Walk around with a smile on my face when everything’s crumbling?

You want me to be cheerful?

Paul Robeson

The bad news is like Paul Robeson's Old Man River. It just keeps rolling along.

He mus’know sumpin’
But don’t say nuthin’,
He jes’keeps rollin’
He keeps on rollin’ along.

Ah gits weary
An’ sick of tryin’
Ah’m tired of livin’
An’ skeered of dyin’,
But ol’ man river,
He jes’keeps rolling’ along.

Print more money!

We can only hope that plans to print money will start to turn things round. I'm taking that Payday Loan they're advertising and buying a new laptop so I can keep an eye on things.

Up until today, this week has been a disaster with the stock exchanges around the world dropping like stones. They're back to indices of 10 or more years ago. Shares are trading at their lowest levels since 2003 - lower than the days after the Lehman Brothers’ bank collapse last September.

Is it ok to create new money out of thin air?

On the positive side, governments are doing their best to turn things around. There is a lot of talk in the marketplace this month about something called "quantitative easing". I had to look up the details of this new "medicine" on Google and came up with this explanation: "Quantitative easing is a term for when a central bank creates new money out of ‘thin air’ to inject into the banking system.” The aim is to increase the amount of deposits in private banks so that, by way of deposit multiplication, they can increase the money supply by increasing debt (lending). ‘Quantitative’ refers to the money supply; ‘easing’ refers to reducing the pressure on the banks. ... click here to read the rest of the article titled "Walk around with a smile on my face when everything's crumbling?"
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