bozo's return

And the hits keep on coming!

So following the disastrous Q4 GDP data Reuters ran a piece today saying the BoE policy committee had serious discussions about a rate hike.

This decision will get harder and harder in the coming months. As will life for those families not blessed with investment bank bonuses. Or any bonuses.

R4 had a nice man on from the OECD backing the coalition's deficit reduction policies as "the only option".

Mr Miliband may disagree. But basically we all know that if he doesn't get to number ten in 2014 he will be looking for a new job and its not likely to be at the OECD where a basic grasp of economic reality is deemed quite useful.

But one does wonder. Who is actually going to champion the poor amidst all this doom and gloom. Austerity might be the only option and the Bozo's antagonists of this world may cringe at the idea of higher taxes for the rich.

But how do we protect the low end pay scale workers?

Because if we don't we will end up with a society no one wants to live in.

PS. Back in 2008 bozo said asset buying wouldn't be a good idea until there was only one zero in the year...

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I told you so

Its not often that Bozo says "I told you so". Possibly because of lack of opportunity!
But this is quite irresistible.
The UK economy shrank in Q4.
You can read the Reuter's report here:

http://uk.mobile.reuters.com/article/idUKTRE70N77S20110125?feedType=nl&ca=rdt

Hard to imagine all those people that drove the FTSE to levels best described as "stupid" not having a rethink.

Bad news for sterling too. So good news for those foreigners looking to buy UK property. So long as the home you are selling is in Mayfair or South Ken there will be lots of buyers!

Other sellers may struggle.

Of course the resilience to a real correction of the housing market still means ordinary working young couples will be struggling to get on the ladder without mummy and daddy helping.

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