This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Bank of England Governor Makes a Twitter Joke for Central Bankers

NEW YORK (TheStreet) -- Bank of England Governor Mark Carney showed he has a sense of humor, and during a wonky speech Monday about monetary policy, used that apparent wit to offer a fist bump to Twitter (TWTR - Get Report).

"Now I'm in the camp that think's it's unlikely that communicating in 140 characters represents the end of human progress -- as useful as that discipline is," Carey said. 

Carney, speaking in New York on Monday, was explaining the possibility of why advanced economies have entered a prolonged low-growth period since the financial crisis, a situation he attributed to a decline on the supply side "such that full utilization of resources is consistent with slower growth."

Carney made his reference to Twitter -- without using the company's name -- in relation to an argument that central banks should not always consider supply as exogenous and understand that central bank policy can directly influence decisions of how much individuals choose to work and how much firms choose to invest.

Really what he meant is even though narrowing information down to 140 characters can be useful, it's still critical to expound upon that information, especially when it pertains to market-moving monetary policy.

You can watch the entire video here -- central banking jokes included.

-- Written by Joe Deaux in New York.

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
TWTR $47.48 -1.20%
AAPL $129.23 0.60%
FB $79.50 0.67%
GOOG $559.00 0.11%
TSLA $196.56 -3.30%


DOW 18,255.07 +122.37 0.67%
S&P 500 2,112.44 +7.94 0.38%
NASDAQ 4,994.6170 +31.09 0.63%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs