Sunday, 7 December 2008

My Cedit Crunch Analogy

The banks are the pushers. Gordon Brown is the Colombian Cartel. We are the junkies. The markets are the Drugs Squad.
Brown had a bumper crop of cash (which he also watered down) and sold it to his pushers, the retail banks, at a knocked down price. The pushers got us hooked and we (well, some of us) mainlined on credit.
Unfortunately the Anti Narcotics Police, in the guise of the markets, mounted a successful raid on the Colombian Cartel's drug farms and factories and the supply dried up.
Now comes the cold turkey.

1 comment:

Mark Wadsworth said...

I'd dispute the "we" in that post. You may be referring to "some of us" or even "most of us" but I (along with many others) have an almost biblical aversion to borrowing money.