With all this financial excitement I almost forgot that there was a real economy out there. Today, we had the unemployment number for August. It is climbing alarmingly, and should cross the one million mark either this month or next.
Unemployment climbed 53 thousand last month. It is up 138 thousand since November last year, which was about the time that house prices started to crash.
What was that old sound bite from the dear leader? Nae mare booom n'bust.