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Black Friday - financial crash thread


ICTChris

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Melvyn King, former Governor of the Bank of England - http://www.bbc.co.uk/news/uk-politics-eu-referendum-36641046

"Volatility in UK shares following the vote to leave the EU is "no reason for any of us to panic", the former governor of the Bank of England says.

"Lord Mervyn King predicted the long-term effect of a Brexit on GDP would turn out to be "a bit of a fuss about nothing".

"In a BBC interview, he also accused the Remain campaign of treating people considering voting Leave like "idiots".

"He said voters had not been impressed by "scaremongering tactics"."

In fairness I've never seen a governor of the boe say 'right this is the time to panic it's all fucked'.
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In fairness I've never seen a governor of the boe say 'right this is the time to panic it's all fucked'.

 

It was a very public rebuke to Osborne and possibly Carney too. His comments indicate very strongly that King supported Brexit. He could become an important player in the negotiation debate over the next months.

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Melvyn King, former Governor of the Bank of England - http://www.bbc.co.uk/news/uk-politics-eu-referendum-36641046

"Volatility in UK shares following the vote to leave the EU is "no reason for any of us to panic", the former governor of the Bank of England says.

"Lord Mervyn King predicted the long-term effect of a Brexit on GDP would turn out to be "a bit of a fuss about nothing".

"In a BBC interview, he also accused the Remain campaign of treating people considering voting Leave like "idiots".

"He said voters had not been impressed by "scaremongering tactics"."

Making sure there is time for the big investors to get out 1st afore the plebs?

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