Posts Tagged ‘ Financial Disaster ’

For the great day of his wrath is come; and who shall be able to stand?

April 27, 2009
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For the great day of his wrath is come; and who shall be able to stand?

Things have been looking grim lately. The global economic meltdown. Swine flu outbreaks. Can things get any worse? Yes, yes they can. Much worse. I never thought it would come to this, but there’s no denying it. Our worst fears have been realized. Truly, we are damned. – read. like. support. – Funny Headline...
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Posted in Culture, Money | 1 Comment »

Would you like to know what “financial crisis” means?

October 27, 2008
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Would you like to know what “financial crisis” means?

I know I did. If you have not listened to the This American Life Episode #365, I highly recommend it.  It’s informative, impartial, and interesting.  (iii reflects !!!) My favorite part of the program was the 2nd piece on credit default swaps. Ira tells* us that “one way to think about this product is...
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Posted in Money | 1 Comment »

Humpty Dumpty, or Can Anybody Spot AIG $75 Billion or So?

September 16, 2008
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Humpty Dumpty sat on a wall. Humpty Dumpty had a great fall. All the king’s horses and all the king’s men Couldn’t put Humpty together again. Well, shit. Fat chance I’ll get a job in New York now. In other news, the U.S. financial system appears to be imploding. The Dow was down 500...
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Posted in Money | 9 Comments »

Gulf Coast Exchange Rises Slightly After Ike; Most Fish Optimistic

September 15, 2008
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North America’s largest fish stock exchange rose slightly today amid fears over damage from Hurricane Ike’s weekend wrath, and amid a sudden slip in human financial markets worldwide. But a few nerve-racking days were apparently not enough to cause alarm in the current fish bull market. Even with major human financial firms going belly...
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Posted in Money | 4 Comments »

Nonpretentious: Your Home for Meltdown Madness

September 15, 2008
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Well, it’s no catastrophe — yet. The Dow was down around 500 pts by the end of trading — it’s worst drop in 7 years. But we’re not out of the woods. When AIG goes under, there’s no telling how much farther it could go. Barring a miracle, AIG has a few days of...
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Posted in Money | 1 Comment »

1929?

September 15, 2008
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Will the financial system crash tomorrow? Will the stock market? We’re about to find out. Lehman Brothers went bankrupt today (Sunday). AIG will go under mid-week. Merrill Lynch has just sold itself to Bank of America to stave off failure. Washington Mutual, the country’s largest savings and loan, is teetering on the edge of...
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Posted in Money | 4 Comments »