Seriously doomed

[DimPrawn]

I enjoy a good doom 'n gloom story as much as the next guy (including guyess), and Ambrose Prichard is a pro. But at the end of the day, even if they/we collectively end up "losing" a trillion dollars, the total value of Western economies is probably something like (say) ten trillion dollars. So that's only a 10% drop, which given annual expansions in GDP equates to ending up up back where we were only three or four years ago. Or am I being naive?

What's a $1,000,000,000,000 worth these days anyways?

[HRH]

bring back maggie.

You won't here any complaints from me on that one!

[Lucy]

What's a $1,000,000,000,000 worth these days anyways?

Hi Prawny

[DimPrawn]

Hi Prawny

[Lucy]

[DiscoStu]

What's a $1,000,000,000,000 worth these days anyways?

About 3% of my total wealth.

Threaded

[Marina]

Something else I noticed if you look at the ARM (adjutable rate mortgage) reset graph in the article is that it's peaking about now, and in two or three months starts declining sharply.

So if Western economies don't head back to the dark ages within the next few months, and the malign effects aren't too cumulative, with a kind of snowball effect, it appears the crisis will be largely over the worst, albeit with quite a few casualties.

[DodgyAgent]

Something else I noticed if you look at the ARM (adjutable rate mortgage) reset graph in the article is that it's peaking about now, and in two or three months starts declining sharply.

So if Western economies don't head back to the dark ages within the next few months, and the malign effects aren't too cumulative, with a kind of snowball effect, it appears the crisis will be largely over the worst, albeit with quite a few casualties.

By the way Marina, how's Troy Tempest, havent seen him for a while?

[milanbenes]

Ahh DA,

just the man we need.

Folks, I reckons that a beeeskneeees like DA's could be just the barometer needed during these uncertain times.

If DA's business is doing well then everything is fine.

If DA's business is doing bad, then yep, the situation is bad.

How's it looking out there DA ?

Milan.

[DodgyAgent]

Ahh DA,

just the man we need.

Folks, I reckons that a beeeskneeees like DA's could be just the barometer needed during these uncertain times.

If DA's business is doing well then everything is fine.

If DA's business is doing bad, then yep, the situation is bad.

How's it looking out there DA ?

Milan.

Thanks for asking Milan. To be honest I havent got a clue. we are still in business and I think in the right areas of business.. Oil & Gas, Civil Infrastructure, Wind Turbine and power Industries in general. We are no longer in banking or retail. The porn division is doing fine now despite losing my major client (RIP Paul )