Saturday, January 31, 2009

Not Chicken Little: the sky could really be near falling

Jesse is not an air-filled doomster, yet here he has become really sombre. Pound heading for parity with the Euro, major banks insolvent, action ineffectual, hush-hush all around so the common people don't realize the gravity of the situation. It's rumour, but rumour that Jesse, clearly an experienced financial man, finds plausible.

Like I said, you've had your warning. Prepare for the worst, hope for the best.

1 comment:

Nick Drew said...

Enron was only the tip of the iceberg

this can sound like a trivial observation but actually I think the parallel is an excellent one and runs very deep

remember how, many many months ago, I was asking how the 'Enron economics' jibe against Brown would play out ... now we know