Almost three years on and still there’s no new horizon!

They thought it was all over, but it just won’t go away

As the Credit Crunch lingers a tragedy can easily become a crisis again, especially when a serious player’s attempts to stem the tide, by taking draconian measures, prove lacking. Uncertainty cannot be assuaged in these circumstances, for when it comes down to confidence; no one can fool the markets.

  The interest demanded for assuming government debt is the real crucifier and there’s no way round it. The Fiddler calls the tune and the tune is:- There ain’t no such thing, as pay later on easy terms. That only lasts as long as confidence exists. Once uncertainty takes over you’re into the end game and that’s where it’s heading.

  Riots in the street achieve nothing, they just add to the over-arching burden. For no one ever found product in a riot. That’s just self destruct manifesting itself, when reason has exited stage left and the curtain is on the way down. Civil unrest is no way to produce anything, other than an establishment stand off. For in the end, in any civilised society, law and order has to prevail, anarchy is the road to nowhere.
 
  So as severely damaged Euro States try to bite the bullet, so-called draconian measures hurriedly cobbled together,  prove unlikely to be draconian enough. The Euro-inspired expansion bombed and economies zooming off into the stratosphere like moon rockets on the back of a crazy bubbles, suddenly ran out of fuel. When the impetus inspired by crazy lending fizzled out, as inevitably it must, the pit props put in place proved to be insufficient, so collapso rears its ugly head once more.

  The false dawn proves that those thought to be the Jeremiah’s will always be right in the end. For they are the realists, those who were labelled cynics. For in the real world a cynic is merely someone a pessimist calls a realist, as it becomes blindingly obvious that there’s only one real truth and the Fiddler calls the tune.

Watch this space, I’ll be back!

Tom.