Thursday, 2 October 2008

The upside of the downturn...

That nice Gavin Esler off of The Newsnight emailed me with this from his friend Lucy, which is worth repeating here:

If you had purchased £1000 of Northern Rock shares one year ago they would now be worth £4.95; with HBOS, earlier this week your £1000 would have been worth £16.50; £1000 invested in XL Leisure would now be worth less than £5; but if you bought £1000 worth of Tennents Lager one year ago, drank it all, then took the empty cans to an aluminium re-cycling plant, you would get £214. So based on the above statistics the best current investment advice is to drink heavily and re-cycle.

Will's Pub Guide has always maintained that Newsnight is the source for the finest economic analysis and heartily endorses their recommendation. But still prefers to get its news from The Colbert Report and The Daily Show...