Inflation above 5%, unemployent rising, house prices in free fall, inter bank lending still expensive, effects of the impending recession yet to be really felt.
Can't be good for confidence that.
Can't be good for confidence that.
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if this derivative unwind is really worth $300 trillion then time to head for the hills and live in a cave.Originally posted by AlfredJPruffock View PostComment
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... maybeOriginally posted by DiscoStu View Post
the inflation cause by all this money that has been injected into the system
slowing economy ......How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
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"We hang the petty thieves and appoint the great ones to high office" - AesopComment
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Don't worry peoplesss - everythingss going to be just fine fine fine - keep on buying the sharesss and the housess my preciousesss - dont worry about the nassty Death Star ...yesss ... invesst...trusst in me ...Originally posted by Andy2 View Post
Last edited by AlfredJPruffock; 14 October 2008, 11:16.Comment
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Yup, much worse to come and Captain Gordon will steer us through those looming 'icebergs'.
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The figure of $300 trillion can only be described as scaremongering.Originally posted by Andy2 View Post
The actual figure is $516 Trillion dollars.
Derivatives grew into a massive bubble, from about $100 trillion to $516 trillion by 2007.
The new derivatives bubble was fueled by five key economic and political trends:
1 Sarbanes-Oxley increased corporate disclosures and government oversight
2 Federal Reserve's cheap money policies created the subprime-housing boom
3 War budgets burdened the U.S. Treasury and future entitlements programs
4 Trade deficits with China and others destroyed the value of the U.S. dollar
5 Oil and commodity rich nations demanding equity payments rather than debtLast edited by AlfredJPruffock; 14 October 2008, 11:23.Comment
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When we have large numbers of forced house sales.Originally posted by DiscoStu View PostCats are evil.Comment
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I know the news reports all these things but I don't know anyone who's lost their job, avarage house prices have dropped little more than 10% and I still get credit offers through the door daily.Originally posted by M_B View Post
Chin up.
Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave JohnsonComment
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We aren't even in recession yet. The service industry will be hit hard as people cut back on the luxuries. A further dip yet when we are confirmed to be in a technical recession.The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”Comment
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Like it. Better in a huge font though. I say buy or possibly sell or drink heavily on prescribed medication.Originally posted by AlfredJPruffock View PostBored.Comment
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