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A mixture of sad and pathetic

Moody’s have reduced the UK government’s credit rating from AA1 to AA2. Their argument is that Brexit will make it harder for the UK to repay.

This is surely nonsense since all the Chancellor of the day has to do is take out his pen and sign a few cheques. Any fool can do that since the Chancellor can be certain that HM Treasury’s cheques will not bounce. Of course such an action may lead to inflation but the creditors cannot claim that they have not been repaid.

I expect Moody’s are in the pay of the Remainers. It’s hard otherwise to see what the basis of their argument is.


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Sadiq Khan seeks to stop Uber trading at ten days’ notice. He must be mad.

Yesterday’s SunTel reported that a competing firm, Lyft, has been in touch with TfL to provide a similar service and, no doubt, TfL thinks that this justifies TfL’s conduct. It’s a mixture of sad and pathetic.

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A relation is a pilot with Ryanair. As he describes matters, Ryanair have treated their staff contemptuously. Apparently O’Leary compared pilots to lemons which were squeezed of all juice and then thrown away. This is all very well but should the pilot worms turn they might be really vicious: it is not wise to be contemptuous of sincere endeavours. What is worse for Ryanair is that its customers may have had enough of Ryanair’s attitude as well.
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Finally, there has been extensive anti-bitcoin commentary of late. I would have gone along with it were it not for the fact that seemingly it is impossible to print off bitcoins at will – i.e. the issue really is restricted to 21m. You have to believe that this is the case to buy bitcoin. Some do and others do not. I fall into the first category.
 
If bitcoins really catch on as a crypto currency the price can go anywhere. The answer is probably not to put in too much money. Now a little under $4,000.
Evil Knievil: