Showing posts with label DEPRESSION. Show all posts
Showing posts with label DEPRESSION. Show all posts

Friday, December 5, 2008

ARE YOU AFRAID OF GETTING THAT 3 AM CALL ?

I was speaking to friends last month about the millions of jobs being lost and worried if I may get a call. The solution I had to the problem was to get a house in the south and put those cousins and others in it. I would pay the mortgage and give them some seeds so they could grow their gardens. This would apply to the slackers. I would ask them to recycle.I was wondering if they would survive.

Friday, November 7, 2008

LEADING ECONOMIST IN THE UK SAYS INTEREST RATES NEED TO BE SLASHED

Charles Goodhart, a founding member of the Bank of England's Monetary Policy Committee is making the claim that interest rates should be cut to 0% to avoid depression.

Mr Goodhart is a professor emeritus of banking and finance at the London School of Economics and a member of the MPC between 1997 and 2000. Interests went to zero in Japan in the 1990's when the Japanese had a recession or depression which was long and severe.