Crunch

Rog · #1 12-16-2008, 03:25 AM

first of many of this type of case now that everything's gone 'tit's up'????

http://news.bbc.co.uk/1/hi/business/7784925.stm

I still think i'm right....................

...and death to the hedge fund!!

Deckard · #2 12-16-2008, 04:37 AM

Quote:

Originally Posted by Rog

first of many of this type of case now that everything's gone 'tit's up'????

http://news.bbc.co.uk/1/hi/business/7784925.stm

I still think i'm right....................

...and death to the hedge fund!!

What great timing too, this emerging in the midst of the biggest downturn of recent times.

Deckard · #3 01-08-2009, 06:42 AM

"The Bank of England has cut interest rates to 1.5%, the lowest level in its 315-year history"

Why do I get the feeling lowering the rates like this is like pushing down tighter and tighter on a spring?

All we need now is a big war.

Deckard · #4 02-22-2009, 04:10 AM

The Crisis of Credit Visualized

If you have 10 mins to spare, that is a lovely animation explaining the credit crunch.

(by an LA-based designer called Jonathan Jarvis)

jOHN rODRIGUEZ · #5 02-22-2009, 08:22 AM

Have you seen the new dance craze spreading all across the nation???

It's called the Brad Pit!!! EVERYONE'S DOIN' IT!!!!

You can see it hear:

ISBN 0-7806-4689-4, Chapter 15/38 @ 44.44..

WHHHHHOOOOOOPPPPPPLLLLLISSSHHHHHHHH!

jOHN rODRIGUEZ · #6 02-24-2009, 11:39 PM

ummmmm. http://swampland.blogs.time.com/2009/02/25/jai-no/

I'd like to know, in detail, the change of heart on this stimulus package for the Republican side. Everyone was so ready for it 4-5 months ago, now it's a complete 180. Por why?

Deckard · #7 02-25-2009, 04:02 AM

Because 4-5 months ago there was still a slither of a chance that they might be the ones you had to sort this shit out.

Now they can revert to being contrarians towing the line "government involvement is bad, mmkay?", like the embarrassment that is
Bobby Jindal.

If the economy recovers, no-one will be too bothered that Republicans refused to back the bill, and they'll be able to hide behind the possibility that the recovery occurred 'despite' the Bill rather than because of it (and that they might still have achieved the same result without pouring so much public money into it).

If the economy tanks, which is still a very real possibility - the Republicans will be there shouting "Told you so".

It's a technique that's worked well in the UK for decades whenever there's a polarising issue, the prognosis of which involves a large amount of uncertainty. If you're in opposition, you attack - you may not necessarily win, but you usually can't lose by doing that.