So who will benefit from the economic crisis?
October 12, 2008 2 Comments
As with all things, when somone is suffering economically someone is generally laughing all the way the bank (or the stash underneath the mattress which may now be the safer bet).
So who has done well out of the economic crisis? Well all those city types who still get their lovely bonuses including the bosses of some our top high street banks haven’t done too bad have they. Then of course anyone who has a pile of cash who likes can pump money into the market just as it bottoms out will do quite nicely thank you.
Of course there may well be the possibility of those first time buyers who if there are any mortgage product still on offer, could finally afford a house that has been out of their reach for so long.
And of course there will be a few rather rich people who may add to their fortune too.
Clearly Gordon Brown has benefited. From being a timorous cowering beastie he is suddenly striding the world stage, wreathed in smiles, shouting "Follow me".
His poll popularity is increasing whilst the Conservative leaders have no new thoughts except to repeat the bit about not fixing the roof. Cameron and Osborne should call in Redwood and Fallon to explain things to them. As it is they are not an Opposition. They had not even picked up the obvious point that it would be necessary for state-appointed directors of the rescued banks.
You say, ungrammatically "anyone who has a pile of cash who like can pump money into the market just as it bottoms out will do quite nicely thank you". Is this your best thinking? What is "the bottom of the market"? Will it be the same day for all shares?
Do you mean for example will all shares rise on the same day like today?? Have a look for yourself.