Thanks for visiting us!

Badminton Central is a free community for fans of badminton! If you find anything useful here please consider registering to see more content and get involved with our great community users, it takes less than 15 seconds! Everybody is welcome here.

Click here for a FREE account!

The sky has finally fallen...

Discussion in 'Chit-Chat' started by ctjcad, Mar 22, 2010.

  1. cooler

    cooler Regular Member

    Joined:
    Apr 25, 2002
    Messages:
    22,050
    Likes Received:
    12
    Occupation:
    Surfing, reading fan mails:D, Dilithium Crystal hu
    Location:
    Basement Boiler Room
    i like to comment about your post (without reading your link).
    INA is now recovering well but was slow to pick up when compared to other little tigers (S. Korea, SG, vietnam, phillipine, etc). This is not too bad, it say INA had a bigger renovation than the other lil tigers.

    I do not think euro recovery would be similar in recovery of the asian crises. Why? this is because Asians are savers, more acceptance to austerity measures and weren't living high hog in the first place. The PIGS tho, were conditioned to entitlements, many not savers and were living off the gov't handouts. What industry that would help the greek to recover? my colleage return vacation from greece and i asked him what do they export. He said olive oil, wine and bread. How can these type of business compete with SE Asian countries to have similar recovery???
     
    #301 cooler, May 26, 2010
    Last edited: May 26, 2010
  2. taneepak

    taneepak Regular Member

    Joined:
    Jan 5, 2004
    Messages:
    6,527
    Likes Received:
    6
    Occupation:
    Designing and producing quality feather shuttlecoc
    Location:
    Hong Kong
    Cooler, for once you have got it right. How insightful.
    I once saw a documentary about Chinese entrepreneurs operating in many countries in Europe, Russia and Canada, and they all seem to say when it comes to business entrepreneuship there is no contest. The reason they all gave was culture to work and slot hard plus stubborn persistance.
     
  3. cooler

    cooler Regular Member

    Joined:
    Apr 25, 2002
    Messages:
    22,050
    Likes Received:
    12
    Occupation:
    Surfing, reading fan mails:D, Dilithium Crystal hu
    Location:
    Basement Boiler Room
    "The Rev. Santiago Gomez Sierra, the chairman of CajaSur, a regional savings bank in Cordoba, began his last board meeting last week with a prayer. Several directors performed the sign of the cross. No miracle happened. Within hours CajaSur, controlled by the Roman Catholic Church, was seized by the Bank of Spain."
     
  4. extremenanopowe

    extremenanopowe Regular Member

    Joined:
    Apr 22, 2005
    Messages:
    12,254
    Likes Received:
    0
    Occupation:
    Chief Coach. Get only NCAP/NROC certified coach. C
    Location:
    SG. Go for NCAP-L2 certified coach.
    The spanish has join in the group? ;)
     
  5. Yoppy

    Yoppy Regular Member

    Joined:
    Jun 17, 2009
    Messages:
    2,832
    Likes Received:
    1
    Location:
    Sydney
    I cant agree more, cooler. I dont think it will be the same ending either. The article just shows what happened in INA and there is something to be learnt from that event. The fundamental difference (apart from public spending/hand outs) is that during Asian fin crisis no one saw it coming because the majority of the foreign currency loan was done by companies not governments. The dollar borrowing rate was a lot smaller than rupiah rate, therefore most big companies borrowed in dollars. Everyone knows the rest of the story.

    On the other hand, the current Euro crisis is mainly on govts hand and there are all the time they have to fix it. If Greece is not part of EU I do not think this will be a major problem. But the fact is, if Greece are to fail now it will badly affect GER and FRA (as their banks are the major lender to Greek govt) and the rest of major economies world wide. The consequences of that happening is just too much. No one wants to see that happening, not even China who yesterday issue almost a guarantee that all investment in Europe will be maintained. Unfortunately the world will rather choose Greeks to die than their economy suffers. I think what will happen is, the restructuring will shift the debt burden from banks to IMF or the Euro fund. Basically its a protective measure or bail out by the EU in favour for the likes of BNP Paribas. The rest of the stories will be countless boring meeting between IMF and Greek govt that the world never care of. And the world economy will go business as ussual.

    At the moment though, the bear camp will be looking for any negative news to strike the fear back to the market. So look out!!
     
  6. Yoppy

    Yoppy Regular Member

    Joined:
    Jun 17, 2009
    Messages:
    2,832
    Likes Received:
    1
    Location:
    Sydney
    Not yet. Its only from AAA to maybe A, but not to "JUNK" status.
     
  7. cooler

    cooler Regular Member

    Joined:
    Apr 25, 2002
    Messages:
    22,050
    Likes Received:
    12
    Occupation:
    Surfing, reading fan mails:D, Dilithium Crystal hu
    Location:
    Basement Boiler Room
    we have or should have learned from US's financial crises and gulf oil spill, u do not trust the regulators...
    Subprime and credut swaps were stamped AAA to A too.
     
  8. Yoppy

    Yoppy Regular Member

    Joined:
    Jun 17, 2009
    Messages:
    2,832
    Likes Received:
    1
    Location:
    Sydney
    Yes rating is a rating. In reality its hard to really predict.
     
  9. extremenanopowe

    extremenanopowe Regular Member

    Joined:
    Apr 22, 2005
    Messages:
    12,254
    Likes Received:
    0
    Occupation:
    Chief Coach. Get only NCAP/NROC certified coach. C
    Location:
    SG. Go for NCAP-L2 certified coach.
    the buck stops with me... looks like its not working. Is Obama a history now? ;)
     
  10. silentheart

    silentheart Regular Member

    Joined:
    Oct 31, 2004
    Messages:
    4,366
    Likes Received:
    18
    Location:
    USA
    Yeah, Al said he invented the internet. The buck stop with him when it ran up into his @$$. If he takes responsibility, he should resign.
     
  11. extremenanopowe

    extremenanopowe Regular Member

    Joined:
    Apr 22, 2005
    Messages:
    12,254
    Likes Received:
    0
    Occupation:
    Chief Coach. Get only NCAP/NROC certified coach. C
    Location:
    SG. Go for NCAP-L2 certified coach.
    The japanese pm is not going to last. Wonder if Obama can make it. Brown is bigotted... ;)
     
  12. taneepak

    taneepak Regular Member

    Joined:
    Jan 5, 2004
    Messages:
    6,527
    Likes Received:
    6
    Occupation:
    Designing and producing quality feather shuttlecoc
    Location:
    Hong Kong
    It is customery in Japan for a pm to resign if he loses the confidence of the public. This applies to their corporate heads too.
    But in the UK, not so, unless they boot him out in parliament. It is a bit like thin skin vs thick skin.
    In the US the president is like an emperor. He can even veto bills that carry more than 50% but less than 2/3 of the votes. He sits tight for the full term, come rain or shine.
     
  13. ctjcad

    ctjcad Regular Member

    Joined:
    Sep 27, 2004
    Messages:
    19,144
    Likes Received:
    4
    Location:
    u.s.a.
    U.S. also have had a prez resigned, Richard Nixon. But also had 2 prez impeached (trial), Andrew Johnson and Bubba Clinton, although both were acquitted (trial)..
     
    #313 ctjcad, Jun 1, 2010
    Last edited: Jun 1, 2010
  14. silentheart

    silentheart Regular Member

    Joined:
    Oct 31, 2004
    Messages:
    4,366
    Likes Received:
    18
    Location:
    USA
    Monica: What is that in your pocket? A cigar or just happy to see me?
    Bill: You can smoke on one and suck on the other end.
     
  15. Pete LSD

    Pete LSD Regular Member

    Joined:
    Apr 25, 2002
    Messages:
    6,304
    Likes Received:
    11
    Occupation:
    Soul Searching
    Location:
    Canada
  16. cooler

    cooler Regular Member

    Joined:
    Apr 25, 2002
    Messages:
    22,050
    Likes Received:
    12
    Occupation:
    Surfing, reading fan mails:D, Dilithium Crystal hu
    Location:
    Basement Boiler Room
  17. ants

    ants Regular Member

    Joined:
    Jul 19, 2002
    Messages:
    13,156
    Likes Received:
    18
    Occupation:
    Entrepreneur , Modern Nomad
    Location:
    Malaysian Citizen of the World
    Cute...i like it. Ur real funny.
     
  18. silentheart

    silentheart Regular Member

    Joined:
    Oct 31, 2004
    Messages:
    4,366
    Likes Received:
    18
    Location:
    USA
    Your approval is always my biggest honor. Not boner...
     
  19. Pete LSD

    Pete LSD Regular Member

    Joined:
    Apr 25, 2002
    Messages:
    6,304
    Likes Received:
    11
    Occupation:
    Soul Searching
    Location:
    Canada
    It get to be pink and creamy white at the end of a rigorous training session :D.

     
  20. Yoppy

    Yoppy Regular Member

    Joined:
    Jun 17, 2009
    Messages:
    2,832
    Likes Received:
    1
    Location:
    Sydney
    You are right. JP PM has today resigned :)
     

Share This Page