Listening to the news whilst travelling this morning, and heard that the comments by the Governor of The Bank Of England saying that we’re ‘heading into a recession’ had caused share prices to plunge.
Why is this imbecile allowed to get away with it?
A recession is caused – at least in large part – when traders start getting worried and the stock market crashes. After the Governments around the world have tried to bolster the various economies by injecting huge sums of cash, what does anyone expect will happen as soon as some Hooray Henry in a top job opens his idiot mouth like this?
Every time someone reports a recession is on the way the markets crash. As soon as they shut up, shares start to rise and retail prices start to fall. Surely the morons have realised this by now?
Or maybe they HAVE realised it and are merely trying to make a name for themselves to show off to their wives… “Look at this, dear! I caused this. Now, let’s get in the Bentley and be driven to Harrods to buy a few more Fabergé Eggs while no one else is buying them”.