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  1. #1

    Accept the past. Live for the present. Look forward to the future.
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    "As our island of knowledge grows, so does the shore of our ignorance." John Wheeler
    "[A] scientist looking at nonscientific problems is just as dumb as the next guy." Richard Feynman
    "[P]etabytes of [] data is not the same thing as understanding emergent mechanisms and structures." Jim Crutchfield

  2. #2
    Senior Member 563 740's Avatar
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    I saw this on the news at my parent's house yesterday. I jokingly said "I'll buy it!", my dad responded with "Yeah, you probably will. You, me, and every other tax payer..."
    Extremes: Need To Pursue

    I like my cars fast, my music loud, and my women even faster and louder!

  3. #3
    Senior Member Enyo's Avatar
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    I'm amazed that there's no bail-out. Glad that there's no bail-out, but still surprised.
    "If you can't be a good example, you'll just have to serve as a horrible warning." Catherine Aird

  4. #4
    Queen hunter Virtual ghost's Avatar
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    Few months ago I have said that US economy will collapes with time, and I am still watching the situation. So far I remain at my claim and I am curious to see where will this lead.

  5. #5
    Lallygag Moderator Geoff's Avatar
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    This page is quite interesting - particularly the acceleration in sub prime lending and the end game. It's all so obvious, with hind sight!

    BBC NEWS | Business | Global credit crunch, facts and figures

  6. #6
    Order Now! pure_mercury's Avatar
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    Let it die.
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

  7. #7
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    Quote Originally Posted by Antisocial one View Post
    Few months ago I have said that US economy will collapes with time, and I am still watching the situation. So far I remain at my claim and I am curious to see where will this lead.
    I'd love to see the death throes of the greatest nation the world has ever seen. Watch out.

  8. #8
    Glowy Goopy Goodness The_Liquid_Laser's Avatar
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    I remember several years ago I read a blurb about how Congress during the Bush administration loosened lending regulations. My response was, "this will probably have some subtle economic effect that most people won't notice much like changes to the tax codes." Well I have to admit that I was wrong. The effects are by no means subtle.
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  9. #9
    Senior Member Lateralus's Avatar
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    If the government keeps intervening, collapse is inevitable. It'll probably take a collapse for most people to realize that Keynesian economic philosophy is horseshit.
    "We grow up thinking that beliefs are something to be proud of, but they're really nothing but opinions one refuses to reconsider. Beliefs are easy. The stronger your beliefs are, the less open you are to growth and wisdom, because "strength of belief" is only the intensity with which you resist questioning yourself. As soon as you are proud of a belief, as soon as you think it adds something to who you are, then you've made it a part of your ego."

  10. #10
    Order Now! pure_mercury's Avatar
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    Quote Originally Posted by The_Liquid_Laser View Post
    I remember several years ago I read a blurb about how Congress during the Bush administration loosened lending regulations. My response was, "this will probably have some subtle economic effect that most people won't notice much like changes to the tax codes." Well I have to admit that I was wrong. The effects are by no means subtle.

    The Bush administration isn't a particularly regulation-averse one (Carter and Reagan were a lot better about cutting red tape, for instance). The problem isn't a lack of regulations. It's that the Bush administration has little-to-no oversight. They make hack political appointments throughout the federal government.
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

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