Saturday, November 29, 2008

Who else sung their heart out like Ruth Lorenzo

Ruth Lorenzo was voted out of the X-Factor tonight. The British public have been trying to ditch Ruth for weeks, unfortunately the Judges safety net didn't exist to today.

Nobody put as much into their performance as Ruth... a real shame, she didn't deserve to go

Wednesday, November 26, 2008

One thing that bugs me....

... is when I'm not allowed to tuck into a really fresh loaf of bread because there is still some stale old bread in the cupboard.

It seems a bit mad to me that I have to eat all the stale old bread, thus ensuring that the nice fresh bread has become old and stale before I get a chance to savour it. Where's the logic in that?

Tuesday, November 25, 2008

Good debts are going to fuel this recession

In recent days, there has been much talk about bank re-capitalization as though this is going to solve the credit crisis and lead the global economy out of recession.... what a load of nonsense.

The problem is that huge numbers of western consumers are so heavily indebted that they are not 'credit worthy' in a properly regulated financial environment. It is going to take them years to earn their way out of this situation. This is the real credit crunch.

These consumers will need to live within their means and still service the huge mountain of debt that they have built up in the last 10 years..... these are the good debts and the kind of people expected to fuel the retail economy with non existent disposable income..
It will be years before these consumers will (maybe never) consider 'releasing equity' in their homes in order to fund that new Porsche Cayenne that they so desire.....

Easy, unregulated credit by the banks fueled the asset bubble inflation that created the previous consumer boom. The provision of properly regulated credit (when it arrives) is not going to restore that boom. Society will be too busy working their tails off just to clear the mountain of debt that they are already committed to.

Sunday, November 23, 2008

And then there were none... PD's that is.

And so it came to pass, Mary showed those in-subordinate TD's who was delivering the goods.

Once she lost interest, the Party evaporated. Enough said for all the other PD's who thought they were important.