Andrew Bailey is the noob, will replace Carney.
- Times report the Bailey has admitted that he is concerned about how ill-prepared the UK is for a prolonged fall in the stock market or house prices.
- the issue was "one of the things that worries me most"
- "There hasn't been a major fall in asset prices now since the [global financial] crisis and of course, we don't want one to happen, but they do happen. I do think that there is not as great an understanding of what the consequences of that could be."
Dude must have been brushing up his research on those funny internet forums
ps. I am off for a long weekend soon, get your abuse in before then please ;-)
Times link (Gated)
If you look carefully you can see Bailey's halo.
