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I can’t wait to get out of this kip, maybe go to a country where good news feels good, instead of this hole where good news is nothing more than propaganda for the sheepies
I wouldn’t buy a used car off him. Everything is looking rosy, except we owe around 200 billion and are still borrowing about 9 billion a year. But if they still want to give it to us we’ll take it.
So what! Massive money printing and zero interest rates is forcing investors to invest in junk bonds like ours to get any sort of return coupled with Dragi saying he’d intervene if countries were close to default is pushing down interest rates. Greece’s bonds are also around 3.6% Ffs and they defaulted to the tune of 100bn! The fact of the matter is austerity and Keynesianism for the banks has increased debt and risk in the world economy, setting us up for a monster crash bigger than 2007! What will that mean for us? Confiscation of savings and destruction of pensions, further collapse in income and ever widening wealth and income gaps. Whupdedoo!
I think as a country we need to decide what the bottom is in terms of support. It seems we just can’t decide how far left we are trying to go. Until then people will always feel hard done by.
I don’t judge my economy on how good our bond yields are or how many new McJobs have been created. I judge it on how well the state cares for kids with special needs or how many homeless I see sleeping in doorways in Dublin’s business district every morning.
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