Still here

Todays P&L: GBP -380
Todays Booze: 4 tins of Stella Artois

Quite a light drinking day for me, but then I am under doctors orders! Since the last time I blogged I have been hospitalised, the quacks think it is my excessive drinking - but that can't be, drink is my best friend - it has never let me down before.

I can't get a grip around these markets - it seems the end is nigh, I mean who would have thought that the UK would have to partly nationalise 3 of the largest banks? And what about our American cousins, America the home of capitalism, well it might seem that the nationalisation of Fannie May and Freddie Mac and AIG, (nationalisation in all but name), smacked of socialism. Look deeper however and you will see the truth of capitalism. Paulson and the increasingly clownish Bernanke are bailing out the rich overpaid bankers and excessively wealthy and springing the bill on the doltish middle-class. The people who are losing the most in this financial crisis are the soft underbelly of American society. It is the same in the UK but it just staggers me how easy it is to bamboozle supposedly educated people into beliving this is the best way this could be handled.