We sank the bank on tulips.
Except that this time, instead of tulip bulbs, we put it all in asset-backed securities.
Re: What is exactly causing the current worldwide depression?
We sank the bank on tulips.
Except that this time, instead of tulip bulbs, we put it all in asset-backed securities.
Last edited by Lemur; 11-09-2008 at 20:32.
Re: What is exactly causing the current worldwide depression?
Its all in your head. Phil Gramm said so.
Rest in Peace TosaInu, the Org will be your legacy
Originally Posted by Leon Blum - For All Mankind
Re: What is exactly causing the current worldwide depression?
See sig.
"Nietzsche is dead" - God
"I agree, although I support China I support anyone discovering things for Science and humanity." - lenin96
Re: Pursuit of happiness
Have you just been dumped?
I ask because it's usually something like that which causes outbursts like this, needless to say I dissagree completely.
Re: What is exactly causing the current worldwide depression?
Rest in Peace TosaInu, the Org will be your legacy
Re: What is exactly causing the current worldwide depression?
Communism.
www.thechap.net
"We were not born into this world to be happy, but to do our duty." Bismarck
"You can't be a successful Dictator and design women's underclothing. One or the other. Not both." The Right Hon. Bertram Wilberforce Wooster
"Man, being reasonable, must get drunk; the best of life is but intoxication" - Lord Byron
"Where men are forbidden to honour a king they honour millionaires, athletes, or film-stars instead: even famous prostitutes or gangsters. For spiritual nature, like bodily nature, will be served; deny it food and it will gobble poison." - C. S. Lewis
Re: What is exactly causing the current worldwide depression?
Yes, according to the highly intelligent right-winger party here, the crisis is a result of president Bush and his socialist policies...
Still maintain that crying on the pitch should warrant a 3 match ban
Re: What is exactly causing the current worldwide depression?
The original financial crisis was for real - the following overall economic crisis is largely based on psychological ripple effects, i.e. everybody (companies and private households) is afraid that things might turn out really bad and therefore refrains from making any spendings that are not absolutely necessary right now to beon the safe side (e.g., private households will postpone investments for a new car or TV for 1-2 years, companies will not buy machinery, build new plants or will hold back R&D investments).
This "holding back" is currently leading to a very real and sharp economic downturn.
If you have enough cash right now and don't have any reasons to worry about incoming cash (e.g. because your job is absolutely secure and will not be affected by a downturn), now might be a very good time to spend money on a new car or new furniture as you are very likely to get some nice discounts.
Last edited by Ser Clegane; 11-09-2008 at 23:07.
Re: What is exactly causing the current worldwide depression?
Hey cool I didn't know that story was known abroad.We sank the bank on tulips.
Except that this time, instead of tulip bulbs, we put it all in asset-backed securities.
Re: What is exactly causing the current worldwide depression?
It's on Wikipedia of course we know about it!
"A man's dying is more his survivor's affair than his own."
C.S. Lewis
"So many people tiptoe through life, so carefully, to arrive, safely, at death."
Jermaine Evans
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