“She was a Stradivarius of an Airplane!”
Some marvellous stuff in the papers this morning and on the screens – slight delay to the porridge this morning is because we watched the USAF RAF flypast from Sheffield. What a wonderful story; in 1944 a damaged B-17 with 10 young airmen onboard crashed trying to avoid a bunch of kids playing football in the public park. 75 years later and one of the lads is tending their monument every day. Heart-warming stuff.
Responses to y’day’s porridge gave me a pretty high score of “Blain’s an Idiot” over my comments on buying European sovereign bonds and credit “because its’ the most functional and successful Ponzi scheme of all time…” One pedant explained it’s not a Ponzi because “the first in are also likely to be the biggest losers”! A senior German banker could not understand my confusion on the issue – the ECB has demonstrated its European credentials by permanently injecting TLTRO money into the financial system, and renewing the facilities in perpetuity will provide solid foundations for the European banking markets. I guess he meant: “Get over it”. I was also accused of being typically Anglo-centric, and once more failing to understand Europe. Guilty as charged I supposed.