Posted by: harvardhooligans | September 30, 2008
Harvard Hooligan on Financial Crisis
Posted in Uncategorized | Tags: depression, dow, economy, financial crisis, harvard, mankiw, stocks
Posted in Uncategorized | Tags: depression, dow, economy, financial crisis, harvard, mankiw, stocks
Eastern Daylight Time. Unless, of course, you don’t believe in saving daylight.
By: David Pinto on September 30, 2008
at 11:51 pm
You are so right man! even in Fra
By: Dimitar Nikov on October 1, 2008
at 5:13 am
Swell navy blazer and regimental tie with your white shirt! Hey, where can I rent duds like that? Oh! Great performance, too. Well, the truth is: Republicans are just as stupid as democrats. And, sadly, both are willing to spend money the federal government doesn’t have, but has to borrow from rich neighbors such as, oh, China, the country which manufactures 95% of our consumer goods. As the philosopher Pogo said decades ago, “We have met the enemy, and he is us.”
The mantle of civilization moves westward century after century. Now, as America loses its grip, the skyscrapers and booming factories of China, Korea, Japan, Southeast Asia, and India (might as well add the resource rich fastness of Siberia) signal the beginning of the rise of Asia as the center of civilization in this century. That is neither good nor bad, but simply is.
Americans must realize we squandered our patrimony and now will pay. Our children will pay. Our grandchildren will pay. It is bizarre that in this generation it is the republican party whose leadership has saddled us with enormous debt, contrasted with the Democrats under Clinton who eliminated the federal national debt. It is now the republicans who are the ardent extremists who for ideological reasons have voted against (then flipflopped) the bailout bill.
The American two party system is a failure. They are Tweedledee and Tweedleedum, both based on 18th century British economic philosophy. Frankly, federal and parliamentary systems are terribly inefficient. The Communist Chinese autocrats have a distinct advantage in being able to use their rigid grip on power to profit from the raw capitalism they allow, while as the same time using non-democratic, rational, bureaucratic methods to advance their nations goals.
It is time for a major, major recession. This may be it. Credit market twitchiness is becoming extreme. When even more financial institutions refuse to lend to each other, let alone to businesses and individuals, the game is lost. Plan on taking your significant other to Shay’s for a bean burrito and Rolling Rock from now on. Take a pass on the (former) Ritz-Carleton dining room.
PS
Your charming blog has been added to the bloglist at:
http://heraldoflight.wordpress.com/
By: eileansiar on October 4, 2008
at 11:32 am
No job.
No prospects.
And I can’t pay my final club bill!
LOL, ya killin’ me. Tremedously funny!
Jane
By: Jane on October 4, 2008
at 11:13 pm
U’RE AN IDIOT, LITERALLY…
WHY THE PUBLIC FUNDS SHOULD GO TO A ‘USELESS INDUSTRY’ THAT IS A SHAME ON IT’S OWN MARKET…
‘WHY DO U THINK THAT THE AMERICAN AUTOMAKERS LOST THE DEMAND FOR THEIR PRODUCTS???!
BECAUSE THAY SUCK… IN ALL THE WAYS… AND THEIR WORKERS HAVE privileges THAT NOT EVEN EUROPEAN AUTOWORKERS HAVE…
THE MARKET IS BECOMING SOIALIST THANKS TO THE FED AND CLOWNS THAT DOESN’T HAVE AN IDEA ABOUT THE REAL ECONOMIC ENVIRONMENT… AND THOE IDIOTS CALL SCIENTISTS THEMSELVES… THEY SHOULD LEAVE THE ECONOMICS TO THE REAL SCIENTISTS…
GO BACK TO YOUR JOB AT THE BANK… I HOPE GET ALL YOUR LEGACY TRANSFERED TO MY POCKETS SOMEDAY(EXCEPT 4 THE STUPIDUTY)…
/GLOAT AND HAPPY NEW YEAR TO U SUCKER… SEE THE ‘AMERICAN BEAUTY’ OF THE MARKETS… INSTEAD OF ACTING LIKE A CLOWN…
By: prince of capitalism on December 30, 2008
at 11:35 pm
*THEY.
they suck but not as much as u…
By: prince of capitalism on December 30, 2008
at 11:35 pm