The Crisis of Credit visualized

The Crisis of Credit visualized, and it's an animation that gives an easy to understand walk through of the credit crisis and how it all happened.

To anyone who has heard of the credit crisis but doesn't know heads or tails of it. Here's a good place to start.

Part 1
Part 2

I actually wrote an article on this. Couple of months back.

I give up.

Tired

Old already, Maybe I've become a little bit stupid. . . . . What to do? I read somewhere that the body goes into overload when people become stressed, adrenaline starts pumping, your body goes on alert and all that crap to make you think and move faster... and if you can't manage your stress properly your body resists going back to normal, and that's when the fatigue kicks in and you just feel tired, all the fucking time. I think that's what has been happening to me.

I'm tired, fuck it. Time to sleep.

Life update...

I'm in my third week in Sunway, and I don't think I'm settling down quite as well as I would want to. I don't really know anyone that well yet, and some of the dudes that I do know I find quite annoying and most of the people here are 3 or 4 years my junior.

When I go to college I find that I kind of numb myself to outside input, I don't really feel anything. It's kind of walking into the lecture room and somehow or another I feel as if I'm not really there. Some of the lecturers are so boring it feels as if my brains about to melt and drip out of my ears. Bla bla bla, bla bla bla... at least the notes are complete, that way I won't have to fail. Ohh man... I should have just skipped this course and just started looking for a job in some relevant field and just work my way up from there. I get the impression that many of the dudes in this course don't really have any idea where they want to be in the future, and when I talk about the sort of thing I'm interested in, like stocks, or just talk about joining some clubs or something or another.. I generally get an uhhhh... or I hear all this shit about how they did this and they did that, and somehow or another it becomes like a pissing contest.

Or maybe I'm just bad with people... Ahhh...

Isn't this a bloody course in Banking and Finance???? You would think that these people would know something in line with finance or investments wouldn't you???

Haha US

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

Now, just look at history and the last one is the Asian Financial Crisis of 1997/8. Now apply the above quotation. The IMF left the Asian countries then no choice but gave them the immediate medicine of the 1st alternative but instead of "a voluntary abandonment of further credit expansion" it was a mandatory contraction as a requirement condition of funding support i.e. belt tightening.

Whereas for the US getting into trouble because of too much consumption due to credit expansion is thinking of curing the problem by getting into more debts to stimulate the consumption to support the economy. Anyone with half a brain will know that it will be the 2nd alternative result in the making i.e. "or later as a final and total catastrophe of the currency system involved." Note that H. Clinton was in China asking China not to stop buying US treasuries.

Because the USD is the world's reserve currency, the recent strength of the USD is guaranteeing further economic deterioration as an important contributor to the continue down trend.

Going by earnings of S n P 500, the strength of the USD will further pull that down for sure to around 600.

The strength of the USD benefits all other countries except the US and therefore, the rest of the world will recover well before the US which will most probably be further into the lost decade as happened to Japan.

Note that South Korea recovered from the 1997 Asian Financial Crisis in about 2 years even after the country's balance sheet was completely wiped out. How? Auterity measures and a depressed currency stimulate the exports economy that quickly repaired the balance sheet. Neither Bernanke nor Geithner seem to understand economics 101 or they think economics 101 does not apply to the US.

Funny stuff

Dad showed me some funny stuff, too bad it's all in chinese... I don't have any Mandarin programs nor do I know how to use the programs... here's a rough translation in English... the other longer one I'll probably scan it in or something.

Said Also Don't Listen
Listen Also Don't Understand
Not Understand Also Don't Ask
Ask Also Don't Do
Do Also Do Wrong
Wrong Also Don't Admit
Admit Also Don't Correct
Correct Also Not Happy
Not Happy Also Don't Say

read already laugh like idiot.

Isreal and the Gaza conflict

I don't really have anything better to do.

The Isreal - Gaza conflict refers to a series of battles between the Palestinian militants and the Isreal Defense Forces (IDF) that began in mid-May 2007(wiki). The back and forth fighting between Isreal and the Palestinians have been going on for a long time, but the initial trigger for this conflict was due to terrorist cells(Hamas, Islamic Jihad Movement in Palestine) launching rockets into Isreal, which led to Isreal launching attacks against Gaza, an area that is currently being controlled by the terrorist group Hamas.

It actually sounds quite funny to me that people are crying foul over the fact that Isreal is attacking Gaza when the Isrealis are merely retaliating against a terrorist group that has been firing rockets at and into the homes of its citizens. If the Hamas/Gaza is so worried about having bloodshed then why don't they just stop launching rockets into Isreal? It seems to me that many media groups are painting an extremely biased picture of the current conflict.

Anyway that's it for the conflict between Gaza and Isreal, let me get on to bigger stuff. The conflict between Palestinians and Isrealis. Just FYI, the people of Gaza are Palestinians, and Palestinians don't like the Isrealis, there's some history on this. If you don't know anything about this issue you would probably want to stop reading now, but if you do know, or your interested in learning more than please continue. The Isreal/Palestine or Jew/Arab problem originally started somewhere in the 1948.

Lets have a history lesson for awhile. From 1917 to 1947 the region of Palestine was occupied by the British. The British had taken control of the area from the Ottomon Turks in 1917. Somewhere around 1947, the United Nations voted to divide western Palestine into seperate Jewish and Arab states. (This happened in the United Nations resolution 181), The Jews agreed, the Arabs did not. The Arab countries then proceeded to attack Isreal and urged the Palestines/Arabs to leave the country(This was also known as the War of Independence for Isreal), there was 5 or 6 Arab countries attacking Isreal. This created a situation where the Arabs who had left Isreal became refugees. It's interesting to note that although there were Arab refugees who had left Isreal, there were also many Jewish refugees who came from Arab countries. The official number of Jewish refugees, according to wiki is 856,000 and 600,000 of them resettled in Isreal and most of them have been absorbed into whichever culture/country that they have gone to. Whereas the Arab refugees, numbering around 520,000 (Israeli sources) to 726,000 (UN sources), considerably less, which begs the question of why they were not absorbed into the Arab countries, which are several hundreds of times larger than Isreal. The refugee problem has multiplied throughout the years... literally, as the current refugees are most likely 2nd and 3rd generation refugees who number in the millions.

to be continued....