You must have different politicians there than we have here.. Even at the local level elected officials become instantly wealthy.. Its amazing how much kickback and 'special' deals are made at all levels of our current government..

Personally, I want to shoot them all, set term limits at 2 for every office at every level, and post all their heads on pikes as a warning to all future politicians..


Bonus points for knowing where this is from

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Steve : Animal Charms Animal Jewelry | Fishing Blog
I'm smelling a whole lot of if coming off of this plan.

Like Canada, we are lucky enough to have a prime minister that is an economist. Personally I prefer that to a Harvard educated lawyer in these times

But it is not only the Governments and international organizations responsibility to create a sound framework. What about the Congress ?? that give the laws? What about about media's responsibility? In a sense we are all responsible for the bubble as long as we are all part of the social mood. You may not smell the bad air if you are used to it. You must sit outside a bubble to identify it. It is difficult for an insider to identify it. Do you know what clean water is if you have never seen it?

Back to main topic:

Financial markets like the mortgage market and the housing market are (can be) modeled in macroeconomic models. It is called the transmission mechanism. You may be correct that it is wrongly / badly modeled. Financial bubbles should raise red flags in economic models or at least in the monitoring system. But the sub prime mortgage problem and the burst of the housing bubble is only part of the complete macroeconomic recession. The burst of the housing bubble that created the bank crisis and credit crunch may have been the trigger that via the transmission mechanism led to the recession. In my personal opinion the risk of a depression is far from over.

cw1865 have pointed to your balance of payment and the current account. Imports have two main components:

1. Investment goods and services.
2. Consumption goods and services.

And your propensity to consume (mirrored by the propensity to save) may not be sustainable. You may (have) be(en) on a bubbled consumption path as well. That may be more serious, but in the end, the market will fix the imbalance.

When the hight of a wave increases, its mass increases exponentially, as does the energy when it is broken.

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A lot of banks reporting good earnings. That is a strong signal.

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Has anyone posted or seen this yet? http://www.youtube.com/watch?v=VSwWy4E6I04

Mad Max is a trip and at the least entertaining in his financial discussions/tirades.

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William Cross
Expert Search Engine Optimization

Empty (and my addition black) boxes (read (exotic) structured products) that you need a masters degree in mathematical finance to understand, has been sold by the big banks here too. The same social mood (wave). There has been questions about bringing the banks to court. At present it is silent (before the storm?).

Who said: Don't invest in anything that you don't understand.

It has been worse:
People had (during the tulip bulb mania in Holland) bought tulip bulbs priced higher than your house. Do you understand what a tulip bulb is? Are you able to see the bubble when you are sitting deep inside it?

There is a popular saying: Sell hysteria and buy panic.

There is some wisdom in that saying.

Regarding exotic financial solutions: Two examples of search terms

path dependent options

"vic product" finance

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Recently, I have got two anonymous red rep points in this thread. I will stop posting here unless it is

1. Made sticky.
2. Star rated by the site Admin.

No point for me to give negative input to WPW.

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So, because 2 people gave you red rep in this thread you take the attitude "I'm gonna take my toys and go home unless someone does something to stop someone teasing me"?

Kjell: you are better than that. That is school child mentality.

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William Cross
Expert Search Engine Optimization

My last rep to you was green last night (the rep about the WWII post), I'm sure that had more power than the two reds combined..

People worrying about rep, whether they get red or green, are focused on the wrong things I guess.. I know the last 2 red reps I got were on nothing posts and all they said was "*".. (from you and Deepsand - yours was the '*' on the post at the very top of this page, interesting comment BTW) Not real sure what that comment was supposed to mean, but that was what you had to say..

I honestly don't care.. It shows a level of maturity from someone, or some people, that have decided I need to be taught a lesson about something.. Again, don't care.. I would suggest that you not worry about it and move on.. But that's me.. And I'm mostly insane..

So neener neener neener...

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Steve : Animal Charms Animal Jewelry | Fishing Blog
I'm smelling a whole lot of if coming off of this plan.

I am sure that other people look at the rating system. Why should I use my background in a thread where the feedback is negative?

And it is done so manipulative. Nobody involved in the system should be able to watch it. That is high school statistics.

Again time = money.

Negative feedback where you thought you could contribute most is even worse.

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Once again, you are concentrating on pixels Kjell. I know you are smarter than that. I definately know you should be able to rise above trying to bully people.

But, I do the eye for an eye thing. or maybe I should say * for * thing. So be seeing you.

Personally, I think someone handed you a line of crap that you bit on hardily.

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William Cross
Expert Search Engine Optimization

You mean like the '*' you gave me??

Like I said, I don't really care.. Someone is obviously feeding you a line and you are believing it, otherwise I doubt you would act the way you are.. You've never thrown random negative rep before, and on posts that would be hard to find a reason to red rep..

I'm glad to see that you guys could turn yet another thread in to a thread about rep wars.. Maybe we can make it a TV show on the Discovery Channel..

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Steve : Animal Charms Animal Jewelry | Fishing Blog
I'm smelling a whole lot of if coming off of this plan.

Perhaps I didn't make myself clear the last time this "subject" came up.

TAKE IT OFF THE BOARDS!

I will start giving out 1-7 day bans if it continues. And that includes EVERYONE!

Dave

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Religious-Jewelry Blog - Deep Link Directory - Religious Jewelry

I am not afraid of going red and are sharing destiny with another (other) WPW members. I shall promise you one thing, if nothing happens, and I live one moderator at this forum shall get red rep points until the remark is removed.

I see two ways to avoid that:

1. Hindering me from red repping him.
2. He removes the remark.

Feydakin, thank you for your green Rep Point. I thought you said that you signed yours in another thread, but I may be wrong.

I think I stop discussing further in this thread. IMO it is closed, unless ...

No problem for me.

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You just got 24 hrs kgun. Who's next?

Dave

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Interesting link. Something tells me he doesn't like Goldman Sachs. Seems our sense of 'corporate villain' changes over time....is Goldman Sachs now ahead of Exxon? (equal perhaps).

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Guess I need the newest FLASH version.... sigh.

Is there a time limit or will we hang in suspension foreVer?