Tuesday, January 20, 2009

Seriously Alarmed

This is the title of an article in today's Telegraph. The author, one Ambrose Evans-Pritchard, has his photo on the page and he's smiling. The article is anything but amusing so perhaps he should change his stock photo.

That aside, the article carries some stunningly bad news about Sterling and the UK economy. But Mr E-P, I have to ask you a question. How is that you, along with everyone else in the City of London, never saw this coming? Which ever way you answer the question, shame on you.