WHEN IN A HOLE, STOP DIGGING.

Following a recent blog on our other channel ' Brussels! Good ForYou?(http://europeanfantasy.blogspot.com), in which we highlighted the change of heart by the International Monetary Fund, with the boss, Christine Lagarde, now suggesting that the United Kingdom changes tack and eases up on the austerity 'CHASING THE DEBT MkII'. This has been triggered, evidently, by Bill Gross, who runs the world's largest bond fund, Pimco. The plot thickens; when considering what the same Bill Gross had to say in 2010, that Britain was "resting on a bed of nitroglycerine", due to the mountain of debt left by the last Labour Government.

Perhaps Bill Gross sees here an opportunity to make a healthy profit, by betting one way or the other. It would be difficult to imagine that Warren Buffet would run with his suggestion. It was Buffet that compelled the author to read 'When Money Dies',  by Adam Fergusson, which describes in detail how a national economy loses its credibility, as was the case with Weimar hyper-inflation, following the first world war.

THEORIES GET YOU NOWHERE, ASK THE MODERN GERMANS.