are we screwed ?

[kewp]

Did anyone else see this?

http://globaleconomicanalysis.blogspot.com/2008/01/bank-reserves-go-negative.html

I would think the banks having no cash might be a bit of a problem?

[kewp]

Did anyone else see this?

http://globaleconomicanalysis.blogspot.com/2008/01/bank-reserves-go-negative.html

I would think the banks having no cash might be a bit of a problem?

[Pasadena Broker]

Why is a banks problem, my problem, when ‘I’m doing ok’?

What is this ‘we’ business you guys keep prattling about, I am an island unto myself.

[Pasadena Broker]

Why is a banks problem, my problem, when ‘I’m doing ok’?

What is this ‘we’ business you guys keep prattling about, I am an island unto myself.

[Pasadena Broker]

Why is a banks problem, my problem, when ‘I’m doing ok’?

What is this ‘we’ business you guys keep prattling about, I am an island unto myself.

[Pasadena Broker]

Why is a banks problem, my problem, when ‘I’m doing ok’?

What is this ‘we’ business you guys keep prattling about, I am an island unto myself.

[Pasadena Broker]

Why is a banks problem, my problem, when ‘I’m doing ok’?

What is this ‘we’ business you guys keep prattling about, I am an island unto myself.

[Geedup]

My favorite quote from Warren Buffet (perfectly applies to what happened to our housing market)

“The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities — that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.”

Berkshire Hathaway 2000 Chairman’s Letter

[Geedup]

My favorite quote from Warren Buffet (perfectly applies to what happened to our housing market)

“The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities — that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.”

Berkshire Hathaway 2000 Chairman’s Letter

[Geedup]

My favorite quote from Warren Buffet (perfectly applies to what happened to our housing market)

“The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities — that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.”

Berkshire Hathaway 2000 Chairman’s Letter

[Geedup]

My favorite quote from Warren Buffet (perfectly applies to what happened to our housing market)

“The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities — that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.”

Berkshire Hathaway 2000 Chairman’s Letter

[Geedup]

My favorite quote from Warren Buffet (perfectly applies to what happened to our housing market)

“The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities — that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.”

Berkshire Hathaway 2000 Chairman’s Letter

[JWM in SD]

JWM in SD

“Why is a banks problem, my problem, when ‘I’m doing ok’?

What is this ‘we’ business you guys keep prattling about, I am an island unto myself.”

So I guess you keep all of your money in your mattress right?

So PB, do you work for one of those fourteen organizations that the FBI will be looking into shortly? Who knows, you might have an orange jumpsuit in your future…..

[JWM in SD]

JWM in SD

“Why is a banks problem, my problem, when ‘I’m doing ok’?

What is this ‘we’ business you guys keep prattling about, I am an island unto myself.”

So I guess you keep all of your money in your mattress right?

So PB, do you work for one of those fourteen organizations that the FBI will be looking into shortly? Who knows, you might have an orange jumpsuit in your future…..

[JWM in SD]

JWM in SD

“Why is a banks problem, my problem, when ‘I’m doing ok’?

What is this ‘we’ business you guys keep prattling about, I am an island unto myself.”

So I guess you keep all of your money in your mattress right?

So PB, do you work for one of those fourteen organizations that the FBI will be looking into shortly? Who knows, you might have an orange jumpsuit in your future…..

[Author]

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