Showing posts with label Quantitative Easing. Show all posts
Showing posts with label Quantitative Easing. Show all posts

Friday, March 06, 2009

Signs of the times: No.94

Our newspaper shop has not opened today......
Pubs are changing hands, where they are changing hands, at about 40% of the value ascribed to them a year ago.
And John Redwood has a nice sound-bite regarding Quantitative Easing:
"The government has not merely divorced Prudence but is holding a drink and drugs party on her grave. "
So they not only divorced her, they murdered her as well....

Monday, March 02, 2009

The dangers of Quantitave Easing

Quantitative Easing has come to the Lear household.
Mrs. Lear eats a banana every morning for breakfast. If its green, yellow or black, it makes no difference to her. Myself, there are about 25 seconds in the life cycle of a banana when it is yellow without a brown spot when I can eat it.
Generally, Mrs. Lear buys a hand of 6 bananas - one for each morning for her and one for me when its perfect.
So imagine my horror when I discovered that this week there are 7 in the hand. The price is the same ( 99p) as the previous week's 6, but I will have to eat 2.
Deflation has set in. QE is rampant. I will have to ease my belt...
My waistline will expand...