Tuesday, October 28, 2008


There was a report today that the credit crunch has resulted in a loss to the world economy of over a trillion pounds.

Now that doesnt worry me so much for 3 reasons.

Firstly, at the current exchange rate this represents about three US dollars.

Secondly, it's probably going to turn up when they look down the side of the sofa.

And thirdly, it's not really lost - all you can say is that today's inaccurate guess at the value of the world economy is less than yesterday's inaccurate guess.

Don't lose sleep - and vote Stan.

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