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Imaginary wealth: why the credit crisis will not go away

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Imaginary wealth: why the credit crisis will not go away

Unread postby AbbieT » Tue 01 Apr 2008, 15:33:39

http://www.moneyweek.com/file/44553/ima ... -away.html

I thought this article in Money Week was excellent. It makes it sound like we have a long ways to go before things turn around.

"From the Great Depression, to the UK crash in 1972, to now – bear markets all look pretty similar. The US housing crisis has triggered a recession and if history is anything to go by, this is just the beginning."
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Re: Imaginary wealth: why the credit crisis will not go away

Unread postby MrBill » Mon 07 Apr 2008, 10:42:02

Thanks Abbie. It was a good article. Cheers. MrBill.
The organized state is a wonderful invention whereby everyone can live at someone else's expense.
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Re: Imaginary wealth: why the credit crisis will not go away

Unread postby PrairieMule » Mon 07 Apr 2008, 10:57:02

That article is real slice of the hard truth. Perhaps if we had more of this hard truth earlier, it could have made the difference between a spanking and a all out beating.
If you give a man a fish you will have kept him from hunger for a day. If you teach a man to fish he will sit in a boat and drink beer all day.
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