Reply to: Is the big financial crisis getting rather boring?

[AtW]

In a recession some very wealthy people make a lot of "money" in buying up cheap assets. It is in their interest to keep the recession going until such time they want to reap their profits.

Big recession separates those wealthy who have liquid assets and those "wealthy" who had wealth on paper

[Paddy]

Seeing as I was contracting in a bank in 2007 and 2008 that was hit by the whole thing and then bailed out, I've seen this tulip going on for about 5 years now. It's boring, it's dragging on too long and perhaps it's time to switch the whole system off, reset every field to '0' and reboot. Oh, but Mich, we can't do debt cancellation because that would create 'moral hazard' as if anybody in the banking business really understands the word 'moral'.

In a recession some very wealthy people make a lot of "money" in buying up cheap assets. It is in their interest to keep the recession going until such time they want to reap their profits.

[xoggoth]

Boring? That's an idea. Since most of the massive drops in the market are about perception, maybe if everyone was so totally p*d off with it all they couldn't give a f* maybe that would stabilise the world economy.

[Diver]

Lost was amazing all the way through. You just needed a bit of patience half way through and then it got better and better.....

Sadsack

Link works now by the way

[NorthWestPerm2Contr]

It´s very much like watching ¨Lost¨.

Interesting at the beginning but became a never ending tale that made me lose interest.

Lost was amazing all the way through. You just needed a bit of patience half way through and then it got better and better.....

[Mich the Tester]

It´s very much like watching ¨Lost¨.

Interesting at the beginning but became a never ending tale that made me lose interest.

Seeing as I was contracting in a bank in 2007 and 2008 that was hit by the whole thing and then bailed out, I've seen this tulip going on for about 5 years now. It's boring, it's dragging on too long and perhaps it's time to switch the whole system off, reset every field to '0' and reboot. Oh, but Mich, we can't do debt cancellation because that would create 'moral hazard' as if anybody in the banking business really understands the word 'moral'.

[Sysman]

It´s very much like watching ¨Lost¨.

Interesting at the beginning but became a never ending tale that made me lose interest.

[Mich the Tester]

Link doesn't work

sorry, look at the link in Diver's post and click on 'view forum posts' which appears when you mouse over Andyw's name in his post in that thread

[NorthWestPerm2Contr]

http://forums.contractoruk.com/searc...hid=900973&pp=

Link doesn't work

[Doggy Styles]

My pessimistic view is that the financial crisis it will get a horrendously worse.
My optimistic view is it will get a lot worse

Unfortunately it's looking that way, and all this can-kicking-down-the-road is just making the final reckoning worse.

To the question - I'm watching because this is going to hit the UK as well, but I'll be particularly interested to see which countries exit the euro and which are subjugated by Germany.

[Mich the Tester]

So he just said: "ban me if you want I dont care" and as a result he has earned legendary status?

http://forums.contractoruk.com/searc...hid=900973&pp=

[CodeCobbler]

What crisis?

[NorthWestPerm2Contr]

http://forums.contractoruk.com/gener...-andy-atw.html



Only a couple of things;
1. I think he gives Alexi too much credit
2. After all these years I still havent found this Interweb thigy he's on about

Little sneak MF

So he just said: "ban me if you want I dont care" and as a result he has earned legendary status?

[BrilloPad]

Could somebody please tell me who AndyW is? Is it the same guy as AtW?

AndyW = AtW without the squirrel costume

HTH

[Mich the Tester]

My pessimistic view is that the financial crisis it will get a horrendously worse.
My optimistic view is it will get a lot worse

So when can we start hanging people? Shall we make a list?
Or have we already done that?