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barnaby33ParticipantI don’t know about kissing on a first date, but if sex isn’t an option by the third date, something is seriously wrong.
Josh
barnaby33ParticipantI don’t know about kissing on a first date, but if sex isn’t an option by the third date, something is seriously wrong.
Josh
barnaby33ParticipantWouldn’t a sh*tty asset crisis by definition imply liquidity problems. Inability and unwillingness to loan result in the same exact consequence; that of less loans. Hence credit contraction is what the FED is fighting. Liquidity crisis is really just a proxy for insolvency crisis, which leads to loss of confidence as you mentioned. This then rolls up into credit contraction with is deflationary, which is where the real crisis comes full circle. If deflation takes hold, all those sh*tty assets levered to the hilt will REALLY become toxic, or completely worthless, choose your phase to suit.
Josh
barnaby33ParticipantWouldn’t a sh*tty asset crisis by definition imply liquidity problems. Inability and unwillingness to loan result in the same exact consequence; that of less loans. Hence credit contraction is what the FED is fighting. Liquidity crisis is really just a proxy for insolvency crisis, which leads to loss of confidence as you mentioned. This then rolls up into credit contraction with is deflationary, which is where the real crisis comes full circle. If deflation takes hold, all those sh*tty assets levered to the hilt will REALLY become toxic, or completely worthless, choose your phase to suit.
Josh
barnaby33ParticipantWouldn’t a sh*tty asset crisis by definition imply liquidity problems. Inability and unwillingness to loan result in the same exact consequence; that of less loans. Hence credit contraction is what the FED is fighting. Liquidity crisis is really just a proxy for insolvency crisis, which leads to loss of confidence as you mentioned. This then rolls up into credit contraction with is deflationary, which is where the real crisis comes full circle. If deflation takes hold, all those sh*tty assets levered to the hilt will REALLY become toxic, or completely worthless, choose your phase to suit.
Josh
barnaby33ParticipantWouldn’t a sh*tty asset crisis by definition imply liquidity problems. Inability and unwillingness to loan result in the same exact consequence; that of less loans. Hence credit contraction is what the FED is fighting. Liquidity crisis is really just a proxy for insolvency crisis, which leads to loss of confidence as you mentioned. This then rolls up into credit contraction with is deflationary, which is where the real crisis comes full circle. If deflation takes hold, all those sh*tty assets levered to the hilt will REALLY become toxic, or completely worthless, choose your phase to suit.
Josh
barnaby33ParticipantWouldn’t a sh*tty asset crisis by definition imply liquidity problems. Inability and unwillingness to loan result in the same exact consequence; that of less loans. Hence credit contraction is what the FED is fighting. Liquidity crisis is really just a proxy for insolvency crisis, which leads to loss of confidence as you mentioned. This then rolls up into credit contraction with is deflationary, which is where the real crisis comes full circle. If deflation takes hold, all those sh*tty assets levered to the hilt will REALLY become toxic, or completely worthless, choose your phase to suit.
Josh
barnaby33ParticipantNice advert, but I think a better wig would have been in order for the photo.
Josh
barnaby33ParticipantNice advert, but I think a better wig would have been in order for the photo.
Josh
barnaby33ParticipantNice advert, but I think a better wig would have been in order for the photo.
Josh
barnaby33ParticipantNice advert, but I think a better wig would have been in order for the photo.
Josh
barnaby33ParticipantNice advert, but I think a better wig would have been in order for the photo.
Josh
barnaby33ParticipantEconomists have correctly predicted 9 of the last 5 recessions. Thats some good odds Chris. In America we have a culture of belief in expertise, the more arcane the subject the more we need experts. Since most people, myself included have only a fraction of an inkling of how our economy works, we tend to defer to experts; at least those that share our bias.
Americans need experts so badly that they don’t even bother to check most of the time the actual qualifications of said experts. There are a lot of experts out there, many masquerading as economists.
I want that extra 10% IQ, at least I think I do.
Joshbarnaby33ParticipantEconomists have correctly predicted 9 of the last 5 recessions. Thats some good odds Chris. In America we have a culture of belief in expertise, the more arcane the subject the more we need experts. Since most people, myself included have only a fraction of an inkling of how our economy works, we tend to defer to experts; at least those that share our bias.
Americans need experts so badly that they don’t even bother to check most of the time the actual qualifications of said experts. There are a lot of experts out there, many masquerading as economists.
I want that extra 10% IQ, at least I think I do.
Josh -
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