Tim Price: Hand to hand combat with Martin Wolf
Comment of the Day

May 09 2012

Commentary by David Fuller

Tim Price: Hand to hand combat with Martin Wolf

My thanks to the author for this most original of letters. Here is the opening which often starts with a provocative quote before moving on to the serious subject:
"James and I both have Range Rovers for running around, but he's also got a black Lamborghini and a black Rolls-Royce, and I've a white Ferrari and a white Rolls-Royce.. I'm bored with designers like Dolce & Gabanna. I hate it when you know what label a person's wearing - it doesn't say luxury, it feels a bit Russian and cheap.. I don't live in a bubble though.. I clear out my clothes every few weeks and send them to Croatia.. Our bedroom's actually more like an apartment, with its own kitchen, bathrooms, lounge, dressing rooms.."
- Petra Ecclestone, keeping it real in The Sunday Times ('It's not easy being this rich').

On balance, if somebody had to all intents and purposes suggested to me that the entirety of my career had been a complete waste of time, I suppose I would have taken it somewhat to heart. So credit is due to the FT's Chief Economics Commentator Martin Wolf simply for responding to my unsolicited email last week. But I get ahead of myself. Here are some excerpts of what he had written earlier in the day in the UK's leading financial journal ('After the bonfire of the verities'). Red-rag-to-bull segments are highlighted in bold red.

David Fuller's view I think most subscribers will be as interested in the email exchange in Tim Price's letter as I was.

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