Thus The Guardian today. “Interest rates have been unchanged since the Bank of England slashed them to half a percent in 2009,” elaborates the newspaper, “but could now rise sooner than expected.” And the news comes from no-one else but Mark Carney, the Bank’s governor. As far as I am concerned, this is wonderful news. By comparison with so many morons out there, I am not living on credit. In fact, my savings now produce next to nothing by way of return, and the Bank’s action would be much appreciated on my part. All of a sudden, my savings would come alive once again. Having been punished for my prudent economic behavior ever since the global financial crisis, I am pretty angry with all the morons who have abused the banking system for years. Living on credit is not my sort of thing, anyhow. But being punished for my prudence is outright revolting after so many lean years. If there are any victims of capitalism gone crazy, I am surely among them. Morons of the world, do not live beyond your means!

Addendum (June 24, 2014)

The pound has been strong ever since Carney’s pronouncement, but it has dropped quite precipitously earlier today. Why? “Carney damps expectation of rate rise,” blares the Financial Times today. “Strong growth must be weighed against low wages and productivity,” explains the newspaper. In short, the mighty governor is all over the place. What will happen with interest rates is anyone’s guess, that is. Morons of this world, do as you please! You are lucky to have Carney on your side.