Doomfest

[DimPrawn]

http://www.dailymail.co.uk/news/arti...-16-years.html

Economy outstrips forecasts to shrink by 0.5%

FTSE plunges almost 9% as data is released

Downturn 'will be worst for 50 years', expert warns

It's a 'once in century credit tsunami', says Greenspan

Asian markets tumble for a third day amid global fears


Enjoy!

[Mich the Tester]

http://www.dailymail.co.uk/news/arti...-16-years.html

Economy outstrips forecasts to shrink by 0.5%

FTSE plunges almost 9% as data is released

Downturn 'will be worst for 50 years', expert warns

It's a 'once in century credit tsunami', says Greenspan

Asian markets tumble for a third day amid global fears


Enjoy!

It’s all a bit of a self fulfilling prophesy. Idiot bankers with MBAs instead of an education lose money lending to people with no income, then stop lending to healthy businesses and people with decent credit records, hey presto, economy goes down the tubes. Idiot bankers panic and sell off shares because companies might no do so well, pushing down share prices so idiot bankers discover their investments are worth less, so they can’t lend any money to healthy businesses and people with decent credit records, so economy goes even further down the tubes.

Root cause; idiot bankers with MBAs instead of an education, who could be replaced by monkeys without MBAs, but who might not panic as soon as they see a graph that looks like one their great grandparents saw in 1929.

[Bagpuss]

I think we've missed a downturn in the economic cycle thanks to the credit boom. This is why this downturn will be so bad, it's a double whammy!

No more Boom and Bust? Perhaps that's the only way to stop things getting out of control, the natural way of things. Certainly seems better than Boom Boom BUST.

[chicane]

The downturn is so bad this time that the BBC have commissioned a special logo for it:

http://news.bbc.co.uk/

[Cyberman]

I think we've missed a downturn in the economic cycle thanks to the credit boom. This is why this downturn will be so bad, it's a double whammy!

No more Boom and Bust? Perhaps that's the only way to stop things getting out of control, the natural way of things. Certainly seems better than Boom Boom BUST.

You are quick !!

[swamp]

Volvo today came up with some of the worst figures of the global recession yet. In the third quarter of last year it took orders in Europe for 42,000 trucks. In the same three months this year, it took 115.

Doomed!

[Bob Dalek]

You are quick !!

I imagine old Baggy had to have a lie down and a w@nk to get his heart started after taxing his unicellular brain so violently.

[JoJoGabor]

Doomed!

Volvo today came up with some of the worst figures of the global recession yet. In the third quarter of last year it took orders in Europe for 42,000 trucks. In the same three months this year, it took 115.

Good job the bad guy in Swordfish played by John Travolta died then instead of investing all his swag in buying 10% of Volvo like he planned

[thunderlizard]

The downturn is so bad this time that the BBC have commissioned a special logo for it:

http://newsimg.bbc.co.uk/media/image...small_v2_2.gif

Kind of cute isn't it?!

[thunderlizard]

The BBC downturn logo has disappeared! Haven't seen it since the weekend - it only lasted 2 days. It was only in ever so slightly poor taste.