Questions on USA
Mar 14th 2009, 7:21 pm
#31
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Re: Questions on USA
The Economist, FT, Wallstreet Journal etc. Perhaps this is the problem, everyone thinks they understand the know-how and cant explain the complexity of the situation in its entirety. I didnt say exactly that what I said is the exact comprehensive solution, but its my understanding of the situation given my understanding of the science to some degree. However the understanding is cleared, it has been triggered from the Mortgage Markets and the Banks from the know-hows that I know of. Your information comes from how far you widely read and vice versa and hence form your understanding and perception. The problem is that other factors are making the problem worse, and this is inevitable because we live in a global economy and our stock markets operate globally. The root of all evil as the saying goes has been money and in this scenario its also money hence the banks. They took massive risks, and exceeded their liquidity ratios etc beyond the minimum. Am talking about the Basel Accord here.
cheers
cheers
Mar 14th 2009, 7:22 pm
#32
Account Closed
Joined: Mar 2004
Posts: 2
Re: Questions on USA
It is not just the Housing market, that brought it to the fore front.
Read the papers, watch the news, much more complicated.
Read the papers, watch the news, much more complicated.
Mar 14th 2009, 7:23 pm
#33
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Re: Questions on USA
OK, sorry, we were all just kidding. The US is crying out for people with your expertise. Just Google the "Gissa Job" visa.
Mar 14th 2009, 7:24 pm
#34
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Re: Questions on USA
You are ?
Mar 14th 2009, 7:26 pm
#35
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Re: Questions on USA
p.s. The "LOL" is on you - if you ever make it to the US, you'll need to learn how to spell 'Mericun.
Last edited by dunroving; Mar 14th 2009 at 7:29 pm.
Mar 14th 2009, 7:28 pm
#36
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Joined: Jan 2004
Location: Plano, TX
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Re: Questions on USA
The Gaussian Copula Function is far more to blame than sub-prime mortgages (which weren't defaulting above expected levels prior to the financial collapse).
By making super-high-risk financial transactions seem easy, these mathematical models allowed under-educated MBAs and overpaid bankers to trade in things they didn't understand, and led them to miss the warning signs that they had destabilized the markets.
It's not the complexity of the financial system that killed it. It's the arrogance and stupidity of the people who thought that just because they were paid millions, they actually understood that complexity. It's pretty clear now just how wrong they were.
By making super-high-risk financial transactions seem easy, these mathematical models allowed under-educated MBAs and overpaid bankers to trade in things they didn't understand, and led them to miss the warning signs that they had destabilized the markets.
It's not the complexity of the financial system that killed it. It's the arrogance and stupidity of the people who thought that just because they were paid millions, they actually understood that complexity. It's pretty clear now just how wrong they were.
Mar 14th 2009, 7:30 pm
#37
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Re: Questions on USA
I'm also someone who doesn't need to ask whether the largest economy in the world is suffering during the global financial meltdown.
Mar 14th 2009, 7:31 pm
#38
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Re: Questions on USA
err, glasgow doesnt have CIA, its Scotland Yard ,
Mar 14th 2009, 7:33 pm
#39
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Re: Questions on USA
I dont know , if someone disagrees with someone, somehow one would expect to think that the person in disagreement perhaps m has competency in understanding the situation. If a Painter comes up and starts being critical to someone who works in finance, saying he doesnt understand what the stakes are, lol, wouldnt you be offended?
err, glasgow doesnt have CIA, its Scotland Yard ,
err, glasgow doesnt have CIA, its Scotland Yard ,
Sorry, I'll have to take a time-out, my sides are aching too much.
Mar 14th 2009, 7:34 pm
#40
gurt mint nit?
Joined: Nov 2007
Location: In my shed
Posts: 2,776
Re: Questions on USA
This thread is top.
Karma to the OP - well done, very funny indeed.
Karma to the OP - well done, very funny indeed.
Mar 14th 2009, 7:34 pm
#41
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Re: Questions on USA
Who am I? I'm someone who knows that 99% of MBA graduates don't have the sense to run their own bank accounts, and should be kept away from the business world at all costs.
I'm also someone who doesn't need to ask whether the largest economy in the world is suffering during the global financial meltdown.
I'm also someone who doesn't need to ask whether the largest economy in the world is suffering during the global financial meltdown.
Asking you was just reasonable to ask, in the sense, to see what competency levels you have to opinonate what you are opinonating. chill
Mar 14th 2009, 7:36 pm
#42
Lost in BE Cyberspace
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Re: Questions on USA
Where's your MBA from?
Mar 14th 2009, 7:37 pm
#43
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Re: Questions on USA
I think you should know that he has a Fud (that's spelled P - h - D), which I believe trumps an MBA (that's spelled M - B - A)
Mar 14th 2009, 7:42 pm
#45
gurt mint nit?
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Posts: 2,776
Re: Questions on USA
BS = Bullsh!t
MS = More of the Same
PhD = Piled Higher and Deeper
MS = More of the Same
PhD = Piled Higher and Deeper