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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