Tuesday 24 April 2018

Eddie Hobbs: A post-bailout restoration is upon us

We're emerging from the bailout with employment apartheid -- the legacy of an insider deal with the Troika

Eddie Hobbs
Eddie Hobbs

Eddie Hobbs

HAVING agreed to carry the scorpion across the river, the fox felt the sharp sting of its poisonous venom halfway.

"Why did you paralyse me? Now we'll both die," said the fox as his strength fled, to which the scorpion replied: "I couldn't help it -- it's in my nature."

In theory the scorpion shouldn't have killed its host during the crossing, but it did. Economic players aren't rational and long periods of stability inevitably lead to instability as excesses build up -- the stuff of crashes. In other words, collectively, we eventually go nuts.

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