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I'm probably going to regret asking this, but here goes...
As far as I can tell, everything was going just fine. Then one day we
started hearing reports about some bank that nobody's ever heard of
called "Northan Rock". Something about them being in financial trouble.
Que scenes of people standing in the street trying to withdraw their money.
A few weeks later and people are talking about "credit crunch" and
"ecomonic meltdown" and "global recession" and stock markets tumbling to
the ground, and now there's some talk about Japan's currency collapsing...
So, seriously, does the entire world really fall apart in a few weeks
just because one nobody company goes bust? Or is there something bigger
going on here?
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Invisible wrote:
> So, seriously, does the entire world really fall apart in a few weeks
> just because one nobody company goes bust? Or is there something bigger
> going on here?
A couple big banks in the US crumbled. Apparently they're taking the
rest of the world with them.
--
~Mike
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>> So, seriously, does the entire world really fall apart in a few weeks
>> just because one nobody company goes bust? Or is there something
>> bigger going on here?
>
> A couple big banks in the US crumbled. Apparently they're taking the
> rest of the world with them.
That makes significantly more sense...
(Random: Is the USA actually *the* richest nation on the face of the
Earth? Or is there somebody richer?)
...you're asking *me*? ;-)
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Invisible wrote:
>
> ...you're asking *me*? ;-)
Nah, the question was entirely rhetorical. ;)
FWIW, I looked it up, 93.something per USD. So, not quite that big a
difference.
--
~Mike
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>> ...you're asking *me*? ;-)
>
> Nah, the question was entirely rhetorical. ;)
>
> FWIW, I looked it up, 93.something per USD. So, not quite that big a
> difference.
= $1.60 :-(
There goes my Christmas shopping...
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"Invisible" <voi### [at] dev null> wrote in message
news:4905e162$1@news.povray.org...
> $1.60 :-(
>
> There goes my Christmas shopping...
That's not too bad. The rand's gone from R8 = $1 to R12 = $1 in 3 weeks
And I'm going to the US in 2 weeks. :-(
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"Invisible" <voi### [at] devnull> wrote in message
news:4905d9db@news.povray.org...
> So, seriously, does the entire world really fall apart in a few weeks just
> because one nobody company goes bust? Or is there something bigger going
> on here?
Northern Rock was a symptom, not the cause. Google sub-prime if you really
want to know.
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Invisible wrote:
>>> ...you're asking *me*? ;-)
>>
>> Nah, the question was entirely rhetorical. ;)
>>
>> FWIW, I looked it up, 93.something per USD. So, not quite that big a
>> difference.
>
> = $1.60 :-(
>
> There goes my Christmas shopping...
:-) for me
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>>
>> There goes my Christmas shopping...
>
>
> :-) for me
...why? You gonna buy something from the UK? :-P
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Gail wrote:
> Northern Rock was a symptom, not the cause.
Makes more sense...
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