PALOOKAVILLE FINANCIAL stardate capitulation day+48
...the very thing that... makes them rich... will...make you poooor!!!...
halfcat : yo boss...jus wot is it abaht all iss crisis sh*t that makes yo so uncool?
plastered : 'cat man...i jus don lak bullsh*t b*stards innit!...
...i wuz ovva at barry's an click a link ta bloomboig ta watch jimbo onna vid man...
...an he speak a lotta sense...not jus on investin but also nailed the people who are causin alla crap...
...seems lak mish an jimbo see the fed, an paulie, an alla wizards o oz as...
...the problem an not the solution...
...itta politix wot ruinin a future...proppin up a zombie banks an zombie companies...
...instead a lettin a good take ovva a assets o a bad...they bustin a public finances...
...ta protec they friends!
'cat : yo!...chill dude!..don go gettin poplexed...it all loada bollox anyhow innit?
peteypoplex : WTF man!..me pension goin dahn a pluggole innit!...
...me house value sinkin by a minute... freakin deflation nah...
follered by hyper-inflation whenna liquity jexions kick in...
...an alla time a politix gettin massive index linked pensions...
...fo f**kin up...
OH YEAH...
...an theys this..
bloomberg : ..."The U.K. spent its way into trouble. It can't spend its way out again. Taxes have risen too high, and debt has soared out of control. The nation needs to pay down its obligations and lessen its dependence on financial services. There is no reason it can't make that transition with hard work and some belt-tightening.
A final splurge of public spending will only postpone that adjustment and create a real risk of economic disaster."
(Matthew Lynn is a Bloomberg News columnist. The opinions expressed are his own.)
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