Wednesday, Nov 19, 2008
On your bike, Mr Watanabe
BBC News: Global liquidity crisis 'is over'
Crisis is over folks.
Posted by fjcruiser @ 03:19 PM (1119 views) Add Comment
12 Comments
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1. Hubbers said...
Phew. That was close. I'll just tell the 5 people in my team who are being let go this month.
2. japanese uncle said...
HPC will further progress for the next few years, while US and UK share another serious issue, credit card debt default, which has global implications including Japan. How can anyone in his right mind can say 'crisis is over'?
3. hubbers said...
"Good" news like this must have come from the banks or estate agents.
4. rm96696 said...
Great news. And winter is almost over.
5. yorkshireman said...
I believe we just heard the first cuckoo of the spring,
6. jack c said...
The public won't believe this until it appears in The Sun newspaper - I'm e-mailing Rebekah Wade right now.
7. theboltonfury said...
that's great news. Anyone know where I can get a 125% mortgage?
8. paul said...
The liquidity crisis is over - this has been a solvency crisis for some time.
9. Bertywooster said...
Spin planted and broadcast by nu labour's favourite broadcaster. I suspect the lad who was brought back to clean the nu labour stables ready for a spring election.
10. down wave said...
The BBC (Broken Biscuit Company) will discover to their amazement that they have been wrong all along, feeding spin to their viewers, only when they see a sharp fall in TV license returns and people lock their TV sets up in their lofts as they will be unable to pay.
Then and only then, will they regret their errors of the past, by not keeping their clients fully informed with truth. Bending over to NU labour instead of maintianing loyalty to their viewers is derisory, lazy complacent behaivour.
11. peter_2008 said...
FTSE down near 5%, oil drops below $50. Liquidity Crisis is over because soon there will be no liquidity at all!
Interesting this claim is made by Japanese.
12. 51ck-6-51x said...
I do not like the article. It is spin.
I do not like the comments here as I do not totally agree. Here are my thoughts:
The *liquidity* crisis has definitely eased - the money markets are showing that. Lenders are offering more competitive prices than central banks on overnight and 1w in the unsecured interbank market. As I have said before it is mostly a game of waiting for the waters to be tested - once the ball starts to roll it gathers pace - of course any momentum will certainly be damped by the economic outlook.
The financial & crisis is not over and the economic turbulence caused has only just started.