MONEY MONEY MONEY
Quantitative easing seems to be the phrase de nos jours - it’s really just a fancy way of saying we’re going to print more money. As we saw this month with farmers sleeping out overnight to get some meagre grants for farm equipment, times are tight at the moment. As many commentators seem to be saying though, tight times lead to ingenuity and new ideas. It’s all just part of the cycle, “man“. Another phrase that keeps popping up is “uncharted territory” - basic code for “we haven’t got a clue!” One economist, John Simpson, said the recession was an "unstoppable steamroller", leading to many more job losses. Mr Simpson said Northern Ireland would "probably not" experience as deep a recession as the rest of the UK."Current government spending is higher proportionately and the farming and food processing sectors are less volatile," he said. Hmmm, and what do we think of what economists say these days?