Goat Friday

click to enlarge  —  image source washingtontimes.com

Goat Cheese Salad

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It will be all our fault

There's a recession on the way (as if we didn't know). Doesn't matter how it came into being, doesn't matter what business does and it doesn't matter, seemingly, what government does. You see, Stephen Walters, at JP Morgan, has decided it will all be our fault. It all comes down to what money we "punters" will get from the Rudd government's incontinent stimulus package and - more to the point - what we do with it:

The growing risk … is that distressed households, whose indebtedness is at an all-time high … use the windfall to repay debt or boost precautionary savings, rather than rush to the shops

I suppose if business did that it might be considered prudent?

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the shipwreck coast

click to enlarge — imarge by jarcob

Eagles Nest
seen from The Caves
near Inverloch, Victoria, Australia

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