So just how bad is it?
#17
Re: So just how bad is it?
Have you not been listening to the unelected President Gordon "Saviour of the world" Brown? It's Americas fault, all of it...
#18
BE Forum Addict
Joined: May 2007
Location: Utopia
Posts: 1,644
Re: So just how bad is it?
I still say wait and see.
Before the whole thing went belly up the bulls were saying the boom would carry on relentless, it didn't. Likewise the doomsayers are saying this will last for years, which I doubt.
It is all a confidence game. Currency is about trust, of which their isn't much about at the moment - confidence could return in a much shorter timespan than anticipated. Not saying things will return to where they were in the short term but I honestly don't think we are facing the catastrophe that everyone is predicting. To be honest no one knows - best to take each day as it comes otherwise we'll all be on prozac before we know it.
It's all chaos theory in practice, we were riding on the edge of chaos for a long time and now we've tipped too far. Yes there will be a dip but it will move towards an equilibrium before we know it, and then the whole sorry cycle will start again.
Before the whole thing went belly up the bulls were saying the boom would carry on relentless, it didn't. Likewise the doomsayers are saying this will last for years, which I doubt.
It is all a confidence game. Currency is about trust, of which their isn't much about at the moment - confidence could return in a much shorter timespan than anticipated. Not saying things will return to where they were in the short term but I honestly don't think we are facing the catastrophe that everyone is predicting. To be honest no one knows - best to take each day as it comes otherwise we'll all be on prozac before we know it.
It's all chaos theory in practice, we were riding on the edge of chaos for a long time and now we've tipped too far. Yes there will be a dip but it will move towards an equilibrium before we know it, and then the whole sorry cycle will start again.
#19
Re: So just how bad is it?
I still say wait and see.
Before the whole thing went belly up the bulls were saying the boom would carry on relentless, it didn't. Likewise the doomsayers are saying this will last for years, which I doubt.
It is all a confidence game. Currency is about trust, of which their isn't much about at the moment - confidence could return in a much shorter timespan than anticipated. Not saying things will return to where they were in the short term but I honestly don't think we are facing the catastrophe that everyone is predicting. To be honest no one knows - best to take each day as it comes otherwise we'll all be on prozac before we know it.
It's all chaos theory in practice, we were riding on the edge of chaos for a long time and now we've tipped too far. Yes there will be a dip but it will move towards an equilibrium before we know it, and then the whole sorry cycle will start again.
Before the whole thing went belly up the bulls were saying the boom would carry on relentless, it didn't. Likewise the doomsayers are saying this will last for years, which I doubt.
It is all a confidence game. Currency is about trust, of which their isn't much about at the moment - confidence could return in a much shorter timespan than anticipated. Not saying things will return to where they were in the short term but I honestly don't think we are facing the catastrophe that everyone is predicting. To be honest no one knows - best to take each day as it comes otherwise we'll all be on prozac before we know it.
It's all chaos theory in practice, we were riding on the edge of chaos for a long time and now we've tipped too far. Yes there will be a dip but it will move towards an equilibrium before we know it, and then the whole sorry cycle will start again.
Anyone got a viable alternative to market price discovery??? It's surely the least worst system....
#21
Re: So just how bad is it?
hopefully will stay in Singas for another 18 months or so then decide to stay or move to europe or maybe Aus.
may still even try to restart my stillborn legal career
may still even try to restart my stillborn legal career