3.4.09

Its just a bad dream?

Ive been in a reflective mood after a day spent listening to news radio.
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After hearing IBEQs suggestion that social welfare should be cut by 3% in the Budget I wondered about the disruption 371,000 unemployed people marching on IBEQs headquarters would cause. Maybe a half million unemployed by the end of this year: thats a powerful number of people, thats a powerful lobby for change, thats a force to be reckoned with.
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About deflation, heres what I reckon. If theres something you need, say, a sofa, or a new washing machine, whatever...now is the time to buy it. Why? Because what comes down (deflation, cost of goods etc) must go up; And I believe that when prices start to go up they will do so very fast. Thats how it is in a recession; goods cost more money even though consumers have less to spend. This is why Im going to look for a nice corner suite that will do me until this bloody crisis is over.
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Maybe its all just a bad dream? Am I the only one who feels like that? Look, Ive been reading about the bust since it started, I've been predicting a bust since the boom started, Ive been an avid listener to radio talk shows about booms and busts. So why do I feel like the recession hasnt sunk in yet. Maybe it really is just a bad dream!
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Right, its time for me to go and watch back to back episodes of A Place in the Sun and Location Location Location. Try it yourself. You can totally block out all thoughts of recession after two hours of old tiger economy Tv shows

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