January, 2010


28
Jan 10

The Volcker Attack: A Damp Squib?

The Real Role of Chairman Mao

Rumour of the week: The UK election will be called for the end of March, not May. The government is worried that first quarter GDP figures will show the UK falling back into negative growth after the wimpish 0.1% GDP growth number for the fourth quarter of 2009. As other countries continue growing, a negative number announced a couple of weeks before the expected date of a May election will look all the more pitiful.

If this is true – and it has the ring of truth – the Labour Party is taking us for fools. The same goes for the Conservatives, with their daft pledge, plastered on billboards everywhere, that they won’t touch the NHS.

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