Tuesday, November 29, 2011
Mervyn suprised again….
Bank governor Sir Mervyn King warns of hard times
Best line of this is "We didnt expect energy supplys to increase by 35%". I think Merv needs a lesson in economics, if you devalue your own currency and buy things in other countries currencies guess what your currency buys less so the same thing costs you more. It really is amazing how many times Merv has said he is suprised and something or didnt expect something. How is he still in a job if he is this useless?
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