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House Price Crash Forum


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About yaakov

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  1. http://www.theatlantic.com/doc/200905/imf-advice This is the best article I have ever read on this crisis bar none everyone must read the whole article - it is superb.
  2. Obama has proven himself to be useless and out of his depth, surrounded by useless idiots like Geithner. So there is no hope
  3. not a big deal - just pointing out that you are in the habit of claiming people are going to be murdered
  4. I am not picking on nurses in particular. I am objecting to the idea that you have to get a degree in order to be respected by society. There are many worthwhile, admirable and vital jobs done by people who haven't had a university education. I don't think we should get into the way of thinking that they are somehow to be looked down on. It is just that different people have different strengths and weaknesses.
  5. I must admit that I'm also an academic and I also get paid a lot less than my peers. However, I do feel it is something of a privilege to get paid to do something I enjoy doing. I know that not many people in other lines of work look forward to going in to work everyday. And we must also remember we are being paid to do this by the taxpayer.
  6. so that's why he wasn't shot then? Funny how reality never turns out how you expect but you always have a post hoc rationalisation
  7. you have to draw the line somewhere. You don't become a lawyer by doing a degree - that is also a vocational qualification you do afterwards. Do you think car mechanics should get degrees? Degrees are for academically minded people not everyone. That is not to say academics are superior or deserve better pay or deserve more respect.
  8. you mean like when you predicted Obama was going to be shot at his inauguration? You really are a silly prat.
  9. That should be a vocational qualification not a degree.
  10. not a lot but a few. Anyway wont say anything further and make any more of a fool of myself.
  11. if it isn't intended in a malicious way then fair enough, it is just that I have come across a number of pretty unpleasant people on here. don't worry about it unless this thread get hijacked by the usual suspects
  12. how has his religion got anything to do with it?
  13. I think he will be another failure of a president. He's employing many of the same old incompetents that got us into this mess and never saw it coming - Summers, Geithner, etc but not anyone outside of this group. Volker is being ignored and marginalised. He can talk better than Bush but his actions are little better.
  14. I could be wrong of course but now I am very confused and it is probably more likely that you are right than I am right However, I still don't see how this is any different from a commercial bank creating credit. In both cases don't they just create a liability and an asset, expanding their balance sheet? The money the central bank creates is backed by the quality of the assets in the same way a commercial bank's credit is backed by its assets. They could just buy DVDs but then that would just store up problems for the future.
  15. same for me. In fact I'm not sure I ever really thought about it very deeply until 2007. However, I think hotairmail has QE wrong as I posted above.
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