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The online dictionary defines “carnival” as a travelling amusement show. A “carney” is someone who works for a carnival. Tom Korski has come close to putting Mark Carney, Governor of the Bank of Canada, in this category. “Carney's mediocre forecasting record speaks for itself,” he says in today’s Hill Times. “The governor has betrayed less insight on the economy than farmers and plant managers who reply to StatsCanada questionnaires for periodic outlooks. At the very moment manufacturing was collapsing in 2008 Carney told reporters, ‘The sky is not falling. The sky is still there. The sun is still coming up every single day.’ It was excellent material for a Japanese haiku or kindergarten singsong, but not the calibre of analysis Canadians expect when the bailiff shutters the factory gate.”
Posted On Feb 16 09:50AM
While Carney's record, as Korski says, speaks for itself, I'm not sure his 2008 quote is the best example. Carney, like many other economic leaders at the time, was likely trying to calm down fears and prevent a scary domino affect with this placating remark.
Posted On Feb 16 09:48AM
Hey: I think Korski (indirectly) insults the poor plant managers and farmers here with his comparison to Carney!
Into all things politics, policy and parliamentary.