Monday, March 2, 2009

Busy Weekend

Although the weather was not as sunny as Friday it was dry with a chill when the wind blew. Very busy in the garden over the two days with last minute trimming and renewing fence posts and preparing for the Spring.

The robins are getting bolder and will now take from your hand although they still find me a bit of a problem. All I want to do is play, but their more interested in eating. can't say I blame them.

Eldest son dropped in on Friday and had a bite to eat before going home. Meeting all his targets so has won a pay award, which will be useful with just buying a house. My 47% owner went to to see the house on Sunday so we are hoping she found it OK, as it's not the easiest place to find.

I am amazed that despite much of the current financial situation arising as a result of the sub prime in the USA the dollar is so strong against the pound? Seems daft that the root cause of the problem is fairing better on the currency market because the UK banks had a share in the toxic debt of the USA!

Japan is also in the grip of a recession according to the papers and news on TV. The bosses did a quick count of all the good or interesting news in the weekend papers and on TV. Surprise, there was no good news on any TV or in the papers within the first few pages or minutes of the broadcast. Yet it is rumoured that there is a millionaire being made every 4 minutes somewhere in the world. Someone must have it wrong or they just do not see a recession but a time of opportunity? Maybe they don't read the newspapers or listen to the news on TV or radio!

Small businesses in the UK are saying that the banks are making it difficult to get money or are being very strict on the meeting business plans. What happened to all the tax payers money that went into these banks, not only to keep them afloat but to ease the availability of money for small businesses and home buyers? Bring in regulations to stop the payment of bonuses to managers on their performance that has led to this situation in the first place would be a good start and then get the money available.

I see that credit cards are still charging interest rates above 12% APR when the base rate is 1%. Force them to reduce their rates would in the long term allow people to pay of their debt (not what the credit card companies want) and allow so disposable income to allow people to purchase. They will not save because the rate is low but will buy or spend on household goods, thereby starting the slow economic recovery of production.

Well it's cold this morning with a frost on the cars and no sign of life on the walk. Hope to see more when I go out with D later as the day should be bright and sunny, hopefully.

Take care speak to you on Wednesday.

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