LinkBack URL
About LinkBacksYay, we're out of recession!Originally Posted by j.o.s.h.1408
According to the bbc breakfest news, we will be out of recession in 8 mins time ie 9:30am
Yay, we're out of recession!According to the bbc breakfest news, we will be out of recession in 8 mins time ie 9:30am
____
(='.'=)
(")_(")
-0.4%
We is gubbed.
we still in recession then?
Yes, still going strong.
whilst the RS article is well written, it is not imho, a good overview of most of the issues in the last two years.
An example of the corruption that can be done with derivs is the Porsche using CSO, which at the time they didn't have to announce.
The people like Bear/Lehmans, if they had better concept of how to guard against their obligations would not have been in trouble. They where weak. Then short selling, the credit markets all they did was to increase the momentum, not their direction.
Shorting, is vital to prevent bubbles, people should be equally rewarded for saying "no xxxx is completely over-rated" as much as they should for saying something is under-rated.
throw new ArgumentException (String, String, Exception)
+1
Things dont always improve, why shouldnt we be allowed to make money from failure.
As you say, it's a good article about naked short selling, but that's a symptom of the global economic problems not a cause.
____
(='.'=)
(")_(")
I think this section from the BBC's coverage is quite telling:
"The unexpected decline in the services sector was the key factor behind the drop, with the distribution, catering and hotels sector performing particularly badly.
The UK economy's reliance on the service sector, and financial services in particular, may be the reason why it is still in recession when partners such as France and Germany exited earlier in the year. "
Yay for the transition to a service-based economy! Now...whose bright idea was that again?
brilliant. how did france and germany get out of it then?
By making stuff and then selling it to other people. That fell out of favour in Britain in the late 70s.
____
(='.'=)
(")_(")
France and Germany supported their manufacturing industries instead of letting them wither on the vine. We deliberately spent the 80s and 90s killing ours. Their economies have an effective defence in depth - they're not dependent on services - and particularly financial services - to the extent that we are.
terrible aint it. we use to make a lot of stuff back in the day such has steel. we dont make that anymore
Because the Labour government is not in power over there
http://forums.hexus.net/general-disc...ml#post1801510Because the Labour government is not in power over there
Wasn't Labour that did that, I'm afraid.
Or reversed it?
I do love the "well we didn't do it" arguement
Crosshair VIII Hero (WIFI), 3900x, 32GB DDR4, Many SSDs, EVGA FTW3 3090, Ethoo 719
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
Reply With Quote
