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<blockquote data-quote="shtove" data-source="post: 234924"><p><div class='quotetop'>QUOTE (Prestwick @ Dec 23 2008, 11:42 PM) <a href="http://index.php?act=findpost&pid=368015" target="_blank"><{POST_SNAPBACK}></a></div></p><p></p><p>A few links to US bloggers who called this mess a long time before the academics at the Economist:</p><p><a href="http://www.calculatedriskblog.com/" target="_blank">http://www.calculatedriskblog.com/</a></p><p><a href="http://globaleconomicanalysis.blogspot.com/" target="_blank">http://globaleconomicanalysis.blogspot.com/</a></p><p><a href="http://www.nakedcapitalism.com/" target="_blank">http://www.nakedcapitalism.com/</a></p><p></p><p>They are excellent. And if you want some ranting - but still good - analysis:</p><p><a href="http://market-ticker.denninger.net/index.html" target="_blank">http://market-ticker.denninger.net/index.html</a></p><p></p><p><div class='quotetop'>QUOTE (Prestwick @ Dec 23 2008, 11:42 PM) <a href="http://index.php?act=findpost&pid=368015" target="_blank"><{POST_SNAPBACK}></a></div></p><p>Sadly, I agree with your view. </p><p></p><p>Japan were a nation of savers, while the UK and US are debt junkies. Big difference. Recession was needed after the dotcom bust. Too late now.</p><p></p><p> <div class='quotetop'>QUOTE (Prestwick @ Dec 23 2008, 11:42 PM) <a href="http://index.php?act=findpost&pid=368015" target="_blank"><{POST_SNAPBACK}></a></div></p><p></p><p>It will be interesting. My hunch is that the Germans are right - they'll suffer a manufacturing recession and NOT bail out bad debtors. Bad, but not as bad as the UK's coming disaster.</p><p></p><p><div class='quotetop'>QUOTE (Prestwick @ Dec 23 2008, 11:42 PM) <a href="http://index.php?act=findpost&pid=368015" target="_blank"><{POST_SNAPBACK}></a></div></p><p>I beg your forgiveness - for some reason I mistook this guy for you:</p><p><a href="http://uk.youtube.com/watch?v=5stftd5qv3M" target="_blank">http://uk.youtube.com/watch?v=5stftd5qv3M</a></p></blockquote><p></p>
[QUOTE="shtove, post: 234924"] <div class='quotetop'>QUOTE (Prestwick @ Dec 23 2008, 11:42 PM) [url='index.php?act=findpost&pid=368015']<{POST_SNAPBACK}>[/url]</div> A few links to US bloggers who called this mess a long time before the academics at the Economist: [url="http://www.calculatedriskblog.com/"]http://www.calculatedriskblog.com/[/url] [url="http://globaleconomicanalysis.blogspot.com/"]http://globaleconomicanalysis.blogspot.com/[/url] [url="http://www.nakedcapitalism.com/"]http://www.nakedcapitalism.com/[/url] They are excellent. And if you want some ranting - but still good - analysis: [url="http://market-ticker.denninger.net/index.html"]http://market-ticker.denninger.net/index.html[/url] <div class='quotetop'>QUOTE (Prestwick @ Dec 23 2008, 11:42 PM) [url='index.php?act=findpost&pid=368015']<{POST_SNAPBACK}>[/url]</div> Sadly, I agree with your view. Japan were a nation of savers, while the UK and US are debt junkies. Big difference. Recession was needed after the dotcom bust. Too late now. <div class='quotetop'>QUOTE (Prestwick @ Dec 23 2008, 11:42 PM) [url='index.php?act=findpost&pid=368015']<{POST_SNAPBACK}>[/url]</div> It will be interesting. My hunch is that the Germans are right - they'll suffer a manufacturing recession and NOT bail out bad debtors. Bad, but not as bad as the UK's coming disaster. <div class='quotetop'>QUOTE (Prestwick @ Dec 23 2008, 11:42 PM) [url='index.php?act=findpost&pid=368015']<{POST_SNAPBACK}>[/url]</div> I beg your forgiveness - for some reason I mistook this guy for you: [url="http://uk.youtube.com/watch?v=5stftd5qv3M"]http://uk.youtube.com/watch?v=5stftd5qv3M[/url] [/QUOTE]
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