured the City intensively to gauge what the true reaction to the election of the Labour party would be. Meeting numerous asset managers and financial advisers, I explained that there were many things in our programme that they may not like, including some renationalisations and tax rises on the wealthiest, for instance; but they were going to happen and there was so much more on investment that would give them real investment opportunities.
The response I got was that although they definitely didn’t like some of our policies, as long as there was certainty and predictability they could live with it. They could price in our policies into their calculations and we would be able to establish a working relationship. As long as there were no major surprises, they could understand our sense of general direction and would not sabotage our programme."
What is it that the FT one says that you want to highlight?
The fact he understood the need to talk to them and have a communication channel - to invite questions. No surprises or shocks.
Unlike the Truss/ Kwarteng approach.
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Independent economic advisers....my arse! on 22:33 - Oct 17 with 534 views
Independent economic advisers....my arse! on 22:01 - Oct 17 by XYZ
The fact he understood the need to talk to them and have a communication channel - to invite questions. No surprises or shocks.
Unlike the Truss/ Kwarteng approach.
Makes sense doesn't it. Furthermore, even if the markets took umbrage despite the groundwork then the policies would still make sense and deserve support. Which is not the case with Trussenomics.
Edit...oh and there are also plenty of policies that the markets would likely support (many incoming shortly I imagine) which I certainly will not.
[Post edited 17 Oct 2022 22:36]
"They break our legs and tell us to be grateful when they offer us crutches."
Independent economic advisers....my arse! on 22:33 - Oct 17 by BanksterDebtSlave
Makes sense doesn't it. Furthermore, even if the markets took umbrage despite the groundwork then the policies would still make sense and deserve support. Which is not the case with Trussenomics.
Edit...oh and there are also plenty of policies that the markets would likely support (many incoming shortly I imagine) which I certainly will not.
[Post edited 17 Oct 2022 22:36]
My point is that the markets don't like surprises. They'll work with democratic socialists like Corbyn and McDonnell as long as you don't scare the horses.
If the policies have a public mandate then the markets will accept them.
Fracking wasn't on the Tories' 2019 manifesto. The public are against it. Truss and Kwarteng want(ed) it.
Try going to the market and raising backing for a UK fracking venture tomorrow. The market will tell you where to go pdq.
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Independent economic advisers....my arse! on 00:44 - Oct 18 with 473 views
Independent economic advisers....my arse! on 21:28 - Oct 17 by XYZ
This does sound like a smokescreen for Hunt and an insider trading opportunity for the panel members, presuming they're not giving up the day jobs.
What do you think of Corbyn's man McDonnell's approach with the "markets"? (you can get past their paywall by registering - you get a few free articles each month)
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