Showing posts with label deflation. Show all posts
Showing posts with label deflation. Show all posts

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...