Sorry for the pause in blogging, friends. I have been very busy getting the yacht ready to sail for Spain and have had poor Internet connection since around May.
One would think, from the media, that the problems are behind us but I urge you to look at the fundamentals. Jobs are being lost. Tax revenue is falling. The Government is printing money. Government debt is increasing. The economy is shrinking. And on Friday the Bank of England stated categorically that the problems are not behind us and continued with another £50 billion print run on QE.
My advice is keep your belt tightened until you can see a real recovery.
Saturday, 8 August 2009
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