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Dispatches. How the banks went bust.

124

Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    OOOH, sounds exciting...the new site, not the flu! I hope you are better now....I find the tonic they sell in pharmacies for little old ladies who've had the flu incredibly good,:o if you are still feeling post -fluey
    I am a little old lady :)

    No time for pharmacies at the moment. Working on an industrial estate, only half an hour for lunch, places are closed on the way to/from work and I am working towards my MoT (Mon) and checking insurance/getting a tax disc, so that'll take up Saturday morning.
  • tomterm8
    tomterm8 Posts: 5,892 Forumite
    Part of the Furniture Combo Breaker
    Um, which tonic are you talking about?
    “The ideas of debtor and creditor as to what constitutes a good time never coincide.”
    ― P.G. Wodehouse, Love Among the Chickens
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    tomterm8 wrote: »
    Didn't watch it. Am bored with badly presented, poorly researched economic programs on TV. Am betting it did the entire "CDO is spawn of satan" "Greedy bankers wrecked the economy" blather.

    Personally I think there should be more s e x and violence on TV, these sensible programs just get on my wick.

    Indeed, although rather than sex and violence I'm watching David Starkey with a glass of wine and some chocolate. Good times.
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • bluey890
    bluey890 Posts: 1,020 Forumite
    Wookster wrote: »
    You are a f@cking moron. My post above was tongue in cheek.

    Tw@.

    Wookie - you have more buttons than my laptop.

    Pls remember that the TV has a button too IYKWIM.
    Favourite hobbies: Watersports. Relaxing in Coffee Shop. Investing in stocks.
    Personality type: Compassionate Male Armadillo. Sockies: None.
  • bluey890
    bluey890 Posts: 1,020 Forumite
    tomterm8 wrote: »
    Personally I think there should be more s e x and violence on TV, these sensible programs just get on my wick.

    I thought you'd have had enough of sex and violence reading these forums? :confused:
    Favourite hobbies: Watersports. Relaxing in Coffee Shop. Investing in stocks.
    Personality type: Compassionate Male Armadillo. Sockies: None.
  • tomterm8
    tomterm8 Posts: 5,892 Forumite
    Part of the Furniture Combo Breaker
    One can never have enough sex and violence, bluey, whereas one can have enough crash pr0n TV.

    Frankly, I think the presence of all this crash pr0n TV is a very obvious contrarian indicator, suggesting the recession is going to end sooner than you'd think... I suspect that, and the fact that the IMF and co have priced in financial armegeddon means the recovery could begin next quarter.

    It's like those prictures of share prices going towards the sky before a market crash: fate dictates when the media agrees on something, the trend is at an end.
    “The ideas of debtor and creditor as to what constitutes a good time never coincide.”
    ― P.G. Wodehouse, Love Among the Chickens
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    One day we'll look back on all this and laugh... one day this will all be a documentary, with full details exposed... 10-20 years' time probably. That'll be interesting to watch.
  • ad44downey
    ad44downey Posts: 2,246 Forumite
    I watched. But I can't believe buy-to-let never got a mention , a truly shocking oversight ;)
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Yeah I can't wait till I'm an old man boring my grandchildren:

    'I remember the crash of '08, Kirtsy and Phil were ramping and Channel 4 were doom mongering, and I had to put up with mewbie's terrible jokes... don't know you're born!'
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • bluey890
    bluey890 Posts: 1,020 Forumite
    edited 20 April 2009 at 8:57PM
    tomterm8 wrote: »
    One can never have enough sex and violence, bluey, whereas one can have enough crash pr0n TV.

    Frankly, I think the presence of all this crash pr0n TV is a very obvious contrarian indicator, suggesting the recession is going to end sooner than you'd think... I suspect that, and the fact that the IMF and co have priced in financial armegeddon means the recovery could begin next quarter.

    It's like those prictures of share prices going towards the sky before a market crash: fate dictates when the media agrees on something, the trend is at an end.

    While GDP is valued in pounds (?). An official recession can end quite quickly, so long as sterling doesn't recover.

    I agree, I think much of the bad news is priced into shares.

    Oh and on the sex and violence too - i love the BBCs natural world programmes.
    Favourite hobbies: Watersports. Relaxing in Coffee Shop. Investing in stocks.
    Personality type: Compassionate Male Armadillo. Sockies: None.
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