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Hard Brexit now!
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An expert from Barclays advises and predicts. How much did they lose in subprime again?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.” -
Maybe he's right. Wouldn't that be nice?
Ducks for cover and prepares for flame attackAnd what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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If he's right it's very bad news. The assumption then would be that the current financial model ( excessive lending, living off credit) is sustainable and that no great consequences accrue from such behaviour.
Plus house prices haven't fallen by nearly enough ...
However as I mentioned in a thread a few days ago, I have a feeling he may be right, but for all the wrong reasons - never in history has so much money been thrown at a downturn. This is not a natural business/consumer driven recovery.
So it will just lead to further problems down the line.Last edited by sasguru; 26 March 2009, 09:48.Hard Brexit now!
#prayfornodealComment
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It would be bad news in so much as, if we get away with it this time, we are only saving it up to be worse further down the line.
More likely we are just into the "Bull Trap" phase of the bubble cycle.
See pic.
http://www.marketoracle.co.uk/images...p_image001.jpgThe Mods stole my post count!Comment
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The more cabbage and beans people eat the faster we will reach the 'blow off phase'.Originally posted by Pickle2 View PostAnd what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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In that case, im doing my bit for humanity for once.Originally posted by Mich the Tester View PostThe Mods stole my post count!Comment
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Good analogyThe 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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I am inclined to think that the UK Government at the moment is like a person who has been on a colossal spending spree with their credit card.Originally posted by sasguru View Post
They don't know how big the bill is going to be, but they know it is going to be big and are dreading the moment it lands on the doormat because they are not sure that they are going to be able to pay it.Comment
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