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Thursday 18 August 2011

Masters of the Universe - a rant.

Ah yes, bankers.

The Masters of the Universe, as Tom Wolfe described them: and I didn't notice any of them arguing at the time.

But now, of course, everyone is arguing, both about what's going on, and how it can be stopped.

This is Ian King, business editor of The Times, on the subject of a recent panic: “just six words did it: ‘you will see what we will do’.”


Good grief, and that's someone who's supposed to understand all the figures.

 Still, at least some experts have words of comfort for us:

 ‘The economy may not be as bad as we thought,’ said Joseph Trevisani, chief market analyst at FX Solutions, not long ago, ‘but it is certainly not better.’

Ouch. If that's the quality of the financial experts' thought then I suppose all we can do is crsos our fnigres.*

 Word To Use Today: banker. This word probably comes to us from the Italian word banca, which is a bench or a money-changers’ table. There’s an Old High German word banc which means bench, too.

*Or, this is a bit of a long shot, but I understand that St Matthew is the patron saint of bankers...

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