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http://www.bloomberg.com/apps/news?pid=20601102&sid=a2WPb0dCaqQU 152.8 billion-pound ($234 billion) deficit for year ended in March Deficit = 11.6% of GDP Total net debt = 62% of GDP Yikes! Puts the current UK situation in perspective. Previously it took a massive, world war to reach...

He's in the same place as that Buylowsellhigh character. Who, ironically, preferred to sell low and not buy at all. I'd say that we'll see S2007S disappear soon as well, but i don't think this guy really gets it...He is forever bearish and I suspect nothing will ever change his mind, no...

+1 Fuck Moore, he owes everything he has to capitalism.

I'm not so sure he was joking...

Flaherty has reiterated his defiance of a global bank tax today. He cites the fact that a global bank tax encourages reckless behaviour and risk taking due to the fact that banks know they will be bailed out if they mess up. Personally, I hope G20 countries (with the exception of Canada)...

TZ has way too much time on his hands.

Exactly. Instead, Canada is going to propose that banks require to keep emergency contingency capital on hand. I think this is a better option as it prevents banks from passing on the tax to consumers, which we all know will happen.

The press up here widely believes a rate hike to come out of the June meeting. It is inevitable at this point, just a matter of if it happens in June or a month or two later.

Won't happen. For a global bank tax to work, everybody needs to be on board. Canada has already stated it will not take part in any type of global bank tax. I posted the link in a Canadian economy thread a week or so ago.

Interest rate swaps save companies money in interest expense. I don't know about this specific Harvard example, but there is nothing wrong with interest rate swaps in general.

Given the money machine that is GS, this could actually have implications via increased political contributions to Republicans. Could help come election time. Then again, maybe this article is irrelevant.

It was a joke. Lighten up a touch.

Nobody in those neighbourhoods would know the first thing about "shorting a house". They would probably think nothing of the t-shirt.

Your girlfriend is posting nude pics of herself in the Daily Hottie thread again by the way.

Canada, UK, Israel.

A two party system is less flawed?

This comment destroyed your post. I think it was meant to be a plus for the USA but unfortunately your election process is extremely flawed.

Did you just quote yourself in real-time?

Moderated. If there is a swear word in the quote please erase it then post. 1. Gab doesn't represent Canadians. 2. As an American, please don't complain about other countries minding their own business.

Well that's very generous of you, but I doubt a couple thousand dollars from "peilthetraveler, concerned ET resident" will be enough. Start a fundraising campaign for the invasion of North Korea and see how far you get.