Well i’ve still got hold of my job when everyone around is losing theirs.
Saying its not good times at the mo is an understatement.
This recession has come on drastically and at speed in comparison to previous downturns so drastic measures are required.
One of the key problem is banks not lending and squeezing credit which has been highlighted in the media mainly on car manufacturers even though most sectors are having problems
the reason for creating extra money is to encourage lending by the banks but the risk is that the banks will keep onto this money to improve their disgracefully mismanaged balance books.
I don’t now if anyone saw that banker saying that he still deserved his bonus as he had achived his targets despite the fact that their business model is so warped that they ruined and disrupted the lives of millions. It shows how out of touch they are..bastards
On a more serious note has anyone read “The Vanishing Face of Gaia – A Final Warning” by James Lovelock? I’m half way through and trembling in my boots!
