Palooka毕业财务
投降日313
...here in...
...palookagrad...
...all eyes are on...
...中国...
...the short view...
petey : hope the translation is ok...used a mac widget...innit...!
Thursday 30 July 2009
Wednesday 22 July 2009
THE BULLISH EMPIRE
yo!...tip of the iceberg...innit!
PALOOKAGRAD FINANCIAL
capitulation day
+305
...don't worry...
...be happy...
STATE OF PLAY
...the world economy has collapsed...
...world trade has disappeared...
...a deflationary spiral has taken hold...
...debt has replaced credit...
...politicians are in disgrace...
...not yet because they caused this disaster...
...but because many have been found to be fiddling their expenses...
...that they have increased their own salaries and pensions...
...whilst making us all...
...much poorer...
NOBODY KNOWS WHAT WE'VE DONE
...here in...
...palookagrad...
...we are so busy watching all the dreary sh*t...
...on state tv...
...that we are blissfully unaware...
...that we are bust...
...the politix are in hock to the banks...
...and have been made to bail them out...
...at our expense...
ALL TOMORROW'S PENSIONS
...the only money coming in to pay for all the public sector salaries and pensions...
...is being borrowed...
...when the suckers...
...figure this out...
...we will be in big trouble...
...for now...
...party on dudes...
Friday 10 July 2009
PASSPORT TO PALOOKAVILLE
yo!...suckers...innit!
PALOOKAGRAD FINANCIAL
capitulation day
+293
...nobody here in...
...palookagrad...
...gives a f**k...
...about the new price of a passport...
DEFLATION DEFEATED
...certainly not the commissars at the BBC...
...whose pay is so high that they cannot ever spend it all...
...not the politicians who are rolling in expenses and have vast earnings...
...from their clients in the lobbies...
...at £77 per adult...
...nobody here is going anyhere...
THE PALOOKAGRAD WALL
...the crisis in government caused by their inability...
...to fund the new wall to keep in all the proles...
...has been averted...
...we have a tape of the cabinet in the politbureau...
brown : we have to stop people traveling...
dark brown : the b*stards think that the world is their oyster...
light brown : we have increased the tax on petrol and diesel...
mc brown : we have taxed air travel...
golden brown : we have increased the cost of a passport by 4-500%...
bust brown : the f**kers won't catch the bus...
incapability brown : they'll catch the f**kin flu though...
new brown : we should tax bikes...
old brown : I'm onnit boss...
chairman brown : we will stop the b*stards saving if it's the last thing we do!!...
petey : pitiful...innit!
ONCE-UPON-A-TIME IN THE BUST
yo!...going, going, gone...innit!
PALOOKAGRAD FINANCIAL
capitulation day
+292
...once-upon-a-time...
...here in...
...palookagrad...
...there was a tower called...
...................
...in those olden days there was a nasty witch...
...called bust...
...and this bust threatened to bring down the owners of the great tower...
...for some while the tower wobbled...
...and all the soothsayers argued about whether or when it would fall...
...about the same time there were rumours about an insurance company...
...that we worked in...
...the AAA magic that protected the company...
...was wearing out....
...due to non-performing...
...property investments...
20% OF THE SALES FORCE BRING IN 80%
OF THE BUSINESS
...the big hitters...
...had hit big...
...and made off with their commissions...
...the empty malls and towers...
...sucked the life out of the insurance company...
...AAA to AA+ to A to B...
...well you can guess the rest...
...and of course the tower fell as well...
NOTHING LIKE THIS COULD HAPPEN TODAY
Gillian Tett : ...So will US property prices stabilise? Not if you believe a startling presentation I saw this week from a large, global financial group. This particular bunch of analysts – who have done a remarkably good job at predicting the credit crisis during the past four years – are currently warning their clients to expect a peak-to-trough fall in US residential prices of more than 40 per cent in this cycle.
The good news is that in some US regions, prices have already fallen so sharply – often by more 30 per cent – that property is already very affordable, relative to incomes and on a historical basis.
But the bad news is that houses are not yet cheap enough to prevent more price falls. On the contrary, this particular team of analysts thinks that when the problems of excess house inventory and rising unemployment are added into the model, average US house prices will still fall by another 14 per cent in the next few years – on top of the declines seen so far.
That headline figure conceals some startling regional discrepancies. Colorado is reckoned to be through the worst. In New York, though, the pain has barely started. Prices there are projected to decline by another 30 per cent or so. Taken as a whole, these projections imply that about 25m households in America end up in negative equity.
This projection is gloomier than those made by the US government and many large US banks. But the 25m number is currently being echoed by other investment groups, such as Pimco. If it turns out to be correct, it raises two crucial questions. One is the degree to which the western banking system could face a secondary round of real estate losses (particularly as these analysts are even more alarmed about the commercial property outlook than the residential sector.)
But the second fascinating question is what further house prices falls might do to consumer psychology. America has never experienced negative equity on this scale before. Thus nobody is entirely sure how households might respond. Will they default en masse? Will voters become so angry that they demand more populist public bail-outs of the housing sector (or financial reform)? Will consumers cut spending further?..." Gillian...
Saturday 4 July 2009
THE CURE FOR DEBT
yo!...more debt...innit!
PALOOKAGRAD FINANCIAL
+286...
...the story so far...
...the world has gone bust...
...having created too much credit during the Greenspan Bubble...
...the Wizard of Oz...
...failed to put on the brakes...
...before the wheels came off...
ELE
...the inventor of the black swan...
...says that the financial system is very fragile...
...and therefore...
...will crash...
...er...
...that would be...
...collapse...
...like world trade...
...after bankrupting the country...
...with his five year plans...
...comrade Brown...
...is hoping to cure the debt...
...with another credit binge...
...the cruel truth is...
...that the last great bubble was...
...just that...
...the bust began in January 2000...
...and the 2003 - 2008...
...period was a...
...zombie boom...
...the black swan guy...
...believes that they all...
...do not have a clue...
...about how to fix this bust...
HERE IS THE NEWS
...it's worse than that...
...it's dead jim...
...swop debt for equity..
...you can't fix debt with debt...
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