Monday 10 September 2007

IMF chief agrees with Big Herb

The managing director of the International Monetary Fund, Rodrigo de Rato, has said that the global economy will be stable in the medium term, even though there may be short-term pain due to the repricing of risk in the financial markets.

As Big Herb told me recently, there is no need to panic about the markets. Everything is going to be all right. People seem to forget that Big Herb is a money god. It’s only natural that he should have a greater insight into the problems of the markets, and have a better chance of finding solutions. I still maintain that if you pray to him on a regular basis, not only will you be able to make more money in your working life but you will also become spiritually enlightened. Isn’t that what we all want? Great wealth and spirituality. Or have I got that terribly wrong? I don’t think so.