Friday 5 December 2008

Fantasy Finance League

"It's a funny old game", Jimmy Greaves once said of football. He was right of course, it's weird and bizarre, whilst not a little humorous.

Perhaps though, it's trumped in the "funny old game" stakes by the funniest of all the old games - balancing the economy. Interest rates have dropped to an all time low of 2%, VAT is temporarily down to 15%, I expect Aldi are even discounting their cheaper than chips, chips!

The great edifice of capitalism is eating itself from within. Greed and unrealistic borrowing of money have eventually come home to roost, triggered by the US sub-prime sector biting back with a vengeance.

It's such a great injustice that most of the people who implemented these culpable banking models will have already fled with their money. Fat cats, retired on a fortune, on a Caribbean island no doubt, watching from afar as the rest squirm in the wake of their disastrous lending strategies. It almost makes you nostalgic for 80's yuppies....well maybe not.

Still, lets look on the bright side. Yes, we will probably end up being taxed more but fuel prices are dropping and repaying my student loan might not be as daunting a prospect as it once was. Anyway, we've always got our football to entertain us in the bad times haven't we?

Hmm....it's a funny old game.

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