So the FTSE 100 went up by over 1.5% today after initially falling by over 4%. This wild fluctuation came after it lost somewhere around 18% in the previous week.
But it went up. So everything is fine and dandy.
(There was me thinking we were up sh*t creek without a paddle.)
The Yanks, are still smarting from being downgraded from AAA to AA+. They are moaning that they only owe 13 trillion dollars.
For the mathematically challenged that is:
(I think I got all the noughts in)
The US Treasury is outraged at Standard & Poors downgrade. Personally Billothewisp thinks Standard & Poors has done a pretty dismal job too.
Billothewisp thinks that, if you have allowed yourself to sleep walk into a position where you owe the aforesaid 13 trillion dollars, really your credit rating should be ZZZ-, not AA+, let alone AAA.
Finally here in
As I remember, one side effect of
Of course being a simple soul I may be wrong and the current 5% (and rising) inflation is purely coincidental with the last batch of
I wonder what inflation will go to after the next print run?