Sunday 28 September 2008

LATER THAT SAME WEEKEND..

yo! lost weekend draggin on up ere inna loff...


PALOOKAVILLE FINANCIAL stardate capitulation day+10

peteypainty : whew! ahm plum wore aht...allat proper talkin yezday...

spider : yo been ovva doin it man...alla iss upandahn inna markits gettin to ya!

peteystress : innit man! an sad too!...sucker don know which way a toyn...wot wi a fixin o a market...changin a rules...proppin up dis...bustin that...

spider : one rule fo us an annovva fo em innit!

bluepetey : it at Admiral dude...ya know...Sir Walter Paulson...one mo he bringin taters an baccy ta a party anna nex e goin dahn onna knee ta a politix...beggin em ta bankroll a party fo til affa a 'lection...

zooneh : yo speech yezday onna three colours dolla was a belta dude! yo sure gotta fix onna dolla innit!

cablepetey : ah feel bad abaht it man!...ah don lak a dis a dolla. merica bin gud ta uz
nah an agin...ah sumtimes expec too much an am givvun ta hyper-bole...

spidah : lesssee wot calmer heads is sayin...

irwin
:
A bailout won't wreck economy

...."So massive losses are not likely. Nor is it likely that inflation will be triggered by the bailouts already engineered by Ben Bernanke and his colleagues at the Federal Reserve System, which some estimate to have involved close to $300 billion. The net effect of the Fed’s moves has not been to increase the money supply at a dangerous rate. Experts estimate that the increase in the money supply — which, if substantial, would trigger inflation — has been lower during this “crisis” than in recent years.

Throw in another fact: the economic slowdown that is hitting America, euroland and other parts of the world will ease pressures on commodity prices, and keep labour costs from rising. That’s why economists at Goldman Sachs are confident that once the cyclical downturn is behind us, the dollar will appreciate in value.

They are guessing that in the next three to six months the dollar will hold its value against the euro at about $1.45- $1.50 to the euro. Then, assuming that financial markets return to some semblance of normality, they are looking at euros costing $1.40. In the longer term, rising productivity and lower domestic inflation, should enable Americans to stomp across the pleasure spots of Europe, paying only $1.25 for each euro. Not as wonderful as when the eurozone currency could be had for less than a single greenback, but a big improvement over recent times when the euro cost $1.60....." The Sunday Times

peteyfairplaya : yeh! ah feels betta nah!....it were at bit abahta WHITE DOLLA wot wobbled me man...ah wunner iffn it ovva a top?

thesilversurfer : yeah verily!.. they may be calmer an wiser heads petey boy but yo doin yo best ta mek sense o a bad bitta sh*t wot goin dahn...

...onnanuvva note...I am the herald o GALACTICUS an he be goin ta suck up alla dosh onna planet an turn it inta energy fo his sen! alla banks an financial institutions gon be destroyed by DECLARATION O GALACTICUS...!

beulah : where at crummy painter dude? ah swear he nevva arahn whenna sh*t hitta fan...

peteyhero : SEND FO A WATCHER....

to be continued...

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