Doom becoming reality?

itsallagame_2

It appears the Doom proclamations from our board have rattled those at the top.
If the BBC gives this air, I would be impressed.

Were going down guys


http://uk.reuters.com/article/topNews/idUKTRE51J5J820090220

mr.broderick

NEW YORK (Reuters) - The global economy may be deteriorating even faster than it did during the Great Depression, Paul Volcker, a top adviser to President Barack Obama, said on Friday.
"I don't remember any time, maybe even in the Great Depression, when things went down quite so fast, quite so uniformly around the world," Volcker said.
(Reporting by Pedro da Costa and Kristina Cooke; Editing by Theodore d'Afflisio)

It was lost in translation.
He actually said

"The last time anything went down quicker than this led to the impeachment of bill clinton"

matbe

mr.broderick wrote: »

NEW YORK (Reuters) - The global economy may be deteriorating even faster than it did during the Great Depression, Paul Volcker, a top adviser to President Barack Obama, said on Friday.
"I don't remember any time, maybe even in the Great Depression, when things went down quite so fast, quite so uniformly around the world," Volcker said.
(Reporting by Pedro da Costa and Kristina Cooke; Editing by Theodore d'Afflisio)

If he remembers the great depression he must be ninety, far too old to be advising anybody.

But this is the age of speed everything is faster faster faster these days.

Faster into a bust faster to come out the other side maybe?

tomstickland

Stop calling it a depression or recession. It's a "downturn".

Rochdale_Pioneers

tomstickland wrote: »

Stop calling it a depression or recession. It's a "downturn".

yes, a downturn that has crashed the economies of all developed countries, has stopped China in its tracks, has bankrupted a couple of countries with more wobbling on the edge, and has literally trillions of whatever currency you prefer either owed by banks or being borrowed by governments to rescue banks.

Feels like a depression to me.

Wookster

Rochdale_Pioneers wrote: »

Feels like a depression to me.

I have to agree with this. The news just gets worse and worse.

Degenerate

itsallagame wrote: »

It appears the Doom proclamations from our board have rattled those at the top.

But... he's one of Obama's men... surely he can muster up some good slogans and magic the problem away with an effortless "yes we can!" whilst a crowd of onlookers unquestioningly bow down and worship their new messiah.

After all, it's not as if Obama's reputation for economic competence was mysteriously based on absolutely zero experience, is it?

sabretoothtigger

matbe wrote: »

mr.broderick wrote: »

If he remembers the great depression he must be ninety, far too old to be advising anybody.

But this is the age of speed everything is faster faster faster these days.

Faster into a bust faster to come out the other side maybe?

There is a guy still working on wall st who was also working there in the 1930's

Nobody has bothered to ask him, did they try this last time also

matbe

Hes probably too busy !!!!ing himself and dribbling to answer questions