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The Financial Apocalypse and the tin foil hatters

135

Comments

  • Apart from people in Aberdeen, of course.



    Yes, because they've already arrived.
    ''apply within'' :)
  • geneer
    geneer Posts: 4,220 Forumite
    wotsthat wrote: »
    You've poured scorn on what I was doing at the weekend as it apparently showed that I had an exquisite lack of self-awareness. For the uninitiated this lack of self-awareness manifests itself by proceeding with weekend plans in spite of the market turmoil.

    I asked a fairly simple question, which I knew you wouldn't answer, which was; what should I have been doing at the weekend. In fact, what did you do?


    Sorry, What? I did no such thing.

    For the uninitiated the "lack of self awareness" manifests when you make accusations that you clearly are guilty of yourself. ;)
  • TedButler
    TedButler Posts: 61 Forumite
    So what does everyone on here think. The riots and burning police cars, more to come or that was the worst of it?

    My 2p worth is the civil unrest all over the world is getting worse. We will see a lot more of that in the UK as the financial crisis worsens and unemployment keeps going up as well as cost of living. Wages will keep going down in relation to real inflation, and we should get used to burning police cars on the news.
  • GlynD
    GlynD Posts: 10,883 Forumite
    TedButler wrote: »
    So what does everyone on here think. The riots and burning police cars, more to come or that was the worst of it?

    My 2p worth is the civil unrest all over the world is getting worse. We will see a lot more of that in the UK as the financial crisis worsens and unemployment keeps going up as well as cost of living. Wages will keep going down in relation to real inflation, and we should get used to burning police cars on the news.

    Ok Ted. Let's have a look at that: civil unrest is getting worse all over the world?

    No Berkley riots!
    No riots in India!
    Belfast reduced to Saturday night rabble!
    No riots in Toxteth!
    None in Barnsley
    and so on.

    How is civil unrest getting worse - even the French aren't rioting about anything?

    Come on mate, we've all seen it happen too many times in the past. Sure it's shocking but nothing changes. The proletariat will riot from time to time.
  • TedButler
    TedButler Posts: 61 Forumite
    The French are revolting, just in their own way ;)

    Come on are you really seriously saying the unrest going on around the world at the moment is normal? Just one example Israel stock market opened and just went into freefall so they closed it before it could fall any further.

    Keep your head in the sand if you want, for me I like to know whats going on.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    geneer wrote: »
    Sorry, What? I did no such thing.

    For the uninitiated the "lack of self awareness" manifests when you make accusations that you clearly are guilty of yourself. ;)

    So what did you do at the weekend that was the correct response to the market movements?

    Are you self aware enough to see that your pantomime responses ("oh no it isn't/ oh yes it is") are simply a (poor) cover to disguise the fact that rarely, if ever, are you able to engage in any sort of real debate?
  • geneer
    geneer Posts: 4,220 Forumite
    edited 8 August 2011 at 2:28PM
    wotsthat wrote: »
    So what did you do at the weekend that was the correct response to the market movements?

    Are you self aware enough to see that your pantomime responses ("oh no it isn't/ oh yes it is") are simply a (poor) cover to disguise the fact that rarely, if ever, are you able to engage in any sort of real debate?

    My "pantomine" response appears to clearly have shown the error in your own, forcing you to choose another angle.

    In answer to your pointless question. I took Mrs Geneer to a show and drinks at the fringe on Friday, and to the cinema on saturday. Really not sure what that has to do with anything.

    It does not mean that the current monumental international problems in the global financial systems are trivial or irrelevant.

    I true pantomine response would have been "well I can still by a pint of mike so everything is fine".
    That this is essentially the position you took should not go unnoticed.
  • GlynD
    GlynD Posts: 10,883 Forumite
    TedButler wrote: »
    The French are revolting, just in their own way ;)

    Come on are you really seriously saying the unrest going on around the world at the moment is normal? Just one example Israel stock market opened and just went into freefall so they closed it before it could fall any further.

    Keep your head in the sand if you want, for me I like to know whats going on.

    In fact Ted the unrest you're seeing is (unfortunately) pretty normal. The world has been going through a lot of changes over the past 100 years as we leave the colonial era behind. It's taking time and some countries are still emergent. As for falling stock markets - it's all happened before. I've seen Wall Street close to avoid further falls on Black Friday. At that time even the Lloyds names lost a fortune.

    You sincerely can't believe any of this is new. It's just a repeat of what's gone before.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    geneer wrote: »
    My "pantomine" response appears to clearly have shown the error in your own, forcing you to choose another angle.

    I took Mrs Geneer to a show and drinks at the fringe on Friday, and to the cinema on saturday. Really not sure what that has to do with anything.

    It does not mean that the current monumental international problems in the global financial systems are trivial or irrelevant.

    I true pantomine response would have been "well I can still by a pint of mike so everything is fine".
    That this is essentially the position you took should not go unnoticed.

    You must be confusing me with someone else because I didn't say anything about buying a pint of milk nor did I say everything was OK.

    In fact, I was talking about visiting friends, making holiday plans, getting in some physical training and a little DIY. You seemed to imply that this wasn't the correct response and, here's a correctly attributed quote, "What did I say guys. How utterly grindingly predictable."

    And yet it seems that your life went on as normal too except now, just a few hours later, you're really not sure what it has to do with anything.

    It's Mrs. Geneer I feel sorry for.
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    GlynD wrote: »
    You sincerely can't believe any of this is new. It's just a repeat of what's gone before.
    But this time the problem's not in Wall Street. It's in Detroit. And Pittsburgh and Cleveland.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
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