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how do our 'polyconomists see this affecting the wider economy?
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"The Christian way has not been tried and found wanting, it has been found to be hard and left untried" - GK Chesterton.
"The most obvious predicition about the future is that it will be mostly like the past" - Alain de Botton -
This is European banks' counterparty exposure to Lehman. It of course includes notional values of swaps and CDS', but still, Deutsche with 1.14 TRILLION of exposure
Originally posted by Serb:Please, remind me, how exactly and when exactly, Russia bullied its neighbors?
Originally posted by Ted Striker:Go Serb !
Originally posted by Pekka:If it was possible to capture the essentials of Sepultura in a dildo, I'd attach it to a bicycle and ride it up your azzes.Comment
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Yes, the dollar rally happened just in time to screw me as I had to exchange my Canadian dollarsOriginally posted by OneFootInTheGrave
and in other news
one more turn
markets are crashing
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Anantha Nageswaran, head of investment research at Bank Julius Baer, said: "The dollar rally over the last two months was unsustainable and it was brought about by short-term liquidation pressures by many hedge funds and because of a mistaken feeling that the US economic numbers had turned the corner."
dollar predicted to go back down again... will we see 2/1 with Euro soon? it's sort of funny and scary at the same time...
"The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists."
-Joan RobinsonComment
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The possibility that AIG will be bailed out seems to be supporting this market. AIG asked for the bailout in a piss-poor way though -- turning down the buyout offered yesterday and publicly demanding $40 billion in gov't help.Originally posted by Colonâ„¢
Not quite armageddon today.
Last edited by DanS; September 15, 2008, 11:50.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Sitting in my armchair, I assume that AIG imploding would hurt. Lehman perhaps not so much.Originally posted by C0ckney
how do our 'polyconomists see this affecting the wider economy?I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Wow, watching AIG fall is hypnotizing. -60.5%... -63.2%... -70.10%... -67.5%.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Watching the governor of New York beg the Fed for a bailout of AIG is pathetic.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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S'pose the masks are falling off.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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If by a few you mean 26,000, and by upper middle class you mostly mean middle class, then yes you'd be correct...Originally posted by Agathon
Of course it is. A few upper-middle class people have lost their jobs and we are supposed to feel sorry for them, when every day many times more jobs of ordinary working people, who have much less in the way of financial security, are shipped off overseas, often because of decisions made by people in institutions like this.
Forgive me for being less than sympathetic. The tedious-ignorant-****wit accountant class are a pox.
You have to know it's not just overly tenacious traders being laid off, they're actually a minority. Most of the people being laid off are lower earning family men doing infrastructure work or other corporate stuff (HR, IT, etc).
So no, it's not funny, and yes, you are a ****wit.
A couple of the guys I knew have to uproot their families and move them out because there's no jobs for financial services software guys in NY right now, and the rent/mortgage payments for living around NYC was insane. The whole family is suffering because of this."The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "Comment
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Christ Asher, it's like you just heard that people get laid off.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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This doesn't even make any sense.Originally posted by Kidicious
Christ Asher, it's like you just heard that people get laid off.
It's never funny when people get laid off."The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "Comment
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once in a hundred years?Originally posted by DanS
Wow, watching AIG fall is hypnotizing. -60.5%... -63.2%... -70.10%... -67.5%.
perhaps not, but sort of fascinating...Socrates: "Good is That at which all things aim, If one knows what the good is, one will always do what is good." Brian: "Romanes eunt domus"
GW 2013: "and juistin bieber is gay with me and we have 10 kids we live in u.s.a in the white house with obama"Comment
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As I was heading for bed last night, I flipped over to some show that had been preempted by a financial program from India.
All the stocks shown were down 3% - 4% Some were strong companies that even I know, e.g. Tata Motors.
The U.S. sneezes, and the rest of the world gets pneumonia.
Hopefully, this downward jot will shake out all the rot and we can begin to recover.Comment
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Erm... they were probably making too much money anyway. They probably thought that made them better than other people to. So it's entertaining.Originally posted by Asher
This doesn't even make any sense.
It's never funny when people get laid off.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Originally posted by Kidicious
Erm... they were probably making too much money anyway. They probably thought that made them better than other people to. So it's entertaining.
**** you. No wonder you're single at your age."The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "Comment
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