-100
― stet, Friday, 10 October 2008 19:41 (fifteen years ago) link
http://img.photobucket.com/albums/v617/WidowOfDestiny/Jiggle_Panda.gif
― the valves of houston (gbx), Friday, 10 October 2008 19:41 (fifteen years ago) link
lol
― Everything is Highlighted (Hurting 2), Friday, 10 October 2008 19:42 (fifteen years ago) link
-10
― stet, Friday, 10 October 2008 19:42 (fifteen years ago) link
+1
― stet, Friday, 10 October 2008 19:43 (fifteen years ago) link
WE NEED FLASH GRAPHS
― David R., Friday, 10 October 2008 19:45 (fifteen years ago) link
http://www.radford.edu/~prehealth/business-ekg.jpg
― joe 40oz (deej), Friday, 10 October 2008 19:46 (fifteen years ago) link
I really don't care what caused the late upswing. smash this stoopid system.
― Dr Morbius, Friday, 10 October 2008 19:50 (fifteen years ago) link
― sad man in him room (milo z), Friday, 10 October 2008 19:51 (fifteen years ago) link
Morbs, that was punk rock
― original dixieland jaas band (Curt1s Stephens), Friday, 10 October 2008 19:54 (fifteen years ago) link
http://bigpicture.typepad.com/comments/images/2008/10/10/bank_jamaica.jpg
― goole, Friday, 10 October 2008 19:55 (fifteen years ago) link
Morbs do you know how to make a gas bomb?
― big louie moilolnen (dan m), Friday, 10 October 2008 19:56 (fifteen years ago) link
only bad jokes coming to mind...
I think McCain made an accidental point with "My fellow prisoners." ...if he didn't have 7 houses.
― Dr Morbius, Friday, 10 October 2008 19:59 (fifteen years ago) link
Berlusconi goes for the ridiculous
Berlusconi Roils Markets With Claim of Global Market ClosuresBy Steve SchererOct. 10 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi roiled international markets today, first saying world leaders were discussing shutting down global financial exchanges, and then saying he didn't mean it.Heads of government may seek to ``rewrite the rules of international finance'' in a bid to end the world market turmoil, he said at a press conference in Naples. Less than an hour later, after the White House denied any plan to shutter Wall Street, Berlusconi reversed himself, saying he was just repeating something he heard on the radio.
Oct. 10 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi roiled international markets today, first saying world leaders were discussing shutting down global financial exchanges, and then saying he didn't mean it.
Heads of government may seek to ``rewrite the rules of international finance'' in a bid to end the world market turmoil, he said at a press conference in Naples. Less than an hour later, after the White House denied any plan to shutter Wall Street, Berlusconi reversed himself, saying he was just repeating something he heard on the radio.
― Chris Barrus (Elvis Telecom), Friday, 10 October 2008 20:03 (fifteen years ago) link
a little corporatism did italy good a while ago amirite
― goole, Friday, 10 October 2008 20:05 (fifteen years ago) link
BOO YA
― BIG HOOS aka the steendriver, Friday, 10 October 2008 20:59 (fifteen years ago) link
v freaked out @ being unemployed right now
― joe 40oz (deej), Friday, 10 October 2008 21:28 (fifteen years ago) link
U (you) gonna die
― Every Day Jimmy Mod Is Hustlin' (Jimmy The Mod Awaits The Return Of His Beloved), Friday, 10 October 2008 21:32 (fifteen years ago) link
lolz Berlusconi what a bozo
― Shakey Mo Collier, Friday, 10 October 2008 21:36 (fifteen years ago) link
viva italia
― original dixieland jaas band (Curt1s Stephens), Friday, 10 October 2008 21:36 (fifteen years ago) link
Berlusconi reversed himself, saying he was just repeating something he heard on the radio
You know these is crazy times when a head of state says this to make it *less* embarrassing
― Ismael Klata, Friday, 10 October 2008 21:45 (fifteen years ago) link
http://www.reuters.com/article/marketsNews/idUSN1039344020081010
But while 17 billionaires on Forbes list lost more than $1 billion in the past month, Buffett managed to boost his wealth by $8 billion to $58 billion, pushing him ahead of Gates, whose fortune fell to $55.5 billion from $57 billion.
hahahaha
― Kerm, Friday, 10 October 2008 23:38 (fifteen years ago) link
amazink
― the valves of houston (gbx), Friday, 10 October 2008 23:55 (fifteen years ago) link
Aaand Krugman wins econoNobel.
― anatol_merklich, Monday, 13 October 2008 11:54 (fifteen years ago) link
Both institutions should stop playing for time, as delay will be destructive: They should merge now with a large foreign financial institution, as no U.S. institution is sound enough and large enough to be a solid merger partner. If John Mack and Lloyd Blankfein don't want to end up like Richard Fuld, they should do a John Thain today and merge as fast as they can with other large commercial banks. Maybe Mitsubishi (other-otc: MSBHY.PK - news - people ) and a bunch of Japanese life insurers can take over Morgan.The only institution sound enough to swallow Goldman may be HSBC (nyse: HBC - news - people ). Or maybe Nomura in Japan should make a bid for Goldman. Either way, Mack and Blankfein should sell at a major discount before they end up like Bear and are offered, in a few weeks, only a couple of bucks a share for their faltering operation. And the Fed and Treasury should tell them to hurry up, as they are both much bigger than Bear or Lehman, and their collapse would have severe systemic effects.
The only institution sound enough to swallow Goldman may be HSBC (nyse: HBC - news - people ). Or maybe Nomura in Japan should make a bid for Goldman. Either way, Mack and Blankfein should sell at a major discount before they end up like Bear and are offered, in a few weeks, only a couple of bucks a share for their faltering operation. And the Fed and Treasury should tell them to hurry up, as they are both much bigger than Bear or Lehman, and their collapse would have severe systemic effects.
vs
http://www.forbes.com/2008/10/09/roubini-goldman-profit-oped-cx_lp1010praag.html
― Dead Cat Bounce (Ed), Monday, 13 October 2008 12:20 (fifteen years ago) link
I just saw that! I love his blog reaction.
(I guess they also figured now was not the year to give it to someone at the U. of Chicago.)
― Ned Raggett, Monday, 13 October 2008 12:47 (fifteen years ago) link
Soros on Bill Moyers Journal last Friday:
http://www.pbs.org/moyers/journal/10102008/profile.html
Probablu the best analysis of the crisis that I've seen on TV.
― o. nate, Monday, 13 October 2008 15:20 (fifteen years ago) link
Probably
― o. nate, Monday, 13 October 2008 15:21 (fifteen years ago) link
Soros's bailout prescription (from the FT):
How to capitalise the banks and save financehttp://www.ft.com/cms/s/0/55b32b9e-9888-11dd-ace3-000077b07658.html
― o. nate, Monday, 13 October 2008 15:52 (fifteen years ago) link
but nothing, I see, on how to regulate so we don't end up right back here.
― Dead Cat Bounce (Ed), Monday, 13 October 2008 16:00 (fifteen years ago) link
Minor details.
― Ned Raggett, Monday, 13 October 2008 16:15 (fifteen years ago) link
At least he's having a go. Instead of the Robert Peston OMG IT'S A ANOTHER FUCKING CATASROPHIC DAY!!! nature of so much so called business comment.
― no amount of cajolery (Ned Trifle II), Monday, 13 October 2008 16:17 (fifteen years ago) link
God, for the past week Radio 4 has sounded like it's on repeat.
― Tracer Hand, Monday, 13 October 2008 16:18 (fifteen years ago) link
but nothing, I see, on how to regulate so we don't end up right back here
I think he must have ideas on that too, but this particular piece is more focused on crisis management to get us through the immediate situation, not on long-term fixes. In any case, he is clearly in favor of common-sense regulations. In the Moyer's interview he lays the blame directly for the crisis at the feet of "free market fundamentalists" who believe that markets can regulate themselves.
― o. nate, Monday, 13 October 2008 16:21 (fifteen years ago) link
Yeah, and not just the news, every bloody programme. Or they introduce something with "And now to take your minds of the crisis in the city here's Ian Hislop*". I know it's big sodding news OK, I know it's momentous times, OK, but as a lowly citizen with no political or financial clout my whole life is not spent thinking about this. OK?
*not a real example but you get my drift.
― no amount of cajolery (Ned Trifle II), Monday, 13 October 2008 16:33 (fifteen years ago) link
As a renter with no savings the whole thing fascinates me and in a way I am kind of rooting for it all to continue. :/ sorry guyz
― Tracer Hand, Monday, 13 October 2008 16:34 (fifteen years ago) link
this is good: http://www.slideshare.net/eldon/sequoia-capital-on-startups-and-the-economic-downturn-presentation
― joseph sixpack (ice crӕm), Monday, 13 October 2008 16:38 (fifteen years ago) link
A rather interesting piece by Fareed Zakaria:
There Is a Silver Lininghttp://www.newsweek.com/id/163449
― o. nate, Monday, 13 October 2008 16:38 (fifteen years ago) link
More signs that the Treasury is converging on a UK-style "capital injection" plan":
Treasury to Invest in `Healthy' Banks, Kashkari Sayshttp://www.bloomberg.com/apps/news?pid=20601087&sid=aevZYw1yDiuA&refer=home
― o. nate, Monday, 13 October 2008 16:58 (fifteen years ago) link
Interesting article that goes to show that being a short-seller in a bear market is still no guarantee of success:
Lehman collapse puts hedge fund in dire straitshttp://money.cnn.com/2008/10/10/news/economy/river_boyd.fortune/?postversion=2008101012
― o. nate, Monday, 13 October 2008 20:15 (fifteen years ago) link
http://media3.washingtonpost.com/wp-dyn/content/photo/2008/10/13/PH2008101300186.jpg
"Soytenly!"
― Ned Raggett, Monday, 13 October 2008 20:18 (fifteen years ago) link
http://www.salon.com/politics/war_room/2008/10/13/mccain_acorn/index.html
lul
― Every Day Jimmy Mod Is Hustlin' (Jimmy The Mod Awaits The Return Of His Beloved), Monday, 13 October 2008 20:41 (fifteen years ago) link
rong thred
― Every Day Jimmy Mod Is Hustlin' (Jimmy The Mod Awaits The Return Of His Beloved), Monday, 13 October 2008 22:24 (fifteen years ago) link
yay inflationary gonzo market bounce (936 pts?) - no, not like 1929 at all. safe to vote for mccain now, whew
― Vichitravirya_XI, Monday, 13 October 2008 22:35 (fifteen years ago) link
And the winners are HSBC, Mitsubishi UFJ and Santader, plus the Chinese, Dubai and Singapore.
― Dead Cat Bounce (Ed), Tuesday, 14 October 2008 09:25 (fifteen years ago) link
As a renter with no savings the whole thing fascinates me and in a way I am kind of rooting for it all to continue
me too! is all this good for us broke-renter guys in some way?
― NI, Tuesday, 14 October 2008 13:27 (fifteen years ago) link
Who do you work for?
― Dead Cat Bounce (Ed), Tuesday, 14 October 2008 13:31 (fifteen years ago) link
That's a good point - I work for a fairly recession-proof company right now
― Tracer Hand, Tuesday, 14 October 2008 13:53 (fifteen years ago) link
it could be really bad if the buy-to-let mortgage on the flat you're renting defaults and you come home to find yr stuff on the kerb, tho.
― stet, Tuesday, 14 October 2008 13:57 (fifteen years ago) link
Love that the big board is crashing this morning.
― Eric H., Tuesday, 14 October 2008 13:58 (fifteen years ago) link