PALOOKAVILLE FINANCIAL
capitulation day
+258...
...every day here in...
...palookaville...
...we have the famous fiesta...
ECONOMY OF THE LIVING DEAD
...it's official...
...our prime minister has achieved...
...zombie status...
...dead politician walking...
...all here agree...
...it's the right thing for a zombie economy...
IT'S LIFE JIM BUT NOT AS WE KNEW IT
...long ago there was demand...
...people bought what they needed...
...and were prepared to pay real money for it...
...or...
...pay decent interest rates in order to own their own home...
...now...
...the blood has drained away...
...demand can only be brought back to life...
...by the zirp...
THE ZOMBIE INTEREST RATE
...no one here in palookaville...
...will admit that the economy is dead...
...the banks are dead...
...and...
...our great leader is now dead too...
NOTHING SUCCEEDS LIKE
EXCESS
...the zombie housing boom...
...is in all the papers...
...brown set out to bring it back to life...
...and has succeeded...
...like he succeeded with the banks...
...now everyone is happy again...
...except the savers and the pensioners...
...and the people who had the money...
...and the first time buyers who were waiting for prices to fall...
...in order for them to afford to buy...
ZOMBIE SAYS DO THIS
...the zombie economy...
...controls prices...
...and knows best what each asset is worth...
...nothing dies...
...nothing new is created...
...this may go on for some time...
..."Large swaths of Britain have been left excessively dependent on taxpayer-funded activity that has crowded out the private sector and stifled enterprise. The State accounts for more than two thirds of the economy in the North East, Scotland, Wales and Northern Ireland. Now, with a protracted period of austerity in public spending made inescapable by the Government’s record plunge into the red, these regions will suffer disproportionately as the Treasury is forced to retrench...."
Times
capitulation day
+258...
...every day here in...
...palookaville...
...we have the famous fiesta...
ECONOMY OF THE LIVING DEAD
...it's official...
...our prime minister has achieved...
...zombie status...
...dead politician walking...
...all here agree...
...it's the right thing for a zombie economy...
IT'S LIFE JIM BUT NOT AS WE KNEW IT
...long ago there was demand...
...people bought what they needed...
...and were prepared to pay real money for it...
...or...
...pay decent interest rates in order to own their own home...
...now...
...the blood has drained away...
...demand can only be brought back to life...
...by the zirp...
THE ZOMBIE INTEREST RATE
...no one here in palookaville...
...will admit that the economy is dead...
...the banks are dead...
...and...
...our great leader is now dead too...
NOTHING SUCCEEDS LIKE
EXCESS
...the zombie housing boom...
...is in all the papers...
...brown set out to bring it back to life...
...and has succeeded...
...like he succeeded with the banks...
...now everyone is happy again...
...except the savers and the pensioners...
...and the people who had the money...
...and the first time buyers who were waiting for prices to fall...
...in order for them to afford to buy...
ZOMBIE SAYS DO THIS
...the zombie economy...
...controls prices...
...and knows best what each asset is worth...
...nothing dies...
...nothing new is created...
...this may go on for some time...
..."Large swaths of Britain have been left excessively dependent on taxpayer-funded activity that has crowded out the private sector and stifled enterprise. The State accounts for more than two thirds of the economy in the North East, Scotland, Wales and Northern Ireland. Now, with a protracted period of austerity in public spending made inescapable by the Government’s record plunge into the red, these regions will suffer disproportionately as the Treasury is forced to retrench...."
Times
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