And while New Zealand wakes up to arguably one of the worst budgets in the last twenty years (Ruthanasia anyone) and even kids with a holiday job have to pay tax so the rich can continue getting richer while everybody gets poorer here is what is happening in the rest of the world.
In a spectacular show of financial ineptitude Spain has discovered and massive $ 28 Billion debt which for some reason had escaped their scrutiny. Greece is getting more and more confused with 80% wanting to stay in the Euro while 30% want to vote for Left wing anti Bail out Syriza.
And in what should come as no surprise to my readers is the conclusion that bankers in general but JP Morgan Chase especially are addicted to
Gambling the Derivatives trade.
This should worry anyone because the same JP Morgan Chase opened a wholesale window here in August 2007, a year before John Key was elected for the first time.