Banking on Gordon

Thanks to Scott Ferguson for pointing out this article on his blog. Ladbrokes have offered a market on the words Gordon Brown uses in his speech in the US.

I would have thought 'Special relationship' is the banker. 'European Union' has to be mentioned, for political reasons. 'Hard working families' looks good value as does 'protectionism' which is almost certain to be mentioned. With the weather dominant on the East coast 'Snow' has to be worth a shot as a comedic opener. However I think the real value bet is 'Keynes', I think Ladbrokes have mis-priced this at 20/1. I studied Keynes and his work a few years ago, read more here. With the BoE likely to drop rates to a mind numbing 0.5% this week in the UK, the only option left to the world leaders to turn this thing around is Keynesian style stimulus. Obama is embarking on this already. Keynes thought interest rates were exercises in string pushing and felt that the world wouldn't have suffered such a depression in the 30's if they had followed a strategy of public works spending, he was also very critical of the protectionism during this period. I don't know how long Gordy has but if it is long enough, you would have thought there was a reasonable chance he would reference Keynes as justification for a number of policies. I think I will have a little punt on some of these.