Back
Real economy-Futures economy (09/12/2008)
Työvoimatoimisto

Today I visited the employment centre, as I had been laid-off – a difficult character, you see, an eccentric personality. Then again, I was accompanied by a couple of architects and structural designers, probably equally eccentric personalities. Cold winds are blowing, as the manager our only target project said: all financing has dried up as orders from Europe hit a brick wall.

If this government of ours is pumping in money, where might it be going? If you ask me, financing at normal interest should be made available for companies operating, for example, in construction business.
Whereas we now have this lack of confidence.

I borrow a fiver from you and I pay you back right away when I must pay the bloke in the neighbour some advance because he sorted out the snowploughing after all and he asked for an advance payment as the actual pay day would have been tomorrow and he was anxious to go for a beer.

The current interest rates on loans match those in the 1990s.

What happened to loans with basic rate of interest in these futures markets? What springs to mind is the very image of greed destined to froth. They make-believe that the market will grow in some futures. I hope there will be a real economy sometime, that is, in squirrel skins and some other things hoped by the WWF.