24 February 2011

Excrement hits the fan

Source: BBC website

I see that the price of Brent crude now exceeds $116 per barrel. I surmise that this means we're in trouble. The price of petrol will reach horrifying heights, inflation will zoom on upwards, the Bank of England will increase interest rates and the long awaited economic recovery will vanish like snow off a dyke.

Never mind. If you're an RBS banker, you can look forward to a handsome bonus, despite the bank's continuing losses. Otherwise we're all in this together.

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