Hi Peerless & WW

First thing WW, although your PM will be blamed for the hike in interest rates in reality it is actually nothing to do with him. It is basically how financial institutions work, especially in the western world, and how they buy and sell debts between each other.

And Peerless, I believe speculators are little better than parasites. They appear when prices are low and through various dubious schemes push up prices and then hope to cream off the profits before the regulators can catch up with them. Speculators behave like locust and do nothing for the community they descend upon other than to strip it bare.


UK Bob