A serious question for AtW

[AtW]

You mean hyperinflation in Zimbabwe is your fault?

I actually lived through 2700% annual inflation. Do you have any idea what it is like? At the time I learnt economics and it was pretty practical - very few people in this country actually have any understanding of proper economics even if they learn it from books - things that are happening in this country now is the 3rd world stuff that I've seen before.

[snaw]

I actually lived through 2700% annual inflation. Do you have any idea what it is like? At the time I learnt economics and it was pretty practical - very few people in this country actually have any understanding of proper economics even if they learn it from books - things that are happening in this country now is the 3rd world stuff that I've seen before.

So on that basis 13 million Zimbabweans are the most qualified people on the planet to talk about economics. Plus you of course ...

[BrilloPad]

I actually lived through 2700% annual inflation. Do you have any idea what it is like? At the time I learnt economics and it was pretty practical - very few people in this country actually have any understanding of proper economics even if they learn it from books - things that are happening in this country now is the 3rd world stuff that I've seen before.

ahhh - so it was home economics!! Now it is clear.

Shall I start a rcipe thread for you?

[AtW]

So on that basis 13 million Zimbabweans are the most qualified people on the planet to talk about economics.

No, they are not because they have not lived through it yet, they are dieing and inflation continues.

[DiscoStu]

No, they are not because they have not lived through it yet, they are dieing and inflation continues.

You're so full of tulip... You think that living through high inflation makes you a master economist. I think not.

[AtW]

You're so full of tulip... You think that living through high inflation makes you a master economist. I think not.

yawn.

Are you an idiot?

I think you are.

It's not just high inflation - I studied economics in real world, seeing how economical policites work or not, how they backfire, how banks are affected, etc etc etc.

That's why when I looked at Iceland bank I could see dodgy crap that I would not tough with a bargepole despite their attractive interest rates, which was just the point - if they were good conservative they would not offer market beating interests.

--

It cracks me up - this board has got plenty of people who got hit by this crisis already, including Iceland banks, if I am an idiot by speaking against those and not keeping any money in them, then who are the people who went for them? Who are the people who recommended in papers that Icesave rates are good and put money in?

[BrilloPad]

yawn.

Are you an idiot?

I think you are.

It's not just high inflation - I studied economics in real world, seeing how economical policites work or not, how they backfire, how banks are affected, etc etc etc.

That's why when I looked at Iceland bank I could see dodgy crap that I would not tough with a bargepole despite their attractive interest rates, which was just the point - if they were good conservative they would not offer market beating interests.

--

It cracks me up - this board has got plenty of people who got hit by this crisis already, including Iceland banks, if I am an idiot by speaking against those and not keeping any money in them, then who are the people who went for them? Who are the people who recommended in papers that Icesave rates are good and put money in?

Harry Hindsight is always right.

If you had recommended getting into BTLs etcetc for a few years then recommended selling last year - then fine.

Stick to any one economic viewpoint and you will be right - eventually. You might miss out on alot inbetween.

Capitalism will have its day again - and we will be more prosperous than before. Communism will return us to the dark ages for good.

[AtW]

Stick to any one economic viewpoint and you will be right - eventually. You might miss out on alot inbetween.

Wot, like saying that giving loans to people who can't afford to repay them is a bad economic viewpoint?

What's the good one - telling those people that they get cheap teaser interest rate for 2 years and after that they just re-morgage with one of the many providers so their morgage payments won't increase? That's sound strategy!

[DiscoStu]

yawn.

Are you an idiot?

I think you are.

It's not just high inflation - I studied economics in real world, seeing how economical policites work or not, how they backfire, how banks are affected, etc etc etc.

That's why when I looked at Iceland bank I could see dodgy crap that I would not tough with a bargepole despite their attractive interest rates, which was just the point - if they were good conservative they would not offer market beating interests.

--

It cracks me up - this board has got plenty of people who got hit by this crisis already, including Iceland banks, if I am an idiot by speaking against those and not keeping any money in them, then who are the people who went for them? Who are the people who recommended in papers that Icesave rates are good and put money in?

If you knew even half as much as you claim to you'd have made millions by now and wouldn't be posting on here. Nuff said.

[BrilloPad]

If you knew even half as much as you claim to you'd have made millions by now and wouldn't be posting on here. Nuff said.

Or be like DP - make the millions than tell us all about it!