Reply to: Slowdown nowhere near great depression levels

[threaded]

So the stock markets have yet to catch up with reality?

That's it son. Well, kind of. Reality will catch up with them.

[BrilloPad]

Yeah, IMF reckons you are correct. Not!

http://www.telegraph.co.uk/finance/e...IMF-warns.html

The world is now in the grip of the "great recesssion" and global economic growth could dip below zero for the first time in sixty years, said Dominique Strauss-Kahn, the head of the IMF.

So the stock markets have yet to catch up with reality?

[DimPrawn]

From Reuters

The current bear market in US: peak-to-trough Dow Jones Industrials is down
53.4 percent in 73 weeks. According to analysts at Bank of America/Merrill Lynch Research, this bear
market is already the second-largest since 1930s. But both the 1973-74 and
2000-02 bear markets were longer. The Dow Jones would need to fall 77 percent over the next 76 weeks to match
the magnitude and duration of 1929-32 Great Depression era losses, they said in
a research note.

Yeah, IMF reckons you are correct. Not!

http://www.telegraph.co.uk/finance/e...IMF-warns.html

The world is now in the grip of the "great recesssion" and global economic growth could dip below zero for the first time in sixty years, said Dominique Strauss-Kahn, the head of the IMF.

[TykeMerc]

How about:-

The Biggest Banking Bugger Up (so far).

[Sysman]

The Big Banking Bugger-up

Like it!

[Foxy Moron]

don't forget Alan BGreenspan

[Mich the Tester]

The Big Bad Brown Banking Bugger-up surely?

The Big Bad Brown Bush Banking Bugger-up.

The Depression of the 6B's.

Oh yeah, Blair,

The Big Bad Brown Bush Blair Banking Bugger-up.

So it's the The Depression of the 7 B's.

[Foxy Moron]

add Blair and Bush to that

[PM-Junkie]

The Big Banking Bugger-up

The Big Bad Brown Banking Bugger-up surely?

[Mich the Tester]

I thought that was the 1970s when they decided to lend to sovereign states as they could not go bust......

The Bigger Banking Bugger-up


Will banks ever stop buggering it all up?

[BrilloPad]

The Big Banking Bugger-up

I thought that was the 1970s when they decided to lend to sovereign states as they could not go bust......

[Mich the Tester]

The Big Banking Bugger-up

[BrilloPad]

"Brown's Depression".

There is precedent: "The War of Jenkin's Ear", for example.

The issue being that Brown would love it : he would claim it was named after him as he dug us out the the hole......

[threaded]

Odd that pre 1930 the great depression was something from late 19th century. Which was then renamed the long depression.

If we do have a depression we need a catchy name for it.....

"Brown's Depression".

There is precedent: "The War of Jenkin's Ear", for example.

[Mich the Tester]

If we do have a depression we need a catchy name for it.....

The Gordon and George Depression