what about this world wide financial crisis?
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what do you think of this financial crisis.. you wouldnt expect a great nation with stable financial strategies can be the start or the cause of this worldwide market meltdown... how it happens? why now? with all of the high tech computerization still things like economic worldwide meltdown can't be detected or anticipated?:rose:
Any banking system that let people spend more than they have or can repay will eventually have a crisis (small / big / global / local). I was in the US a couple months ago and was shocked at how easy people can get a loan, and the fact almost everything is done on credit over there. Things will get stable again but it's going to take time (my estimate 1-2 years).
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Greed. American lenders handing out a bucket full of money to people who had no chance of ever repaying it in order to get their bonuses. The whole world crashes because of the greedy US banking system.(Aided and abetted by every other banking system, I am not Savlon on this). It won't last long, about a year to 18 months at most.
------------------------------------ "October: This is one of the peculiarly dangerous months to speculate in stocks in." - Mark Twain
Dalek Dave wrote:
I am not Savlon on this
Rhyming slang on rhyming slang?! That's gotta confuse a few folks!! ;)
It definitely isn't definatley
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what do you think of this financial crisis.. you wouldnt expect a great nation with stable financial strategies can be the start or the cause of this worldwide market meltdown... how it happens? why now? with all of the high tech computerization still things like economic worldwide meltdown can't be detected or anticipated?:rose:
Rose Wi-Fi Tech wrote:
what do you think of this financial crisis..
I think that the free world wanted it this way :)
Rose Wi-Fi Tech wrote:
you wouldnt expect a great nation with stable financial strategies can be the start or the cause of this worldwide market meltdown...
What nation are you talking about? Greatness doesn't keep your economy stable, production does. I'm pretty sure that you're not talking about the United States. They haven't had a stable economy since Reagan.
Rose Wi-Fi Tech wrote:
how it happens?
Greed, as said before. The best explanation I could find is here; http://www.codeproject.com/Lounge.aspx?msg=2757802#xx2757802xx
Rose Wi-Fi Tech wrote:
why now?
Because it was due. Imagine putting a bucket under a dripping faucet. Watch it drip for three years, and ask yourself "why now" when it overflows.
Rose Wi-Fi Tech wrote:
with all of the high tech computerization still things like economic worldwide meltdown can't be detected or anticipated?
Reread the explanation of what happened. We can't predict when it is going to happen, because we don't know all the variables. We do know that it will happen again, thanks to basic calculus.
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what do you think of this financial crisis.. you wouldnt expect a great nation with stable financial strategies can be the start or the cause of this worldwide market meltdown... how it happens? why now? with all of the high tech computerization still things like economic worldwide meltdown can't be detected or anticipated?:rose:
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Dalek Dave wrote:
I am not Savlon on this
Rhyming slang on rhyming slang?! That's gotta confuse a few folks!! ;)
It definitely isn't definatley
You got it though, So others might.
------------------------------------ "October: This is one of the peculiarly dangerous months to speculate in stocks in." - Mark Twain
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Dalek Dave wrote:
I am not Savlon on this
Rhyming slang on rhyming slang?! That's gotta confuse a few folks!! ;)
It definitely isn't definatley
Yup, it's got me confused. Dave is even talking in cryptic clues now.
Simon
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Yup, it's got me confused. Dave is even talking in cryptic clues now.
Simon
Savlon = Anti-American American = Yank Rhyming Slang is Septic Tank, shortened to Septic Anti Septic = Anti American Savlon is an Anti-Septic.
------------------------------------ "October: This is one of the peculiarly dangerous months to speculate in stocks in." - Mark Twain
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Savlon = Anti-American American = Yank Rhyming Slang is Septic Tank, shortened to Septic Anti Septic = Anti American Savlon is an Anti-Septic.
------------------------------------ "October: This is one of the peculiarly dangerous months to speculate in stocks in." - Mark Twain
:wtf: :omg:
Simon
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:wtf: :omg:
Simon
It's a mix of Cockney Rhyming Slang and Polari. Parley the Polari? ye Jinks? (Although Polari is a kind of homosexual underworld lingo, so I don't speak too much of it!) Polari Link[^] It is quite interesting if you like languages, which I do.
------------------------------------ "October: This is one of the peculiarly dangerous months to speculate in stocks in." - Mark Twain
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Savlon = Anti-American American = Yank Rhyming Slang is Septic Tank, shortened to Septic Anti Septic = Anti American Savlon is an Anti-Septic.
------------------------------------ "October: This is one of the peculiarly dangerous months to speculate in stocks in." - Mark Twain
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what do you think of this financial crisis.. you wouldnt expect a great nation with stable financial strategies can be the start or the cause of this worldwide market meltdown... how it happens? why now? with all of the high tech computerization still things like economic worldwide meltdown can't be detected or anticipated?:rose:
Sounds like you're living in a dream world.
Christian Graus Driven to the arms of OSX by Vista.
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Sounds like you're living in a dream world.
Christian Graus Driven to the arms of OSX by Vista.
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:zzz: Markets go up and down, bubbles form and then they burst. Things will go back to normal in time.
Simon
Yep, totally agree! Of course, Greed and lack of morals and ethics plays a large roll.
Rocky <>< Recent Blog Post: Raise Taxes? On who? Thinking about Silverlight? www.SilverlightCity.com
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Greed. American lenders handing out a bucket full of money to people who had no chance of ever repaying it in order to get their bonuses. The whole world crashes because of the greedy US banking system.(Aided and abetted by every other banking system, I am not Savlon on this). It won't last long, about a year to 18 months at most.
------------------------------------ "October: This is one of the peculiarly dangerous months to speculate in stocks in." - Mark Twain
Dalek Dave wrote:
American lenders handing out a bucket full of money to people who had no chance of ever repaying it in order to get their bonuses.
Actually, that isn't quite it. American (and British banks) made large pools of money avaialble for mortgages and came up with ever more bizarre vehicles into which to place this bucket of mortgages so as to spread the money as far as possible betting that the number of defaulters would be low. What they didn't bank on was unscrupulous mortgage agents who lied their way to fat commissions and got approvals for peopel who patently were never going to be able to keep up even if the rate went up fractionally or who didn't care that today's low rate mortgage would require vastl;y inflated payments when it came time to move to another mortgage or where the rates went up at the end of an introductory period. The whole system was doomed. However, the next big thing will probably be Credit Default Swaps.
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I was referring to the "you wouldnt expect a great nation with stable financial strategies can be the start or the cause of this worldwide market meltdown..." bit. That is clearly delusional.
Christian Graus Driven to the arms of OSX by Vista.
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It's a mix of Cockney Rhyming Slang and Polari. Parley the Polari? ye Jinks? (Although Polari is a kind of homosexual underworld lingo, so I don't speak too much of it!) Polari Link[^] It is quite interesting if you like languages, which I do.
------------------------------------ "October: This is one of the peculiarly dangerous months to speculate in stocks in." - Mark Twain
My uncle used to work on cruise ships and told me about a language that the Gay guys on the boats used to speak, I'd completely forgotten about it till today. So now i know 2 people who speak this language and you both claim to be straight! Russ
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My uncle used to work on cruise ships and told me about a language that the Gay guys on the boats used to speak, I'd completely forgotten about it till today. So now i know 2 people who speak this language and you both claim to be straight! Russ
You know two people who speak polari? and You claim to be straight! :laugh:
------------------------------------ "October: This is one of the peculiarly dangerous months to speculate in stocks in." - Mark Twain
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eddyvluggen wrote:
whilst everybody participated
I've kept myself out of this mess for a good while, saving money and waiting for the end of this ridiculous bubble where people who couldn't afford to buy a house were pushing up the prices with ever more extended credit. I've got a good bit of cash saved up but of course now that the government has used my money to prop up the whole pyramid scheme the crash won't happen to the extent that it ought to. Never mind, for the first time in 5 years i'm adding money to the pot and it's becoming a greater percentage of the house price rather than continually diminishing. Russell
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You know two people who speak polari? and You claim to be straight! :laugh:
------------------------------------ "October: This is one of the peculiarly dangerous months to speculate in stocks in." - Mark Twain
Touché! Strangely, when I asked gay friends about it none of them had a clue about it. I wonder if a secret language is no longer so important now that it's not illegal, and in most circles not even an issue, to be gay.
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I was referring to the "you wouldnt expect a great nation with stable financial strategies can be the start or the cause of this worldwide market meltdown..." bit. That is clearly delusional.
Christian Graus Driven to the arms of OSX by Vista.