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It is not everyday that both the IMF and IFS come out with damning statements and pan a Country, particularly somewhere as financially evolved as UK Plc. Although perhaps it is exactly because of our financial evolution the statements were made.
Where we are headed on this rollercoaster of a depression is quite frankly anyone’s guess but some of the possibilities are truly scary! We have already seen Spain downgraded from AAA credit rating to AA+. How far behind are Mr Brown and his reservoir of plods?
The messages coming out in the financial pages are at best confusing but do show the adage recessions give opportunities and disasters. But never before have we seen such reckless financial gambling and placing a Country on black 28 on the roulette table.
The man who’s watch word was prudence, who repeatedly bragged he had ended the cycles of boom and bust, has been found out.
Although the puzzling part is that one figure has had no part written for him during this charade, namely one Tony Blair. The Teflon ex Prime Minister has not been mentioned for his 10 years of taking us from a strong economy to the lowest point for 60 years and counting. Let alone the fact he has taken a huge salary as Middle East envoy and been conspicuous by his silence.
The only time he does pop up is to take money for lectures and keynote speeches. So as I say opportunities are there for some to make money during these austere times!
30 Jan 2009 11:37:00