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Angus Austin's picture

Crisis Anyone?

by Angus Austin (Baboon, 152 Banana Points Points) on 9/13/08 at 9:10am
crisis.jpg

So we’re in a crisis are we not? I just want to hear from regulars on WSO as to why they think this has happened. Is it because of earlier deregulation? Is it because of simply bad investments? If it’s bad investments, the old saying comes to mind, would you jump off a bridge just because Lehman did? Maybe it’s partially because of the $9.6 Trillion U.S. Federal Deficit? World political instability? Mercury in Retrograde? Oh, and of course maybe I’m just imagining it!

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ibankinglife's picture

Just another down cycle,

by ibankinglife (Monkey, 33 Banana Points Points) on 9/13/08 at 8:05pm

Just another down cycle, it'll happen again in a few years, and then a few years after that, and then a few years after that. Won't even be a blip on the historical radar.

xqtrack's picture

i'm not sure that this won't

by xqtrack (Senior Baboon, 204 Banana Points Points) on 9/13/08 at 8:51pm

i'm not sure that this won't qualify as a "blip on the historical radar"