Easy come, easy go…

Oh dear! it looks like the economy here is well and truly f#$%ed. Thanks to the Russians the exchange rate has recovered slightly, costing me quite a considerable amount of money, as I had just moved all my savings into uk pounds from krona in light of the rapid drop over the last few days. I tried to move it back this morning before the huge injection of currency, but it wasn’t possible. So, a very expensive day so far for me. That will teach me to try and be a currency trader…
From the sound of it we are now set for higher prices, high inflation and no bank lending (or possibly no banks..). Interestingly it seem that the Govt. will be taking over the house loans, but there is too little information to be able to decide if this will be a good or bad thing. I give our company about a 40% chance of surviving the next 12 months..

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