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Monday, July 25, 2011

Muddlin' through

This seems to be the mot du jour as the US continues to debate the finer points of cutting taxes and expenditure, the Tea Party continues its lunacy, Spanish people take to the streets without there being any young bulls to kill and the spectre of debt knocks at the door of M Sarkozy et Co.

Germany - the former 'sick man of Europe' seems to have shaken off his cold and emerged triumphant, standing tall through the sun roof of his VW as he zooms along the autobahns regardless of rising oil prices. What cares he? He has cash in the bank and the bank has cash in its own banks, and well, so on and so forth.

The UK too seems to have found its feet again, slipping and sliding but struggling ahead nevertheless, free from the encumbersome burden of the Euro and thankful for a nice stretch of water between the island and the continent, or else there would be more political force exerted upon it from Brussels to cough up for the Piigs and the next dominoes in the line should these all collapse.

FTSE100 keeps fluctuating between 5800 and 6000, bound in a range but buoyed by corporates putting out relatively good interims, while gold - ah, gold - shines like a star in the firmament for those canny investors who paid attention to my postings in 2006/2007 and bought it back then.

Too late now for the rest, perhaps, unless you can melt down your gran's old rings in a frying pan.

China is in for a soft landing and on the Eastern front, Japan's equity markets have not been as dire as one would expect, although exo-shocks to the region are still very much on the cards as we head into typhoon season.

As for me, well the money under my bed is now showing signs of strain as the bed itself looks like it is breaking. Depreciation of Norwegian wood stock after six years of wear and tear is having an effect on the resale value of my sofa bed in the secondary market. Home improvements and renovations may need to be a wise expenditure in this market, without being able to get off the first rung of the housing ladder and onto the second.

However, owner of the freehold might not like me adding decking onto the outside of the property and erecting a barbeque/half-covered seating area on the first floor of the flats in which I live. Therefore perhaps I should invest in shoring up the bed until the cash beneath it is safe enough.

Note: of course I've not put £ under my bed. I fear the eroding effect of inflation. Instead, I keep the ex-boyfriend's body under there. It is eroding by itself, but at least it keeps the bed frame from collapsing. The smell might be one of the reasons the resale of my flat is becoming more difficult.

Still - gotta keep muddling through.

Note: of course the ex-boyfriend is not under my bed. I'm not that cruel. I let him live in a cage in the garden.

5 comments:

B34st said...

You told me that gold had topped at $600 and now you have a rotting corpse that you cant get rid of?
Hardly sound financial advice

Buy more gold , also I can probably sell your ex on to a muslim medical centre
Do you have a box?

The Empress said...

I said it was best to WAIT to buy on the dip and not on the high. ALWAYS good financial advice!

I've got rid of the corpse though, sold it to some Georgian mafia.

b34st said...

Try that when you have only paper to exchange
Organs have a value so you could be on to a winner there
I mean livers eetc not Wurlitzers

Trubes said...

HI Ya Mermies, It's high time you took your City hat off and wrote something funny...Bugger the economy let's have a larf...

Di, btw I've started bloggiing again so pop over for the daily doings of Ol' Trubiedo....pleeeese.xxx

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