I remember once when I was at the BoE as a result of some research I had done I wrote a note on the parlous state of some UK insurance companies. I was amazed the people who then approached me to say if the insurance office they had their funds with was in trouble! They were not bothered at all about the systemic risk to our financial structures which was why I had written the note!
Alan Wood sent me a copy of a rather amusing variant on the flogging a dead horse syndrome that is currently in vogue in Brussels
The Dead Horse Theory
Many a true word is spoken in jest! Many horses died in Napoleon's retreat from Moscow but maybe Sarky has not read his history. General Winter defeated Napper and Adolf. I hope the economic winter will defeat Sarky and Merky.