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EconProf
ParticipantGreekfire: your are sooo right.
And it wasn’t even very long ago. What is remarkable is how this crisis resembles the Long Term Capital Management moment of, I believe 1998. Then LTCM used extremely high leverage, a complicated and flawed economic model with innovative new tools, and even a Nobel-prize winning economist in their highest management. The whole structure was based on an assumption that success was nearly inevitable–only a 1 in 1000 probability of failure. Well, a black swan flew by, and they blew up.
I think their top guy was named Merriweather, and he recently was in control of a hedge fund that just collapsed. Basing this all on my flawed memory of news events, so if anyone can fill in the blanks please do.ParticipantGreekfire: your are sooo right.
And it wasn’t even very long ago. What is remarkable is how this crisis resembles the Long Term Capital Management moment of, I believe 1998. Then LTCM used extremely high leverage, a complicated and flawed economic model with innovative new tools, and even a Nobel-prize winning economist in their highest management. The whole structure was based on an assumption that success was nearly inevitable–only a 1 in 1000 probability of failure. Well, a black swan flew by, and they blew up.
I think their top guy was named Merriweather, and he recently was in control of a hedge fund that just collapsed. Basing this all on my flawed memory of news events, so if anyone can fill in the blanks please do.ParticipantGreekfire: your are sooo right.
And it wasn’t even very long ago. What is remarkable is how this crisis resembles the Long Term Capital Management moment of, I believe 1998. Then LTCM used extremely high leverage, a complicated and flawed economic model with innovative new tools, and even a Nobel-prize winning economist in their highest management. The whole structure was based on an assumption that success was nearly inevitable–only a 1 in 1000 probability of failure. Well, a black swan flew by, and they blew up.
I think their top guy was named Merriweather, and he recently was in control of a hedge fund that just collapsed. Basing this all on my flawed memory of news events, so if anyone can fill in the blanks please do.ParticipantI was in NZ and Australia all of last January, and their RE markets were as bubbly as ours. But their interest rates on homes, about 6 – 8% were dampening speculation more responsibly than ours. Still, their prices had had a big runup to silly levels, and the conversations with locals often turned to RE price appreciation.
Looking forward, the two countries will likely get clobbered by the fact that they are big natural resource and tourism-based economies, and will fare badly in the current commodities collapse accompanying world-wide recession.ParticipantI was in NZ and Australia all of last January, and their RE markets were as bubbly as ours. But their interest rates on homes, about 6 – 8% were dampening speculation more responsibly than ours. Still, their prices had had a big runup to silly levels, and the conversations with locals often turned to RE price appreciation.
Looking forward, the two countries will likely get clobbered by the fact that they are big natural resource and tourism-based economies, and will fare badly in the current commodities collapse accompanying world-wide recession.ParticipantI was in NZ and Australia all of last January, and their RE markets were as bubbly as ours. But their interest rates on homes, about 6 – 8% were dampening speculation more responsibly than ours. Still, their prices had had a big runup to silly levels, and the conversations with locals often turned to RE price appreciation.
Looking forward, the two countries will likely get clobbered by the fact that they are big natural resource and tourism-based economies, and will fare badly in the current commodities collapse accompanying world-wide recession.ParticipantI was in NZ and Australia all of last January, and their RE markets were as bubbly as ours. But their interest rates on homes, about 6 – 8% were dampening speculation more responsibly than ours. Still, their prices had had a big runup to silly levels, and the conversations with locals often turned to RE price appreciation.
Looking forward, the two countries will likely get clobbered by the fact that they are big natural resource and tourism-based economies, and will fare badly in the current commodities collapse accompanying world-wide recession.ParticipantI was in NZ and Australia all of last January, and their RE markets were as bubbly as ours. But their interest rates on homes, about 6 – 8% were dampening speculation more responsibly than ours. Still, their prices had had a big runup to silly levels, and the conversations with locals often turned to RE price appreciation.
Looking forward, the two countries will likely get clobbered by the fact that they are big natural resource and tourism-based economies, and will fare badly in the current commodities collapse accompanying world-wide recession.ParticipantFrom what you have revealed, you should stay a renter.
ParticipantFrom what you have revealed, you should stay a renter.
ParticipantFrom what you have revealed, you should stay a renter.
ParticipantFrom what you have revealed, you should stay a renter.
ParticipantFrom what you have revealed, you should stay a renter.
ParticipantDepression is the usual cause of suicide, and it is far more common than we think. Will probably get worse with the rise in unemployment that is coming.
People with clinical depression are often very good at hiding it and not seeking help, especially men. Then they can snap and sometimes feel the need to take others with them. It is good to recognize the symptoms of depression in others and get them help. Often suicides mention the possibility to others–never ignor such talk. -
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