Thursday 2 October 2008

INSIDE THE 'FLATION NEBULA


yo!...'flation gon be DE...innit..!

PALOOKAVILLE FINANCIAL stardate capitulation day+14

...the united flakes dorkship TURNERPRIZE is lost in space...having gone to the rescue of the dorkship TITANIC out of WALL ST... holed below the waterline by a runaway credit binge ...toxic sh*t spilling out inta space...solidifyin an blockin alla trade inna financial universe...

...both ships are now entangled in a DE-LEVERAGING BLACK HOLE which is suckin alla banks an financial institutions inta a negative zone...

...Admiral Paulie an cappin brush, o the titanic, are swirlin arahnd wiya loada houshold names an famous brands at as gon downa plughole inta negative space...

brushie : noboddy seen the sucker comin...

paulie : they aint no plan...

peteypickard : the tractor beam is broke anna titanic sucker gon go dahn...

zooneh : it be DEflation boss...prices a assets shrinkin atta evva faster rate...

spook : itz 'flation jim!..but not as we know it...

scotty : economy worse an at!...itz dead jim!

halfcat : wot fo i got be gilligan?..ah wants ta be Rick...

petey : shuddup 'cat yo gon be wot ah say innit!

beulah : wages gon be worth mo dosh...anna kin buy a place fo BEADS...

laverne : yo klutz!...wages gon havta fall innit... workin stiffs gon lose ay jobs man...

paulie : yo! we fix congress man...it all gone be fiiinnnee!

THE END OF MORAL HAZARD

aht ere in space no one kin hear a screams...currencies changin colour alla time... shocks an scares lakka yoyo...banks wotz bust...

edmund : "The world we are set to live in in the coming years will be deflationary. In fact, it already is - house prices are deflating at the fastest rate since the 1930s. As banks stop lending and the amount of cash in the system dries up, so too does demand - in other words a key propellant for economic growth - and soon enough we find ourselves facing a recession and potentially deflation.

If you are looking for proof, look no further than the mass of complex statistics produced by the Bank of England on money. I am no monetarist, but Milton Freidman was without doubt right that inflation is always and everywhere a monetary phenomenon. And the amount of money sloshing around in the system is starting to drop dramatically. These figures - an economic early warning system if ever there was one - are flashing red...." Telegraph


previously on 'FLATION NEBULA

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