Saturday, Dec 02, 2006
Merv says spiralling debt won't harm economy!
thisismoney.co.uk: Bank governor: Families face debt crisis
Chief Sitting Bull Merv says: "there are not enough of them [IVA debtors / bankruptcies] and they are not rich for it to have a significant impact on total household spending.'
Posted by nearly30 @ 02:14 PM (149 views) Add Comment
11 Comments
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1. nearly30 said...
Good to see Merv is such fine form and making sure we don't get too depressed before Xmas - or at least before we've hit the high streets this weekend after pay day!
Oh - and if you look very closely at the picture of Merv - you might be able to make out the slight 'rosey' tint to his spectacles.
Love the dictionary definition of this:
"To view things in an unrealistically hopeful or cheerful way" - fantastic!!!!
2. nearly30 said...
Although - Mr Magoo is more apt - wiki definition:
"a wealthy, short-statured retiree who gets into a series of sticky situations as a result of his nearsightedness, compounded by his stubborn refusal to admit the problem, in which the affected people think that he is a lunatic, rather than just being near-sighted".
3. Surfgatinho said...
Well, if he doesn't see this as a problem then he won't be worried about cranking up interest rates!!!
4. Ticktock said...
Nearly,
Mr. Magoo is my new name for Alan Greenspan!
Very good!
5. paul said...
Quite brilliant, nearly30.
I was starting to label him Swervin Mervyn, for his habit of one minute saying that debt is worrying and the next, the complete opposite!
6. japanese uncle said...
Chief Shitting Bull or 'Merde'ing King
7. tyrellcorporation said...
Doesn't he look like Mole off Wind in The Willows!
8. nearly30 said...
I love the tone of the comments over the weekend.
Apparently Chief Sitting Bull Merv is an Aston Villa supporter - ironic as their motto is 'Prepared'!!!
9. Nohpc said...
I am a fan of Merv. Merv the swerv is an appropriate nickname for him as he has managed to avoid catastrophe extremely effectively and I believe he will continue to do so. The current BoE is very level headed and logical and do not want to make any rash decisions. They are certainly doing a better job than in America!
10. nearly30 said...
NoHPC - to true considering the following:
"Bob Greifeld, the chief executive of the Nasdaq stock market, admitted under oath that he did not understand how to calculate gross profit margin, one of the most rudimentary formulas in business accounting" Times Online 2nd Dec 2006.
http://www.timesonline.co.uk/article/0,,5-2482869.html
11. indiablue19 said...
Nohpc....
I fear you will soon be able to eat your words as the pound is only looking "well off" against the dollar, nothing else. Anything exported to the USA is going to become instantly unpopular over there. There will be little or no tourism here from the USA, which you may know is a significant industry. And, if the BOE don't keep interest rates on the upward rise the party will be completely over even sooner.