howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#1
things are so serious now that some of our top financial chaps/chapesses might have to work late this evening.
http://www.guardian.co.uk/business/2012/jan/13/eurozone-crisis-live-markets-italian-bond-saleGuest 655- Registered: 13 Mar 2008
- Posts: 10,247
#2
Been at an investment and economic conference last two days in the City. I will be blogging on these matters tomorrow.
Guest 725- Registered: 7 Oct 2011
- Posts: 1,418
#3
Are these the same economists who missed the last crash, the one before that and all the others before that?
Better off reading zerohedge, the slog, or reading "The great reckoning". Save yourself the bus fare.
ps. Good to see France's credit rating being downgraded. They'll probably blockade all their ports and burn cows now in protest.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#4
Actually Phillip - it seems they did foresee the crash and the Eurozone problems in particular, but governments chose to ignore it, saying they would not let it happen (that's right!!!! I have mentioned politicians bloated egos and vanity before).
Stephanie Flanders of the BBC who is also an economist was the key-note speaker on the first day but she disappointed because she spoke more as a journalist than an economist.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
#5
Typical BBC.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#6
it is all rather worrying - the poor devils in the city are having to work late on poets day purely because the world is in financial crisis.
this could take the edge off their entire weekend.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
#7
Don't worry Howard, it will all be taken into account at bonus time.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 725- Registered: 7 Oct 2011
- Posts: 1,418
#8
I wouldn't trust Stephanie Flanders to tell me the time, quite frankly. She's got it wrong on many occasions just as most other "expert" economists have.
You are dead wrong about economists foreseeing the crash and being ignored by politicians. This is so fundamentally wrong. Most mainstream economists were of the mindset that we have entered a new age and things would go on getting better forever and a day.
The only economists and commentators who did predict what was about to happen including the likes of Peter Schiff, Gerald Celente to name but two were ridiculed by virtually every one of these groupthink idiots.
She has an agenda which is tilted to the left which fits in well with BBC thinking.
And don't get me started on Robert Peston...........
Guest 698- Registered: 28 May 2010
- Posts: 8,664
#9
I predicted the current major downturn in July 2007.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
#10
Italy's BBB grading will make it a back-water economy, like one of those smelly side-canals in Venice
