My personal finances would look 'easier' as well if the Bank of England gave me overnight liquidity on tap, guaranteed my borrowings, and bought junk from my loft at inflated prices. Good for me, without doubt, but hardly 'normal'.
Credit Crisis Watch: Are the Markets Thawing? [View article]
Agree entirely with axelrod608.
I've no particular axe to grind about anybody in US politics, but I have to admit to being surprised by how quickly President-elect Obama's eloquent rhetoric of change has given way to the 'business as usual' subtext underlying his economic appointments. It's hardly surprising that every newly announced appointment gets a cheer from Wall Street; each one is further confirmation that the foxes remain firmly in charge of the hen-house.
Credit Crisis Watch: Gaining Positive Traction? [View article]
Credit Crisis Watch: Are the Markets Thawing? [View article]
I've no particular axe to grind about anybody in US politics, but I have to admit to being surprised by how quickly President-elect Obama's eloquent rhetoric of change has given way to the 'business as usual' subtext underlying his economic appointments. It's hardly surprising that every newly announced appointment gets a cheer from Wall Street; each one is further confirmation that the foxes remain firmly in charge of the hen-house.