Wednesday, January 6, 2010

Gordon Brown is actually Santa

Amazing christmas sales, no?

Well, word is out that that in December the US Treasury dished out almost 70% more on social security and unemployment insurance just in time for christmas shopping. Here's the US month on month chart for combined social security and unemployment insurance:

Some people might think that mighty generous and well-intended. Others who know about markets will know that if christmas sales went down there'd be panic in the retail sector. Retail christmas sales are considered a key economic indicator in our 'consumer economy'. If sales went down the idea of a recovery would be laughed out of the public court.

Given that Gordon Brown gets up to all the same nonsense as our cousins over the pond, do you think he may have pumped more printed money into the system just in time for christmas? And months before the coming election?

He really is Santa!

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