"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Tuesday, March 18, 2008

Yvette Cooper talks out of her arse. Again, and again and again ....

Air head, frail looking but glamourous and gamin Yvette Cooper (Minister for something way beyond her competence at the Treasury) is telling us on the BBC 4 " World at One " that the (fudged and fiddled) rising levels of inflation (2.2% Jan 2.5% Feb) were exactly as predicted.... referring to what Gypsy Petulengro Darling said last week. This she attributed to the global "credit crunch" - i.e furriners. That she talks absolute bollocks is to be expected but a mention of record grain prices, commodity prices, and oil might just possibly have played a teensy weensy part, maybe eh! Yvette?

But not what Lordy Lord "Don I gotta Winner" King of the Bank said at the Mansion House 16th June 2007... 9 months ago.

"Our central view remains that inflation will fall back this year as the rises in domestic gas and electricity prices last year drop out of the annual comparison, and the recent cuts in prices feed through to household bills."

1 comment:

Anonymous said...

Actually the inflation figures were exactly as predicted! They just forgot to mention they were retroactively predicted.
Oh hum.

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish