What’s yours, is theirs

Work and life having calmed down again for a little bit, there’s so much to catch up on, so with a bit of luck and a few pints expect a bit of a blog frenzy (may as well enjoy it whilst I can – but that’s for another post). The wheels continue to fall off the glorious EU project with Cyprus first saying they’re going to raid people savings, this turned out to be unpopular so their MPs voted against it, but despite that Cypriots are still limited in how much of their own cash they can with draw from … Continue reading

A- for George

Many people far more knowledgeable than me have commented on the recent downgrading of the UK’s credit rating from AAA to AA1 – this however is not going to stop me adding my tuppenth worth. It’s just one agency but it is a warning shot across the bows the policy being pursued by the current Government isn’t working, we’re borrowing more and there’s no growth- this is not how you reduce dept. The only way anyone reduces debt is to spend less and stop borrowing, apparently this does in fact also apply to Governments despite what various pundits have claimed … Continue reading

Credit where credit’s due

In the past I haven’t been shy of giving the whole occupy movement a hard time, and i still think that much of what they do is ill thought out, inconsistent and rather ludicrous. However just as even a stopped clock is right twice a day, the Occupy mob over on Wall Street have actually come up with a rather sterling idea. Their jolly wheeze is to follow the example of the usual residents of that street and buy up bundles of cheap debt, but instead of then going after the debtor and hounding them for the money, they plan … Continue reading