Dr Doom opens up another front for the economic pessimists and warns about Iran

January 30, 2012

Gotta tell The Boss we are under threat – when it comes to the economy, the budget deficit and all that – from a new quarter.

The Boss and his advisers remain relatively chirpy but are a bit bothered about what might happen in Europe.

As he said in his State of the Nation speech the other day, the Government is still on track to get back into surplus in 2014/15 but it would push out the date if the global economy went into meltdown.

The upcoming Budget Policy Statement in February will forecast a surplus in the range of $300 to $500 million, he said.

But referring to the possibility that the Europe debt crisis could push the world back into recession, he said: “If the absolute worst happened and there was a major shock to the global economy, the Government would look at whether retaining that surplus target would actually harm the economy by forcing a sharp reduction in demand…”

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The RBS’s ex-boss is branded Fred The Bed as another banker becomes better known for bonking

May 21, 2011

Sir Fred and Lady Joyce will have plenty to talk about when they get home.

Alf has never been too fond of bankers (and he hopes Mrs Grumble shares his aversion to the buggers).

But when he said they were bonkers, he was referring to their feeble grasp of his finances when they turned down his application for a loan.

It seems they are bonkers in more ways than one.

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Bishop’s Slough of Despond

January 30, 2009

Alf has gone back to Radio New Zealand National’s infamous bunch of prattlers, The Panel, to pluck out another gloomy-guts to be punished for spreading blarney about our economic outlook.

Are they staffed with subversives at Radio NZ, nowadays, he wonders – broadcasters on the lookout for economic pessimists with the gift of the gab to spread their dyspepsia?

The outlook is bad enough without the depression from a bloke called John Bishop Read the rest of this entry »