Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Friday, November 27, 2009

Recession? The penny hasn't dropped yet!

Yesterday most financial commentators were beside themselves because Britain is still in recession. I don't give much credence to all their computer calculating and number crunching excercises. I prefer a more simple method of comprehending whether we are out of recession.

When Gordon Brown was over-gulping on the air and telling us that he had abolished boom and bust I regularly spotted coins dropped on paths and pavements as I walked about. Outside the post office, in car parks, by the telephone kiosk, outside the boozer and so on. I once picked up a pound! Then we had the start of the credit crunch and the pennies stopped dropping from heaven or wherever. I still peer at the ground. Once in a blue moon I spot a coin. But it's a rare occurrence.

When those coins start being dropped again with gay abandon and caution being thrown to some economic growth wind I will believe that we are out of recession. Until then, it's just a hard slog and a determination not to say too many rude things about bankers and Brown!
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