Sunday, Jun 24, 2007
Did China cause the Giglobubu, Granddad?
bloomberg.com: Granddad, Did You Believe in Central Banks
``Granddad Benny, is it true that central bankers used to believe they could steer the global economy with quarter-point twitches in overnight rates?'' Granddad looked up from his GoogleSoft iSpreadsheet, where a flashing red ``health care'' box was blocking 2027's planned expenditure from matching the income cell. ``Yes, Joel. For about a decade we all believed central banks could ensure people had jobs, and could afford food and housing and such. That all changed after the Gigantic Global Bubble Burst of 2008.''
Posted by out of control speculators @ 11:46 AM (142 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. mike said...
News posters REALLY need to start reading other news. this was posted DAYS ago!