Its all Greek to us……..

The riots & violence in Greece are a possible foretaste of what is to come in the U.K as we stand on the brink of  the most important election for over 30 years.

Whoever wins we should not fool ourselves, we are in for a period of huge change with severe public spending restrictions which will affect millions of our citizens.

This is not the fault of any individual or even as a result of the actions of a bunch of investment bankers. Capitalism is cyclical in nature and some of us have seen it all before to one degree or another. Boom and bust is the nature of the game. We have been very fortunate to live through a period of sustained growth with low interest rates over the last 13 years.

However, inevitably, this created a huge bubble in the U.K & U.S housing markets which was built on highly leveraged debt.

It was inevitable that a crash would follow and now is the time to pay.

Let us hope that whoever wins the election apportions the pain equally & as fairly as possible and that we can avoid the tumult which is currently sweeping across Greece.

We certainly do live in interesting times.

chris@projectsguru.co.uk

www.projectsguru.co.uk

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