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They tried to warn us. Some of us listened.
Others made excuses and bitched about "doom and gloomers"
Read it, and weep for your own stupidity, you know who you are.
.-=d00b
.
BIS warns of Great Depression dangers from credit spree
By Ambrose Evans-Pritchard - 25 Jun 2007
The Bank for International Settlements, the world's most prestigious
financial body, has warned that years of loose monetary policy has
fuelled a dangerous credit bubble, leaving the global economy more
vulnerable to another 1930s-style slump than generally understood.
"Virtually nobody foresaw the Great Depression of the 1930s, or the
crises which affected Japan and southeast Asia in the early and late
1990s. In fact, each downturn was preceded by a period of non-
inflationary growth exuberant enough to lead many commentators to
suggest that a 'new era' had arrived", said the bank.
The BIS, the ultimate bank of central bankers, pointed to a confluence
a worrying signs, citing mass issuance of new-fangled credit
instruments, soaring levels of household debt, extreme appetite for
risk shown by investors, and entrenched imbalances in the world
currency system.
"Behind each set of concerns lurks the common factor of highly
accommodating financial conditions. Tail events affecting the global
economy might at some point have much higher costs than is commonly
supposed," it said.
- more -
http://www.telegraph.co.uk/finance/economics/2811081
/BIS-warns-of-Great-Depression-dangers-from-credit-s
pree.html
or
http://tinyurl.com/5pkuwn
.
Doobie Keebler <k...@g...com> wrote in
news:5a3c8a89-7fda-487a-a5b9-e2b53eda3c88@n10g2000yq
m.googlegroups.com:
> They tried to warn us. Some of us listened.
AERONUT WARNED US
AND WARNED US
AND WARNED US
some listened
some killfiled
> the world's most prestigious financial body,
>
> The BIS, the ultimate bank of central bankers,
that smell?...it's the new world odor... err..order
the only thing hurting globbal economies is SOCIALISM which spends more
money than it takes in...
DISOBEY !
On Dec 1, 2:31 pm, c...@w...net wrote:
> the only thing hurting globbal economies is SOCIALISM which spends more
> money than it takes in...
>
> DISOBEY !
Mike, I suggest you go back and read that article before you embarass
youurself further.
It was published by the Bank for International Settlements, the "elite
Central Bank of Central Bankers," hardly left wing.
They may be among the few remaining genuine 'conservatives' remaining!
Comix, you've been wrong about just about everything, and it's time
for you to fess up to your errors.
.-=d00b
.
ausound wrote:
> Doobie Keebler <k...@g...com> wrote in
> news:5a3c8a89-7fda-487a-a5b9-e2b53eda3c88@n10g2000yq
m.googlegroups.com:
>
>> They tried to warn us. Some of us listened.
>
> AERONUT WARNED US
> AND WARNED US
> AND WARNED US
> some listened
> some killfiled
>
>
>> the world's most prestigious financial body,
>>
>> The BIS, the ultimate bank of central bankers,
>
> that smell?...it's the new world odor... err..order
>
>
I wonder what Island Paradise he is sipping umbrella drinks
on the beach at?
On Dec 1, 11:14 am, Doobie Keebler <k...@g...com> wrote:
> They tried to warn us. Some of us listened.
>
> BIS warns of Great Depression dangers from credit spree
> By Ambrose Evans-Pritchard - 25 Jun 2007
Good article Doob, but frankly the deadline of 25 June 2007 is a day
late and a dollar short. By that time, even before (spring '07), the
bubble was already bursting. So this is just a literary sleight of
hand, where the gypsy sees how you're going to react, reads your face,
and tells you what you are about to say. It's "magic" but a trick.
Now had the article been written a few years before, in 2005 or 2006,
then it really would have been prophetic.
RL
citi just bought a $20bil toll road in spain....
guess theyll need another loan to stay afloat.
i've been wrong about nothing. i predicted this democrat congress would
drive the economy down and i said why they would do it; to destroy our
freedoms and advance their socialist cult agenda.....
as a REAL right winger, these international bankers are the pefect
example of socialism=communism because as we right wingers know,
"internationalism = communism"...
DISOBEY !
c...@w...net wrote in news:22343-49345A72-550@storefull-
3333.bay.webtv.net:
> i've been wrong about nothing. i predicted this democrat congress would
> drive the economy down and i said why they would do it; to destroy our
> freedoms and advance their socialist cult agenda.....
> as a REAL right winger, these international bankers are the pefect
> example of socialism=communism because as we right wingers know,
> "internationalism = communism"...
>
> DISOBEY !
>
>
Concurrency is Causality in the most primtive minds.
Accelerate the Contradictions !
On Dec 1, 3:25 pm, raylopez99 <r...@g...com> wrote:
> Good article Doob, but frankly the deadline of 25 June 2007 is a day
> late and a dollar short. By that time, even before (spring '07), the
> bubble was already bursting. . .
I agree, yet, to idiots like Comix it's a 'lie' and 'left wing
propaganda'.
This just points out the truth, and that the truth was there for all
to see a year ago, or more.
.-=d00b
.
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