3 comments on “Timmy Elsewhere

  1. I wasn’t confused or surprised because I applied the well know PI factor to the original estimate.

    Whenever Govt gives any costs for a major project multiply by PI and you wont be far off the final cost.

    So, if the costs of the olympics have doubled this means there is still a long way to go before we get the final bill.

  2. I’d have thought you’d be a the ‘market knows the ‘correct’ level of interest rates better than the State’ person?

    Tim adds:Possibly, but given that the State actually sets the basic level of interest rates, this won’t happen, will it? LIBOR is showing the market’s rate “above ” that basic rate.

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