Sunday, Dec 23, 2007
Broader perspective on bubble burst
Observer: Which way now when the world has shifted?
If you landed in London from another planet this month and picked up the Financial Times's glossy How to Spend It magazine, you would not suspect for a nanosecond that there was a crisis on the world money markets. In 120 pages of unabashed haute consumerism, ads for Tiffany ran alongside features on record couture sales at Christian Dior, with scarcely a hint at harsh realities such as multibillion-pound bank write-offs, smaller bonuses and lost City jobs.
Posted by petefromoz @ 02:03 AM (252 views) Add Comment
1 Comment
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1. alan said...
I don't think anyone really read past the first paragraph - all too busy spending money!
High streets are all clogged with people putting unwanted presents on their mastercards.... A painful hangover time approaches!