Wednesday, January 14, 2009

Is it all bad news for 2009?

Good morning world. It's a frosty morning and still dark so unable to see much this morning. Yesterday was mild with some sun and the fox was laying on the tree just off the path where D and I go for a walk.

There are signs that despite the world monetary problems nature is continuing, as early signs are that the daffodils, crocus and snowdrops are starting to make a show above ground. Before we know it the mornings will become a little lighter and the sunsets a little later.

Despite all the promises that Governments made to the banks we are not seeing any filtering down to the consumer. Is this because the money has yet to be given to the banks or are the banks just filtering it in such a way that share holders get their money. Listening to many people at Christmas time they felt that if they had money to spend they were reluctant to as friends who were less able may think badly of them! The boss(he)was talking to an accountant who was not going to buy a new car because he felt his clients would take a dim view of it in the current situation. What does that do, if multiplied, to the car making industry?

Money needs to flow to enable economies to flourish and if people are not using money but hoarding it then the economy will stagnate. The knock on affect is that because of globalisation the world starts to have an economic downturn.

There still needs to be a deep and thorough investigation of why the financial institutes and their backers were allowed to bring about this whole situation, starting with the sub prime in the USA which then spread to the UK, then the EU and from there to the rest of the world. Of course the sub prime was only the beginning of the realisation that people were allowed to borrow way beyond their means and like in the UK debt was being expressed in trillions not billions.

We canines are also feeling the recession and I hope that people who brought puppies at Christmas did so after careful consideration of the cost implications?

Then frost is here for a while so it will be interesting to set at first light what it looks like in the gardens. Remember to put food out for the birds and learn something new today.

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