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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Posts Tagged ‘ Financial Disaster ’
For the great day of his wrath is come; and who shall be able to stand?
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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Humpty Dumpty, or Can Anybody Spot AIG $75 Billion or So?
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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Gulf Coast Exchange Rises Slightly After Ike; Most Fish Optimistic
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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Nonpretentious: Your Home for Meltdown Madness
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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1929?
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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