It’sa solvency problem, not a liquidity problem
The term “credit crunch” is very misleading for the current crisis. It suggests that the problem is merely one of confidence, that calm will return if liquidity is introduced to the system. My view, though, is that the real issue is one ...Comment on It’sa solvency problem, not a liquidity problem by Flavio
@jimcooncat Well, they said like this a century ago. You think capitalism is OK, but it was badly “handled”. This is completely false: things happen for a reason, and, in this case, monopolies are the natural product of capitalism. ...
Comment on It’sa solvency problem, not a liquidity problem by ...
It’s not the end of capitalism, nor is capitalism evil in and of itself. To those who expound, “the only goal of a corporation is to make money”, I say they are missing a huge point. Corporations are given a charter by the state. ...
Comment on It’sa solvency problem, not a liquidity problem by Flavio
@Artir, Unfortunately capitalism won’t end by itself, it takes a gentle push from all the workers of the world to let it go. And yes, Marx’s laughs are still resounding, after more than a century of mistification of its brilliant ...
Comment on It’sa solvency problem, not a liquidity problem by Artir
It’s the end of capitalism! Karl Marx is probably laughing on his grave. XD.
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Comment on It’sa solvency problem, not a liquidity problem by Tom
Thanks for the (kinda scary) insight Mark. I was worried your funding might be in danger. OT: Congratulations! Having Wikipedia run on 8.04 is a _major_ archievement and the best marketing I can think of and it really fits the “Ubuntu ...
Comment on It’sa solvency problem, not a liquidity problem by dave
Interestingly, according to a Jon Udell blog I just read (http://blog.jonudell.net/2008/10/09/this-american-lifes-finest-hours/) the American’s are going to do the same as the British. Amusingly, while the plan originally got push-back ...
Shuttleworth application to 'revolutionise' access to MIS data
Shuttleworth has launched a real-time MIS application for the Microsoft Vista sidebar, which allows users to monitor information, such as press running speeds, from almost anywhere in the world.
Comment on It’sa solvency problem, not a liquidity problem by F ...
Mark –. Right on the money. These are indeed dangerous times. For the past couple of years I’ve been worrying about financial safety, ie, what are the safest instruments, assets, and/or places in which to keep one’s money so as to ...
Comment on It’sa solvency problem, not a liquidity problem by Eva
PS: The fact that people are alive, thinking and in need of consumption is my reassurance that the economy will pick up, at some point. The question is setting the more efficient rules for that demand - supply, where people are more ...
Comment on It’sa solvency problem, not a liquidity problem by Eva
I completely agree with David. I guess, “Consumers, business and governments have borrowed beyond their credit worthiness” and “sharp CORRECTION” sum it best. I agree with you Mark that these are scary times but overall, ...
Shuttleworth on the Global Economic Crisis
It's interesting to know that Mark Shuttleworth, the founder of Ubuntu, a billionaire tech genius is not only tech savvy - but an economic guru as well. Here is an excerpt of his analysis:. Mortgages are just the beginning. ...
Comment on It’sa solvency problem, not a liquidity problem by Ken
Hi Mark, Tom Dart is the only sensible politician I know who cares about the people losing the homes instead of caring about the banks and their rich execs.
Comment on It’sa solvency problem, not a liquidity problem by Ken
Mark Shuttleworth, the smart brain behind Thawte and Ubuntu, on the current economic situation:. What does it mean to hold dollars, when the dollar is being debased in a way that would feel familiar to the Reserve Bank of Zimbabwe? ...
