Some chap called Moody has endorsed George the Progressively Regressive's pretext for attacking the poor and vulnerable, saying that a fanatical commitment to paying off the bankers' gambling debts within this parliament was "very important" to Britain's favourable credit rating. Moody then warned that Britain's favourable credit rating could suffer if George the Progressively Regressive proves as correct in his estimates of future growth as he has in the past. This caused the markets to suffer one of their turns, thus proving once again why everyone with a shred of economic sense is implacably opposed to regulation.
Another chap called Fitch has warned that further austerity measures may be necessary should the damage caused by the present austerity measures prove unhelpful.
If every nation on the planet ends up with a bad credit rating, surely they'll have to apply the Bell Curve. Well, it worked in college....
ReplyDeleteOr maybe they'll just come up with another arbitrary threat.
Arbitrary? There's a war on, you know.
ReplyDelete