Thursday, Nov 08, 2007
A new scenario born in the USA. Surging inflation+sliding interest rates.
The Fed: U.S. faces risks of downturn, inflation: Bernanke
"Quite frankly, I think we are at a moment of economic crisis stemming from four key areas: falling housing prices, lack of confidence in creditworthiness, the weak dollar and high oil prices," said Schumer, D-N.Y.
"Each of these problems alone would be enough of a threat to our economic well-being. But taken together, they are essentially the four horsemen of economic crisis."
Posted by yoyo1 @ 10:10 PM (640 views) Add Comment
7 Comments
- 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. yoyo1 said...
I suppose it can't get much worse.
2. stillthinking said...
The only excuse for this transfer of wealth is that the net losers haven't bothered to do anything.
Which I totally accept and agree with. One year of looking at this site and already I am prepared to kick the peasants.
3. planning4acrash said...
stillthinking, what do you mean? Why do you want to kick peasants? and who are they?!
4. enuii said...
Most of us are modern day peasants, tied to working our fingers to the bone in order to satisfy our feudal landlords of either the BTL or Banking variety. Being financially kicked in the assetz is what life is all about coz it makes us work harder and become increasingly more grateful for the stuff we crave to buy at the end of the month on pay day.
Bring it on, kick me in the wallet, I can take it, kick me harder, ooooh that hurts, I like it, more-more!
5. stillthinking said...
OK, I am a peasant as well. I only have 3k savings, so I am pretending.
As I can't kick myself, I propose to kick the people who irritate me the most, i.e. Labour voters. Even then, I will only kick the smallest and least aggressive of them.
I dream a big dream. Instead of the sh*t job I have now teaching people programming, my dream puts me in a bank on the telephone, where I buy and sell millions on our fake money system.
6. Orwell said...
And the US electorate continue to elect a sub intelligent moron like Bush...
7. paul said...
[thud]
[King Arthur music]
[thud thud thud]
[King Arthur music stops]
ARTHUR:
Old woman!
DENNIS:
Man!
ARTHUR:
Man. Sorry. What knight lives in that castle over there?
DENNIS:
I'm thirty-seven.
ARTHUR:
I-- what?
DENNIS:
I'm thirty-seven. I'm not old.
ARTHUR:
Well, I can't just call you 'Man'.
DENNIS:
Well, you could say 'Dennis'.
ARTHUR:
Well, I didn't know you were called 'Dennis'.
DENNIS:
Well, you didn't bother to find out, did you?
ARTHUR:
I did say 'sorry' about the 'old woman', but from the behind you looked--
DENNIS:
What I object to is that you automatically treat me like an inferior!
ARTHUR:
Well, I am King!
DENNIS:
Oh, King, eh, very nice. And how d'you get that, eh? By exploiting the workers! By 'anging on to outdated imperialist dogma which perpetuates the economic and social differences in our society. If there's ever going to be any progress with the--
WOMAN:
Dennis, there's some lovely filth down here. Oh! How d'you do?
ARTHUR:
How do you do, good lady? I am Arthur, King of the Britons. Who's castle is that?
WOMAN:
King of the who?
ARTHUR:
The Britons.
WOMAN:
Who are the Britons?
ARTHUR:
Well, we all are. We are all Britons, and I am your king.
WOMAN:
I didn't know we had a king. I thought we were an autonomous collective.
DENNIS:
You're fooling yourself. We're living in a dictatorship: a self-perpetuating autocracy in which the working classes--
WOMAN:
Oh, there you go bringing class into it again.
DENNIS:
That's what it's all about. If only people would hear of--
ARTHUR:
Please! Please, good people. I am in haste. Who lives in that castle?
WOMAN:
No one lives there.
ARTHUR:
Then who is your lord?
WOMAN:
We don't have a lord.
ARTHUR:
What?
DENNIS:
I told you. We're an anarcho-syndicalist commune. We take it in turns to act as a sort of executive officer for the week,...
ARTHUR:
Yes.
DENNIS:
...but all the decisions of that officer have to be ratified at a special bi-weekly meeting...
ARTHUR:
Yes, I see.
DENNIS:
...by a simple majority in the case of purely internal affairs,...
ARTHUR:
Be quiet!
DENNIS:
...but by a two-thirds majority in the case of more major--
ARTHUR:
Be quiet! I order you to be quiet!
WOMAN:
Order, eh? Who does he think he is? Heh.
ARTHUR:
I am your king!
WOMAN:
Well, I didn't vote for you.
ARTHUR:
You don't vote for kings.
WOMAN:
Well, how did you become King, then?
ARTHUR:
The Lady of the Lake,...
[angels sing]
...her arm clad in the purest shimmering samite, held aloft Excalibur from the bosom of the water signifying by Divine Providence that I, Arthur, was to carry Excalibur.
[singing stops]
That is why I am your king!
DENNIS:
Listen. Strange women lying in ponds distributing swords is no basis for a system of government. Supreme executive power derives from a mandate from the masses, not from some farcical aquatic ceremony.
ARTHUR:
Be quiet!
DENNIS:
Well, but you can't expect to wield supreme executive power just 'cause some watery tart threw a sword at you!
ARTHUR:
Shut up!
DENNIS:
I mean, if I went 'round saying I was an emperor just because some moistened bint had lobbed a scimitar at me, they'd put me away!
ARTHUR:
Shut up, will you? Shut up!
DENNIS:
Ah, now we see the violence inherent in the system.
ARTHUR:
Shut up!
DENNIS:
Oh! Come and see the violence inherent in the system! Help! Help! I'm being repressed!
ARTHUR:
Bloody peasant!
DENNIS:
Oh, what a give-away. Did you hear that? Did you hear that, eh? That's what I'm on about. Did you see him repressing me? You saw it, didn't you?