tag:blogger.com,1999:blog-2948538160252327076.post4157199913400310246..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: Dealing with the shockAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2948538160252327076.post-48882113995935718862008-09-16T10:22:00.000+01:002008-09-16T10:22:00.000+01:00If M&S have a bad weekend of trading then that...If M&S have a bad weekend of trading then that just about sums up people's impression of a recession... some short blip that<BR/>lasts 2 or 3 days then they get spending again and all is well.<BR/>What is about to happen will be one heck of a shock to those fickle people - the very same ones that "paid the full asking price" for property and took out 125% mortgages... spending this "free" money on cars, holidays and Ikea junk. From BMW to soup kitchen at the salvation army for those tossers !Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-27550964962140101792008-09-16T09:29:00.000+01:002008-09-16T09:29:00.000+01:00Lehman had to fail because people like Pimco were ...Lehman had to fail because people like Pimco were clearly gaming the system by betting on a bailout! <BR/><BR/>This offended the Boyz ... so an example was made.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-84649867430914574202008-09-16T00:16:00.000+01:002008-09-16T00:16:00.000+01:00I, too, have been puzzling about why Lehman might ...I, too, have been puzzling about why Lehman might have been abandoned... mere insolvency did not seem to be a problem for Bear Sterns.<BR/><BR/>One idea I had was that Lehman might have been at the centre of attempting to speculate oil/commodity prices higher... in addition to speculation in subprime debts. Another idea I had was that Lehman's collapse might predominantly adversely affect non-US interests.<BR/><BR/>I also think it is significant that Merill Lynch was taken over on the same weekend. I understand that ML was extremely active in (credit) derivative trading... I suspect that it might have been the implications of ML's failure that caused it to be taken over rather than left to file for bankruptcy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-14829616198423753742008-09-15T20:49:00.000+01:002008-09-15T20:49:00.000+01:00Lehman was expendable.Lehman was expendable.Anonymousnoreply@blogger.com