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Oh, he's sincere. Look at this from the month of June:
Euro rescue plan averts disaster but fears persist | EurActiv
European Central Bank Governing Council member Axel Weber said on Wednesday (9 June) that the way in which the markets were taking a sceptical view of the scheme was "incomprehensible".
The best we can hope from Weber as Central Banker is that when the markets bring him to heel, he says the same as Greenspan, that his entire worldview has collapsed.

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010
by Migeru (migeru at eurotrib dot com) on Fri Nov 26th, 2010 at 12:19:11 PM EST
[ Parent ]
... and then goes on to keep pontificating about things he has publicly admitted that he has no fucking clue about.

... and he will keep being taken seriously by Die Seriöse Leute.

- Jake

Austerity can only be implemented in the shadow of a concentration camp.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Nov 26th, 2010 at 12:34:52 PM EST
[ Parent ]
This week he did include in his remarks that the markets suffer from 'limited rationality'

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010
by Migeru (migeru at eurotrib dot com) on Fri Nov 26th, 2010 at 01:31:27 PM EST
[ Parent ]
They do not seem to be alone in that respect...

- Jake

Austerity can only be implemented in the shadow of a concentration camp.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Nov 26th, 2010 at 01:34:51 PM EST
[ Parent ]
I'd prefer "coked-up psychopaths with the morals of a weasel in a hen house" as a descriptive phrase.

YMMV

Skepticism is the first step on the road to truth. -- Denis Diderot

by ATinNM on Fri Nov 26th, 2010 at 01:54:05 PM EST
[ Parent ]
Descriptive of the central bankers?

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010
by Migeru (migeru at eurotrib dot com) on Fri Nov 26th, 2010 at 04:05:51 PM EST
[ Parent ]
Like investment banksters, lets give them their fair recognition.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Fri Nov 26th, 2010 at 08:35:11 PM EST
[ Parent ]
he will keep being taken seriously by Die Seriöse Leute.

Of course.

He may be a clueless fuck, but he's their clueless fuck.

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010

by Migeru (migeru at eurotrib dot com) on Sat Nov 27th, 2010 at 08:25:05 AM EST
[ Parent ]

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