Japan, Britain and Switzerland All In Deep Trouble

short&naked · Feb 26, 2009

Quote from andrasnm:

Hey, what rock are you living under?
Do you read the papers or follow the news?
Sliced, diced and packaged into easily digested pieces of exportable....NOTHING!!!!!!!!!!! We took worthless assets, bundled them, slapped an inflated value on them, sold insurance on them, and convinced the rest of the world to buy our shit at a premium price. Now everybody's infected and the world economy is sick. A pretty sight. When will we LEARN?????

And who accepted them on the other end? EU bankers (notably the Irish--enough said) who didn't do their homework. If a drug dealer offers you crack do you necessarily take it?

Debaser82 · Feb 26, 2009

Quote from short&naked:

And who accepted them on the other end? EU bankers (notably the Irish--enough said) who didn't do their homework. If a drug dealer offers you crack do you necessarily take it?

In my country there is no penalty on using drugs but there are severe punishments for dealing drugs.

ByLoSellHi · Feb 26, 2009

I love Switzerland and think it's a beautiful country.

That doesn't change the fact that it's a cradle-to-grave welfare state, and that it's 'bank secrecy' laws immunized it as much as anything against past economic downturns. Good luck if that goes bye-bye.

Also, to think that greed wasn't the overall motivating factor for anyone buying CDOs is pure folly - to blame the fallout on the U.S. is silly...

As they say in Latin, which I believe some Swiss still speak, 'Caveat Emptor.'

short&naked · Feb 27, 2009

Quote from Debaser82:

In my country there is no penalty on using drugs but there are severe punishments for dealing drugs.

And what dinky country might that be?

maltatrader · Feb 27, 2009

Quote from ByLoSellHi:

So it's all America's fault, huh?

Hey, Mr. America Hater, bite your tongue and hope that this wrath doesn't cometh down upon you:

Isnt that Stephen Colbert from the 'Daily Show with John Stewart'? So someone with specs and a French name is going to commeth down on us?

Humpy · Feb 27, 2009

We should be alright here in Britain 'cos we got that financial genious Gordon Brown !!

He wasn't Chancellor for 11 years and PM for 2 for nothing.
What he knows you could put on a postage stamp

Debaser82 · Feb 27, 2009

Quote from Humpy:

We should be alright here in Britain 'cos we got that financial genious Gordon Brown !!

He wasn't Chancellor for 11 years and PM for 2 for nothing.
What he knows you could put on a postage stamp

God will save the Queen but that's it for you Brits.

Cutten · Mar 1, 2009

Quote from science_trader:

That's exactly what I said: come here.

you are like these poor guys who invested in emerging markets without having stepped one foot in these countries.

I've made 99% of my career trading profit in countries I don't live in, commodities I never use, currencies I don't get paid in or spend in, and stocks whose balance sheets I never read and products I never use.

Trading requires no first-hand contact whatsoever with the instruments being traded.

ByLoSellHi · Mar 1, 2009

Japan's exports down a whopping 47%!

Korea saw exports drop 31%!

These are mind-blowing numbers.

WERD

achilles28 · Mar 1, 2009

Quote from ByLoSellHi:

Japan's exports down a whopping 47%!

Korea saw exports drop 31%!

These are mind-blowing numbers.

WERD

Not to worry. Japan's exports only account for 16% of its GDP.

In Korea, its a different story. Some 48% of its GDP is exports!