Thanksgiving turkey
I really don’t like Robert Peston. It’s not yet pathological, like it is with Campbell, but the sheer crap this man spouts takes some beating. Take his latest treatise:
Although Woolworth had been one of the UK’s weaker retailers for years – propped up by a decade of benign, debt-fuelled trading conditions which we now know to have been unsustainable – it was done in by a sudden deterioration both in the real economy and in financial markets that took hold four weeks ago.
“…debt-fuelled trading conditions which we now know to have been unsustainable…”
“…which we now know to have been unsustainable…”
“…we now know…”
Do you see what I’m getting at?
Here’s a man who is employed because of his supposed expertise in business affairs.
And he is seemingly admitting that, until four weeks ago, he didn’t know that living on tick was no way to run a chip shop, let alone the global economy.
And for this stunning lack of insight, he must be trousering at least £75,000 a year in taxpayers’ money for his day job and supplementing that significantly with books and public speaking events.
Come to think of it, maybe he does know a thing or two about business after all…