Comments on: Market Pain http://blog.twowolves.co.uk/2006/05/23/market-pain/ Toujours Le Meme Wed, 20 Aug 2008 09:17:17 +0000 http://wordpress.org/?v=2.5.1 By: The Two Wolves Weblog » Blog Archive » Market Meltdown (Again) http://blog.twowolves.co.uk/2006/05/23/market-pain/#comment-2906 The Two Wolves Weblog » Blog Archive » Market Meltdown (Again) Fri, 17 Aug 2007 11:37:16 +0000 http://blog.twowolves.co.uk/2006/05/23/234/#comment-2906 [...] The only real mystery is how those clowns thought endlessly securitising debt could go on indefinitely without the appropriate regulation and analysis. I did try to warn people. [...] [...] The only real mystery is how those clowns thought endlessly securitising debt could go on indefinitely without the appropriate regulation and analysis. I did try to warn people. [...]

]]> By: Wolfie http://blog.twowolves.co.uk/2006/05/23/market-pain/#comment-2569 Wolfie Wed, 24 May 2006 15:16:50 +0000 http://blog.twowolves.co.uk/2006/05/23/234/#comment-2569 Hi Alison, I couldn't possibly do justice to such a vast subject within one post, I suggest the eminently readable and enjoyable <a href="http://www.ovalbooks.com/bluff/Stocks.html" target="_blank" rel="nofollow">"The Bluffer's Guide to Stocks and Shares"</a> followed by the easy to read <a href="http://www.dummies.com/WileyCDA/DummiesTitle/productCd-0764557262.html" target="_blank" rel="nofollow">"Economics For Dummies"</a>. Hi Sophia, For most economists its their job to "talk up the market" so there is little chance of <a href="http://www.resourceinvestor.com/pebble.asp?relid=20009" target="_blank" rel="nofollow">honesty</a> unfortunately. Hi Stef, If its a conspiracy you're after then there is plenty of them in the world of economics, as a wise man once said "... just follow the money". Start googling on The Marshall Plan, then Petro-dollar recycling and before you know it you are standing at Osama's front door [where he not dead]. You might think I'm pulling your leg but if you knew what I knew.... Hi Alison,

I couldn’t possibly do justice to such a vast subject within one post, I suggest the eminently readable and enjoyable “The Bluffer’s Guide to Stocks and Shares” followed by the easy to read “Economics For Dummies”.

Hi Sophia,

For most economists its their job to “talk up the market” so there is little chance of honesty unfortunately.

Hi Stef,

If its a conspiracy you’re after then there is plenty of them in the world of economics, as a wise man once said “… just follow the money”. Start googling on The Marshall Plan, then Petro-dollar recycling and before you know it you are standing at Osama’s front door [where he not dead]. You might think I’m pulling your leg but if you knew what I knew….

]]> By: Stef http://blog.twowolves.co.uk/2006/05/23/market-pain/#comment-2568 Stef Wed, 24 May 2006 05:32:48 +0000 http://blog.twowolves.co.uk/2006/05/23/234/#comment-2568 Yup, an informative, clearly written post. Good stuff Being a crusty old conspiracy theorist the only part I would quibble with is the line 'nobody can really benefit from a collapse' but thoughts like that belong in their only little padded room somewhere else Yup, an informative, clearly written post. Good stuff

Being a crusty old conspiracy theorist the only part I would quibble with is the line

‘nobody can really benefit from a collapse’

but thoughts like that belong in their only little padded room somewhere else

]]> By: Sophia http://blog.twowolves.co.uk/2006/05/23/market-pain/#comment-2567 Sophia Wed, 24 May 2006 01:24:41 +0000 http://blog.twowolves.co.uk/2006/05/23/234/#comment-2567 Wolfie, Thank you for this excellent post. I never understood so much as when I read this one. I have no confidence at all in the official narratives of economists. They always try to tell you that a crash is not going to happen because the US won't put itself in this nightmare. So they let only mini-crashes take place in developing countries, thus diverting and delaying the ineluctable and transfering all the burden on emergent markets. I think the crucial point in such a complex matter is information and markets are so complexe while some critical part of it is sometimes kept by few people that nobody can have all the required information at once to make the right decisions and the right moves. As for prediction, only the exact sciences can predict because they follow natural and not human (sometimes irrational) laws. Wolfie,
Thank you for this excellent post. I never understood so much as when I read this one. I have no confidence at all in the official narratives of economists. They always try to tell you that a crash is not going to happen because the US won’t put itself in this nightmare. So they let only mini-crashes take place in developing countries, thus diverting and delaying the ineluctable and transfering all the burden on emergent markets.
I think the crucial point in such a complex matter is information and markets are so complexe while some critical part of it is sometimes kept by few people that nobody can have all the required information at once to make the right decisions and the right moves. As for prediction, only the exact sciences can predict because they follow natural and not human (sometimes irrational) laws.

]]> By: alison http://blog.twowolves.co.uk/2006/05/23/market-pain/#comment-2565 alison Tue, 23 May 2006 19:21:14 +0000 http://blog.twowolves.co.uk/2006/05/23/234/#comment-2565 wolfie - i havent the faintest idea how markets really work but would dearly love to know - if you could ever see your way to writing a short post like an 'idiots guide' of the basics it would be much appreciated! eg bull and bear, terms meaning...types of economics..i really should read up on it all. It sounds brutal out there! wolfie - i havent the faintest idea how markets really work but would dearly love to know - if you could ever see your way to writing a short post like an ‘idiots guide’ of the basics it would be much appreciated! eg bull and bear, terms meaning…types of economics..i really should read up on it all. It sounds brutal out there!

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