Debt Cancer
Took me a while to realise that this is not a satire but an actual promotional advertisement. What does Camel plan for its follow up ad? "Camel : The Nightmare Noughties .....Not since the 30s has it been so easy to lose so badly"
posted by Peter at 9:16 pm
2 Comments:
"Maybe we've created a mega-bubble with all our bailouts and monetary management. How are we going to get out of this without going through the mother of all crashes?"
How indeed?
An interesting article from the Financial Times dated 18.10.2004 on Austrian School economics.
http://news.ft.com/cms/s/7e056be2-20a1-11d9-af19-00000e2511c8.html
THE DRUGS ALAN GREENSPAN TAKES
Whatever they are, I want them. Lots of them. I bet you could saw off your own arm with a rusty knife from a backyard shed with a smile on your face.
I am starting to think you just need to invert everything "Bubbles" says to get the truth.
"While local economies may experience significant speculative price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity," - Alan Greenspan reported in AFR 20-10-04
Translated from "Bubblespeak" by Prem:
"Local economies are experiencing significant speculative price imbalances, and a national severe price distortion seems most likely in the United States, given the size and diversity of the imbalances" - Alan Greenspan translated in greatrecession.blogspot.com.
http://afr.com/articles/2004/10/20/1097951725724.html
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