Crash Crash Crash !!!!!!!!!!!!!!!!!!!!!!!!!!!

sabretoothtigger

Follow up discussion to that '99 nytimes article on Clintons dragons teeth sowed

http://www.marketwatch.com/story/bill-clintons-legacy-is-our-financial-disaster

Citigroup's banking side probably would not have loaded its balance sheet with toxic loans had it not been under pressure from the arm making all of the stuff.

ruggedtoast

Generali wrote: »

The board is finished when Mr L does the next re-org IMO. Too much hassle, too much moderation (sorry - 'Board Guide' action can't call it moderation (due to libel laws?)), loads of grief and it scares away the normal people who want to cut their gas bill or buy cheap pizzas

I don't believe it. I wont believe it!

I've been seeing green shoots about this board. Green shoots! It will thrive and grow bigger.

Generali

ruggedtoast wrote: »

I don't believe it. I wont believe it!

I've been seeing green shoots about this board. Green shoots! It will thrive and grow bigger.

Green shoots? Isn't that the equivalent of the dreaded 'Chairman's vote of confidence'?

StevieJ

blisk2 wrote: »

Oh look prices still falling

House prices decline again in May

Forget about banks with a vested interest in hyping things up.

We have done the LR figures for Jan/Feb thanks anyway

novazombie

In the USA now the way they are dealing with the crisis is to put up taxes and get tough with inspectors. Im sure it will happen here.

"Obama is proposing raising taxes, he has already hired more IRS agents and they have been trained to enforce tax collection"

taken from free ebook only can be read for another 2 weeks.

http://conspiracyoftherich.com/read/current

A very good read, what happens in the USA can give very good indication about what will happen in the UK.

http://video.ap.org/?f=YOUR_OVN_ID&PID=aAQrRcV3CzvupfwkqbUGhd8y6gq2OXX6

sabretoothtigger

These are old graphs for American debt across the spectrum of the economy from September last year. I was just wondering who had most debt uk or usa as GDP % and I think the uk has more for the moment?












http://fabiusmaximus.wordpress.com/2008/09/26/supercycle/

Neilhmtn

sabretoothtigger wrote: »

I was just wondering who had most debt uk or usa as GDP % and I think the uk has more for the moment?

If you think the UK has a higher debt as a percentage of GDP than the US, then there must be a source somewhere that told you that. You could refer to that source to see if it is true. It would be better than asking here.

sabretoothtigger

Sources vary in their method of measurement unfortunately. This following article mentions 100% gdp uk debt same as Iceland has


Iceland has lower unemployment then the USA or europe at 9.1%
This article discusses how they might experience a V shape to their troubles. Thanks to currency devaluation their exports have risen 11% over this last year

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5912682/Icelands-krona-proves-the-magic-wand-as-Europe-ails.html



The trational route for IMF help is that a country raises their interest rates like Iceland did and Pakistan were told to. Somehow we've done the opposite but expect a similar result

SilverStandard

Generali wrote: »

You think so? Things seem to be panning out quite nicely over here as far as I can see. China's economy seems to be picking up nicely which will do wonders for exports, Rudd is down in the polls and there is a lot of scandal surrounding Labor that is just starting to come out so hopefully we'll be shot of him next election and there's the Ashes to look forward to and the friendly banter that goes with it.

I'm sure if you ever wanted to move here they'd make you as welcome as they've made me.

Are you anywhere near Perth Gen?

Have you researched Silver as an investment at all?

If I was near the Perth mint I would buy all I could get hold of quick before the price shoots up and will never come back down as the world is running out of silver.

RDB

Silver does look good but its going up. May have missed the boat, we will never have those low $9 prices about a year ago again.


Houses are still way over prised and will be until May next year when interest rates go back up to where they should be. Then house prices will come down to where they should be inline with decreasing wages.