Interminably dull financial crisis news
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There's lots of stuff in the news these days about credit crunches and house prices and falling interest rates and the like. I can't claim to understand any of it, I'm not an economist. I don't even really understand the terminology. The interest rate, for instance, is possibly the most boring subject on earth, so why it's called the interest rate is a complete mystery. And I don't understand the obsession people have with buying things when they don't have the money to pay for them. It seems quite simple: don't spend money you haven't actually got, because it'll probably lead to bad things. I think my grandmother told me that, and she wasn't any kind of financial genius, she was just an old lady. But with what's happening now, she seems wiser than most people on the planet, including the people in charge of the banks. Maybe I'm blasé about this because I don't really need to worry about money, since the Nigerian deal. But I can't help thinking the world might be a better place if people like my grandmother were in charge. Although she wouldn't have liked all the foreigners. She'd have wanted them to leave. |
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