Wednesday, August 18, 2010

Thin margins

My life is getting run on ever thinner margins. The global slowdown and recession took away all my room to manoeuvre, and any room for error. Like many people I am in daily worry about letters from the bank and credit cards. In theory I am a lot better off than many people. I worry for them.

These are hard times. Which is a cliche, and easier to say if you are the multi-millionaire, Eton educated son of a multi-millionaire. Harder for those of us with no safety net. The people that the banks, in their wisdom, are now screwing with high interest rates and no opportunity to change to another provider because of their tightening of credit controls. We are paying interest rates that are double what they should be realistically. They rebuild their profitability, and the rest of us cannot sleep.


Things are scheduled to be brighter. But I worry about rain.

No comments: