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Another TGRR prophecy comes true.

Started by The Good Reverend Roger, January 22, 2008, 02:55:55 AM

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The Good Reverend Roger

January 22, 2008, 02:55:55 AM
Go hit the financial pages.

Put a diaper on first.

:lulz:
" It's just that Depeche Mode were a bunch of optimistic loveburgers."
- TGRR, shaming himself forever, 7/8/2017

"Billy, when I say that ethics is our number one priority and safety is also our number one priority, you should take that to mean exactly what I said. Also quality. That's our number one priority as well. Don't look at me that way, you're in the corporate world now and this is how it works."
- TGRR, raising the bar at work.

Faust

#1
January 22, 2008, 02:57:45 AM
what what what? its 3am here.
Sleepless nights at the chateau

The Good Reverend Roger

#2
January 22, 2008, 02:59:09 AM
Quote from: Faust on January 22, 2008, 02:57:45 AM
what what what? its 3am here.

Check this out:

http://quotes.ino.com/chart/?s=CBOT_ZN.H08.E

Biggest bond move ever.

The Chinese banks are taking a nose dive.

Most of Asia, Europe, and - of course - the USA are in freefall.
" It's just that Depeche Mode were a bunch of optimistic loveburgers."
- TGRR, shaming himself forever, 7/8/2017

"Billy, when I say that ethics is our number one priority and safety is also our number one priority, you should take that to mean exactly what I said. Also quality. That's our number one priority as well. Don't look at me that way, you're in the corporate world now and this is how it works."
- TGRR, raising the bar at work.

Cain

#4
January 22, 2008, 03:00:32 AM
Looks like roughly 6% hits on all the major markets.  Except Japan, who took over double that.  Jesus.

Of course, they're never going to find those bad loans.  Not a chance.

Faust

#5
January 22, 2008, 03:05:28 AM
I don't understand most of this.
what does it mean to a european?
Sleepless nights at the chateau

Cain

#6
January 22, 2008, 03:11:29 AM
Gonna be harder to get a job in the near future.  Almost certainly a recession in the making.

Basically, the international monetary system has been fucked up so much, no-one wants to lend money to each other much anymore.  Which is kind of a shame, since the lending of money is what constitutes most of the international economy.  No-one knows where the maggot in the apple, the sub-prime loans, are.  And that's bad, because it automatically makes lenders and speculators suspicious.  What if this bank is backed up using subprime loans etc

The best bit is the banks themselves probably don't know.  So there wont be an easy solution.  Hooray, deregulation of the banking system!  3 cheers for policing yourselves!

Faust

#7
January 22, 2008, 03:15:27 AM
ireland is corporate enough without them giving them more incentives. they will just slash healthcare.... shit.
you know its about time someone called america on its debt.
Sleepless nights at the chateau

Cain

#8
January 22, 2008, 03:18:26 AM
Problem is, what if America defaults?  China owns most of the US debt, and is aware its own economic fortune is tied up in that of the USA's, as does the EU and Japan.  There might be a stronger incentive for the Chinese to call in US debts, in theory, but in practice I can't see it.

Faust

#9
January 22, 2008, 03:19:49 AM
I just thought it would be funny to do, roger explained the ramifications of it to me before
Sleepless nights at the chateau

The Good Reverend Roger

#10
January 22, 2008, 03:22:11 AM
Quote from: Cain on January 22, 2008, 03:00:32 AM
Looks like roughly 6% hits on all the major markets.  Except Japan, who took over double that.  Jesus.

Of course, they're never going to find those bad loans.  Not a chance.

Crap.

Japan is the only country buying our bonds, and the Chinese are selling like crazy.
" It's just that Depeche Mode were a bunch of optimistic loveburgers."
- TGRR, shaming himself forever, 7/8/2017

"Billy, when I say that ethics is our number one priority and safety is also our number one priority, you should take that to mean exactly what I said. Also quality. That's our number one priority as well. Don't look at me that way, you're in the corporate world now and this is how it works."
- TGRR, raising the bar at work.

The Good Reverend Roger

#11
January 22, 2008, 03:23:27 AM
Quote from: Cain on January 22, 2008, 03:11:29 AM
Gonna be harder to get a job in the near future.  Almost certainly a recession depression in the making.


Look at China.  Also, look at American bonds.

:lulz:
" It's just that Depeche Mode were a bunch of optimistic loveburgers."
- TGRR, shaming himself forever, 7/8/2017

"Billy, when I say that ethics is our number one priority and safety is also our number one priority, you should take that to mean exactly what I said. Also quality. That's our number one priority as well. Don't look at me that way, you're in the corporate world now and this is how it works."
- TGRR, raising the bar at work.

The Good Reverend Roger

#12
January 22, 2008, 03:24:32 AM
Quote from: Faust on January 22, 2008, 03:19:49 AM
I just thought it would be funny to do, roger explained the ramifications of it to me before

Just think of it as 3 huge rednecks surrounding you at the bar.

You need to go to the bathroom.

They need to stab you and then fuck you in the wounds.
" It's just that Depeche Mode were a bunch of optimistic loveburgers."
- TGRR, shaming himself forever, 7/8/2017

"Billy, when I say that ethics is our number one priority and safety is also our number one priority, you should take that to mean exactly what I said. Also quality. That's our number one priority as well. Don't look at me that way, you're in the corporate world now and this is how it works."
- TGRR, raising the bar at work.

hooplala

#13
January 22, 2008, 03:25:04 AM
Shit, I have no idea what any of that means.

It's like Latin, except that I understand a little Latin.
"Soon all of us will have special names" — Professor Brian O'Blivion

"Now's not the time to get silly, so wear your big boots and jump on the garbage clowns." — Bob Dylan?

"Do I contradict myself?
Very well then I contradict myself,
(I am large, I contain multitudes.)" — Walt Whitman

The Good Reverend Roger

#14
January 22, 2008, 03:25:13 AM
Quote from: Cain on January 22, 2008, 03:18:26 AM
Problem is, what if America defaults? 


"A thousand years of darkness."

:lulz:
" It's just that Depeche Mode were a bunch of optimistic loveburgers."
- TGRR, shaming himself forever, 7/8/2017

"Billy, when I say that ethics is our number one priority and safety is also our number one priority, you should take that to mean exactly what I said. Also quality. That's our number one priority as well. Don't look at me that way, you're in the corporate world now and this is how it works."
- TGRR, raising the bar at work.
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