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The club fee deficit being run up by CCC star Mudassar Amin could pose a long term threat to the global economy, forecasters have warned. Compound interest could mean that the fees, currently totalling around $40, could lead to a balance of payment deficit of $20 trillion by the end of the decade, plunging the global economy into prolonged recession.
"The longer the fees go unpaid the more serious the problem," revealed CCC chief economic spokesman Roger French. "As the deficit grows so does the interest rate, which increases exponentially. In the long term it can place an unbearable burden on the economy."
Apart from the compound interest, French reveals that a further problem is his inability to re-invest the club fees. "It's a double whammy. Obviously I would like to pump prime the economy by ploughing the club fees back in, perhaps through the purchase of new cricket balls and that. Without the fees I simply have nothing to reinvest."
French reckons the first casualty of the club fee crisis could be cricket supplier Just Sports. "If, or perhaps when, Just Sports closes, that could well be the trigger for a global recession that could last for years. All I can see beyond that is a kind of post-apocalyptic Mad Max landscape, perhaps ruled by Yorkshire. 'Appen I don’t want to put any undue emotional pressure on t'lad, an’ all."
The FTSE 100 index was down several points at the end of trading. The Dow Jones was expected to follow suit later today.
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