“It is a wise man who lives with money in the bank, it is a fool who dies that way.” – French Proverb
There’s never a dull week really but this one seems to become more interesting as it goes along.
Strike action planned and then muted, banks running in and out of trouble and politicians showing that rash decisions may not always work out.
I don’t know whether it’s a case of right now faith being lost in the current government or whether it has been a gradual decline in their abilities to turn positives into negatives, but the bail out of banks seems hard to fathom and yet banks around the world are crying poverty.
In good news house prices are going to fall, but there probably will not the mortgages available to help afford them. Money was being thrown around like confetti and 100% 40 odd year mortgages where signed up for houses that were way overpriced. How it will all go now is uncertain.
We used to turn the page in the newspapers when the bank executives were receiving massive bonuses and salaries. Now we look at it and are appalled, because of the times, because it is starting to sink in that maybe, just maybe this is serious.
People are losing jobs, the unions are finding their positions challenged as employers are in a stronger position. I hate the phrase “we’re lucky to have a job” because it allows a lot of companies to take shortcuts.
It is going to be an interesting time, where a lot of things will be at a premium, let us hope faith is not going to be one of those.
Friday, February 27th, 2009 and is filed under Thoughts & Questions, Views on News.
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