. . . an elderly economic lunatic from Ernst & Young "explaining" that although fuel, commodities and VAT increases are pushing up shop prices faster than we can follow them, underlying inflation is "below the Government's target" even though inflation has been above the Government's target every month for the last six, twelve or is it twentyfour, and that's despite the Government or is it the Treasury switching to a new measure of inflation which excludes anything that has the audacity to go up in price but does include the price of saddle-soap, repairs to your longbow and housemaids knee-pads. You've never had it so good, folks, and do you wonder that Doctor FTSE takes no notice at all of economic news, indicators and above all of the vapourings of half-way insane pundits when he decides which FTSE options to deal in next time around. Goodbye.
Monday, 17 January 2011
2 comments:
I don't leave comments on blogs that use Word Verification. Ditto blogs which I know have Comment Moderation applied. Life's too short and I'm too busy makin' money and what the Hell are these people scared of anyway? If you don't like some creep's comment . . TRY DELETING IT! You have that privilege.
And I never read unpunctuated so-called poetry. I don't understand why self-styled poets think it's clever to make their work difficult to read/understand.
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"FTSE takes no notice at all of economic news, indicators and above all of the vapourings of half-way insane pundits"
ReplyDeleteShould I be worried by this statement?
The reason FTSE doesn't take any notice is perhaps best illustrated by reference to THIS POST. It shows how the FTSE 100 Share Index - which is what Dr.FTSE makes his bets on - has risen from 1000 points when it started 26 years ago to around 5900 as I write. But notice how wildly it has swung around, both above and below its centre-line, depending on . . the phases of the Moon, perhaps? Dr.FTSE thinks the FTSE Index moves essentially RANDOMLY on a day-to-day basis. He never makes bets on expiries more than 40 - 45 days ahead. He believes that dangerous movements in the Index happen in response to (unpredictable) geo-political events (such as the terrible events of "9/11") and not to meaningless economic crap like our rate of inflation and "the USA non-farm payroll figures"
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