I think most of us made that mistake to one degree or another. The effects of cuts has still not hit people. But will this year. And the long term castration of democracy by finance seems to, even now, be largely invisible to people.

Thank you for reading and especially for commenting.

Just wanted to say that I appreciated your interesting and insightful blog.

I agree that things are coming to a head but am only just starting to appreciate just how slowly a macroeconomic train wreck plays out.

I naively thought that things would sort themselves out fairly quickly (a couple of years or so) once the queues formed outside northern Rock. Now I'm thinking of this as one of the earlier moves in a very drawn out chess game!