You don’t need me to tell you the economy’s gone all wrong, to use the technical fiscal term. It seems practically every news resource has more or less turned itself over to exclusively musing on fiscal matters. Musing because there’s often nothing new to report on –but the Credit Crunch is so high on the agenda of tabloids and broadsheets alike that you end up with anything on the subject qualifying as news. This is usually an analyst whimsically waffling about might happen in two year’s time. If there’s not an analyst available you’ll see a plumber being interviewed about who’s to blame for creating a culture of borrowing beyond means (usually Brown) and what’s going to happen in the future (usually total annihilation for every country with a bank account). By the way, where were all these experts two year’s ago, if they’re so brimming with foresight?
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