Originally posted by zeitghost
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Reply to: Debt crisis live
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Previously on "Debt crisis live"
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Originally posted by zeitghostYou what? I'd hazard a guess that IBM was worth a good deal more than Microsoft in 1966.
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Originally posted by doodab View PostI'm not sure how a whole field of study can be said to have "failed". Are you suggesting that it's given us no insight into human behaviour at all?
In reaility like all "sciences" that deal with collective human behaviour, it has little predictive value.
However it has given us some knowledge e.g. about how governments should behave in certain circumstances
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10.10 Nouriel Roubini, the Nobel prize winning economist and chairman of Roubini Global Economics, told Bloomberg in an interview on Dubai on Sunday that time was running out:
"I’m very concerned of things getting out of control. You need a huge bazooka of at least 2 trillion euros, but you can’t wait three months, you have to do it in the next few weeks".
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The FTSE 100 fall today was the worst since 2002, and it has also made it into the top five worst quarters in the index's history (remember, the FTSE 100 was founded in 1984).
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Buffett invested $5 billion in Bank of America last month, earning him a paper profit of $280m in less than 24 hours.
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Originally posted by BrilloPad View PostAround the world the happiest nations are those were the income per person varies little. It doesn't matter if rich or poor. Its jealous that is the killer.
At the moment the growth between rich and poor grows ever wider. We need a good depression to even things out and restore happiness.
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Originally posted by TimberWolf View PostYes, because in the UK we know that GDP/population is the most important metric of happiness. In fact little else matters or is of importance in life but this number. The Greeks, and even more bizarrely their politicians, think differently about life. Nutters.
At the moment the growth between rich and poor grows ever wider. We need a good depression to even things out and restore happiness.
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Originally posted by TimberWolf View PostYes, because in the UK we know that GDP/population is the most important metric of happiness. In fact little else matters or is of importance in life but this number. The Greeks, and even more bizarrely their politicians, think differently about life. Nutters.
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Originally posted by Mich the Tester View PostIt's friday and the weather's nice; can you really say they're wrong?
ooh, sorry, am I interrupting in your conversation here?
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Originally posted by TimberWolf View PostGreece celebrated by going on strike.
ooh, sorry, am I interrupting in your conversation here?
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