Canadian Mark Carney has been anointed the next governor of the Bank of England.
Carney spent more than a dozen years at Goldman Sachs, and can therefore be relied upon to intuit the expectations of that firm's corporate culture.
In the big leagues they don't ask "what would Jesus do?"
Instead, they ask "what would Goldman Sachs expect us to do?"
And we expect Carney will know.
A good part of the reason why Carney looks good has little or nothing to do with the man himself. As his Wikipedia entry notes in passing, Canada's relatively robust transition through the current recession has far more to do with her "risk-averse fiscal and regulatory environment" than with anything Carney did or didn't do.
Canada was risk averse before Carney took the helm of the Bank of Canada and it will be risk averse after he leaves.
And that's a good thing.
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