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....
Glasgow based filthy property speculator with three daughters. Chess playing, food-loving, Francophile Cavalier King Charles lover with a heavy emphasis on doing as little as possible
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
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...
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...
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