Sebrof Posted April 7, 2009 Share Posted April 7, 2009 An interesting article from the WSJ by a Nobel prize winner and a colleague of his comparing and contrasting now to the tech bubble and the 1930s - it isn't a particularly positive read! An interesting read. An antidote to those who don't believe that the whole crisis was sparked by the collapse of the US housing bubble, and of course the UK housing bubble then added to the problem - especially for the UK. S Link to comment Share on other sites More sharing options...
Sebrof Posted April 7, 2009 Share Posted April 7, 2009 Ooh - are you going on holiday? I've just been. Seems you didn't notice. S Link to comment Share on other sites More sharing options...
Slim Posted April 7, 2009 Share Posted April 7, 2009 An interesting read. An antidote to those who don't believe that the whole crisis was sparked by the collapse of the US housing bubble, and of course the UK housing bubble then added to the problem - especially for the UK. Surely the crisis was sparked by whatever caused the US housing bubble, not the bubble itself? You referred to Germany earlier, saying they didn't have a housing bubble, that's largely because the Germans don't buy houses, something like 65% of them rent. What created the british and american obsession with property ownership in the first place? Still, housing is just part of it, seems to be a converging set of events and circumstances that created this mess, not anything singular. This looks like an interesting read, and the review provides a good summary of the crash according to Mr Cable: http://entertainment.timesonline.co.uk/tol...icle6015374.ece Good quote that made me think of you Sebrof: “All who claim to see the future are lying, even if by chance they are later proved right.” Link to comment Share on other sites More sharing options...
Albert Tatlock Posted April 7, 2009 Share Posted April 7, 2009 Ooh - are you going on holiday? I've just been. Seems you didn't notice. I did. I just thought it might be another. Link to comment Share on other sites More sharing options...
Sebrof Posted April 7, 2009 Share Posted April 7, 2009 Good quote that made me think of you Sebrof: “All who claim to see the future are lying, even if by chance they are later proved right.” Thank you for thinking of me, Slim. It makes me feel all warm inside. It would seem that the only differences between us are that my predictions tend to come true, and that your "inexactitudes" aren't confined to your predictions. Anyway, it's Holy Week, and a time for goodwill to all men. I trust you get to eat a nice big Easter egg. S Link to comment Share on other sites More sharing options...
Sebrof Posted April 7, 2009 Share Posted April 7, 2009 Notwithstanding a life filled with disappointments and broken dreams, hope springs eternal in the Tatlock breast. Perhaps you're not such a hardened old cynic, after all. S Link to comment Share on other sites More sharing options...
Slim Posted April 7, 2009 Share Posted April 7, 2009 It would seem that the only differences between us are that my predictions tend to come true, and that your "inexactitudes" aren't confined to your predictions. Yes, your retrospective predictions come true. How clever you are! Link to comment Share on other sites More sharing options...
Sebrof Posted April 7, 2009 Share Posted April 7, 2009 It would seem that the only differences between us are that my predictions tend to come true, and that your "inexactitudes" aren't confined to your predictions. Yes, your retrospective predictions come true. How clever you are! Very cutting, Slimbo. I am quite upset. Now run along. S Link to comment Share on other sites More sharing options...
pongo Posted April 7, 2009 Share Posted April 7, 2009 it's Holy Week, and a time for goodwill to all men. Er Christmas? Holy week is all about how horrid people are. Link to comment Share on other sites More sharing options...
Albert Tatlock Posted April 7, 2009 Share Posted April 7, 2009 it's Holy Week, and a time for goodwill to all men. Er Christmas? Holy week is all about how horrid people are. Yeah - it's 'crucify and brick up a christian week' isn't it? Link to comment Share on other sites More sharing options...
Newsbot Posted April 24, 2009 Share Posted April 24, 2009 The depositors of a collapsed Icelandic bank may have less time to wait to get their cash back, says Manx Government. Source : http://news.bbc.co.uk/go/rss/-/1/hi/world/...man/8017205.stm Link to comment Share on other sites More sharing options...
Frances Posted April 24, 2009 Share Posted April 24, 2009 and here was I hoping it meant Peel IoM Bank had installed a second cash point to avoid the Saturday morning queues. Link to comment Share on other sites More sharing options...
manshimajin Posted April 24, 2009 Share Posted April 24, 2009 Treasury minister Allan Bell said the increase in money being recouped in the UK is a sign that KSF Isle of Man could recover about 75% of the money it is owed. Does this mean that IOM taxpayers won't have to contribute? Link to comment Share on other sites More sharing options...
carbon selector Posted April 25, 2009 Share Posted April 25, 2009 It really does say something about the security and supposed independence of the Isle of Man when Westminster can just rustle up an Act in a few hours, that will allow Gordon & Co. to remove £550million or so from one of our banks. Apart from anything else, I am surprised that members of our Government don't feel very stupid over this whole affair. Link to comment Share on other sites More sharing options...
triskelion Posted April 25, 2009 Share Posted April 25, 2009 It really does say something about the security and supposed independence of the Isle of Man when Westminster can just rustle up an Act in a few hours, that will allow Gordon & Co. to remove £550million or so from one of our banks. Except that's not really what happened. Link to comment Share on other sites More sharing options...
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