Investment
Credit Crisis
- Normxxx
- Normxxx
- permabear
-
Inya Ivkovic
- pink101
- Normxxx
- Normxxx
- Jas_Jain
- pink101
- Normxxx
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» permabear - Grantham and Das
In response to Depression Enters Phase Two posted by Normxxx:
Grantham and Das understand the complexity and severity of the credit crisis as well as any analysts I've read. And the conclusion of both of these experts is grim. The credit crisis runs very deep, and is going to have nasty ramifications on the larger economy over a substantial period of time. When I hear all these soothsayers say that the problems are behind us, or we will only have a mild recession if we have any recession at all, or everything is going to bounce back in the "second half", I could gag. The folks making these predictions don't understand the problem in even the most shallow manner. You have to read folks who really understand the problem to understand how bad the problem really is.
-- posted by permabear
»
Inya Ivkovic
- The WSJ - "New Hitches In Markets May Widen Credit Woes"
http://online.wsj.com/article/SB12026922...
» Normxxx - Grantham and Das
- The folks making these predictions don't understand the problem in even the most shallow manner.
They may or they may not; but it is in their interests to make such statements (if only for the psychological boost). 'Wishful thinking' is one of humanities most enduring traits. But you don't want to see 'magical' thinking disappear- with it goes all hope- I saw that among some adults, growing up in the latter stages of the Great Depression. It is still a searing memory.
-- posted by Normxxx
» Jas_Jain - This Cartoon Says It All & Proves My Observations
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This Cartoon Says It All & Proves My Observations:
http://elainemeinelsupkis.typepad.com/mo...
Doesn't this cartoon prove my observation that American People are born-and-bred dopes and are led by banking and finance Crooks?
Enjoy!
Jas
-- posted by Jas_Jain
» pink101 - This Cartoon Says It All & Proves My Observations
In response to This Cartoon Says It All & Proves My Observations posted by Jas_Jain:
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And, after they shake down the tax payers, they own all the properties they were able to foreclose on.
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Even at a dollar loss, they benefit by the property gain.
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Thomas Jefferson warned against corporate immortality.
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We could use a law that requires corporations to die after fifty years.
.
-- posted by pink101
» Normxxx - This Cartoon Says It All & Proves My Observations
In response to This Cartoon Says It All & Proves My Observations posted by pink101:- We could use a law that requires corporations to die after fifty years.
Most corporations don't last half that long!
-- posted by Normxxx
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