Sunday 29 March 2009

REMEMBER POMPEII

yo!...only fallin ashes...innit!



PALOOKAVILLE FINANCIAL
capitulation day
+192...


...here in palookaville they think it's all over...

...stock markets have rallied 20%...

...and a bank has passed a stress test...


...deflation has failed to raise it's head in the rigged figures...

...and the value of retail sales rose a bit...


...under the carpet there are so many things...

...and soon people will begin to trip up...



DO AS I SAY NOT AS I DO


...by saving banks and automakers...

...governments have fallen into the protectionist trap...

...the game is rigged...

...always was...

...while all was going up...


...no one seemed to mind...


...now though...


...people have started to notice...



CLUSTER'S LAST STAND


...many here in palookaville...

...have their hopes pinned on the G20 clusterf*ck...


...divided they stand...

...rather than united they fall...


...well...

...we'll see...


DISMAL SCIENCE

...everyone said there would be no recession and that the financial crisis...

...would stay in the bank vaults...

...well...

...what the f*ck do they know?...


GLOBAL AND LOCAL


...world trade has collapsed...

...because the bank credits are unavailable...

...boeing has seen orders fall by 50%...

...ships lie idle in the harbour roads...



UNLIKE GERMANY


...they told us that we were failing...

...because we didn't make stuff and export it...

...unlike germany...

...we were house mad...

...unlike germany...

...we spent beyond our means...

...piled up debt...

...unlike germany...


...well...


...you know the rest...




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