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Space Program :p

Yay. Live on a run-down council estate with equally deviant people, send your kids to an atrocious comprehensive where they'll learn how to sniff glue and steal cars, drink yourself into oblivion and a painful, early grave on White Lightening, learn how to read The Sun without a single thought...

I don't. Last week I joined the local Zombie Apocalypse Group, thought I'd get in early so I could get ahea ... ahea .... a ... HEAD BRRRRAAAAAAAIIIIIIIIIINNNNNNNSSSSSSSSS

Heh, that's the possessive apostrophe /s/ you used there [Who's list?]. Comedy gold and reeks of delicious irony, considering your third paragraph. (don't jump, anonymous internet weirdos aren't worth it)

Banks, investment houses, etc. have lost trillions in the derivatives market. Those losses per the legislation are not required to be reported on their financial balance sheets. So, no one even know just how big these losses really are. But according to industry insiders the losses are...

Either you're an idiot or just plain stupid.

Not picking on you specifically, Ivanovich, just on the concept of free market enthusiasts claiming that all the banks should be allowed to fail and it will be good in the long run etc etc. The markets aren't being controlled by unseen forces so much as being influenced. They're still going...

Your friend forgot to mention Brits work longer hours than any other country in Europe, which is another reason (along with the crappy weather) drinking is a national pastime.

It doesn't even have to be for US use, the rest* of Europe will gratefully suck on George Bush's wiener if he can prove he's the one keeping their natural gas and oil supplies flowing. *Tony Bliar already did.

How else will the middle classes prosper and invest? They can't do it by using scale and bullying tactics so they have to use their wile and invest in assets when the time is right, get out when the time is right and also not buy lottery tickets. Those who are uninformed will be the ones...

Just the obligatory post from the 'been there, done that' crowd: The scene in London was fantastically vibrant 15 years ago for those with spare cash to go out to clubs (Astoria, Ministry) and gigs (Brixton Academy, Camden Jazz Cafe) are the first that come to mind. Theme bars were restricted to...

He didn't say what Obama does will be a bad thing, just that the Republicans will need to be in office for a long time to change his changes. And he also said America is no longer a free country.

Yay! I diversified 70% out of sterling late last year and out of property in '06. The UK hasn't seen any of the recent drop in commodities as the pound has dropped as quickly as they have, although it was rising at the same time too. I'm seeing forecasts of $1.60 and 1 Euro, but no forecasts for...

Great link, although caveats obviously apply. I'm a fan of the Euro economy, but I also see China overtaking Germany and Spain dropping below Canada, Brazil, Russia and India before this cycle is done. Iran could be a dark horse.

I agree interest rates alone won't cure today's economic ills, and that healthy recessions (contractions in rate of growth are a better description) are just that - healthy for the economy, long-term. I think we're talking along similar lines and just disagreeing on the FED's target rate. What...

These will happen regardless of whether the FED dropped rates as quickly as it did or not. The dual busts in housing and credit are seeing to that - higher interest rates would have only compounded the situation further. Roubini is predicting this recession will be the worst since the Great...

Or even worse if widespread deflation became a serious problem. People who can afford their mortgages can suck it up when their houses are coming down in price because they know that they'll be there for 20/30 years if necessary and they'll have a roof over their heads and (eventually) a nice...

Yes indeed, I don't see any advantages to China's currency restrictions except building her manufacturing/export industries. Saying that, with China's middle classes growing at such a rate, that must be good for a World economy - I don't think they'll only be buying Chinese-made stuff when...

Thanks for that, Cutten. I'm more of a top down picker and balance sheets give me the heebee geebees. A couple of stocks I'm looking at (only because other, more informed, people have done the research) are China Mobile (CHL) and GlaxoSmithKline (GSK.L). These would both be long-term holds if I...

I don't think we can make assumptions based upon this period during the Olympics - China has pretty much stopped issuing visas and halted production in many factories and construction in many urban areas during this period, affecting everything from flights to energy to commodities. I'd agree...