There goes civilisation...

Seen more meat in a cheese roll!

I'm a buyer of the banking sector

yours

Mine indeed, there was money to made made on the bounce.

i think it's called hypercapitalism.

and i think we (as in, the majority, the median income, non-spooner, hard-working populace) are reaping the whirlwind of an under-regulated, financially gluttonous, elitist ten year bunfight.

funny how those "the city makes shitloads of money and it's good for the UK because of that" arguments looker weaker than an anorexic biafran in the cold light of day, now some poor americans pissed their mortgage payments up the wall and managed to bring down merril lynch and lehmans.

wealth creation - the sole raison d'etre of the city - is so utterly, sinfully specious. it's just a shame that everyone else cops it. some city boy crying into his empty bonus packet? fuck it, get a conscience, then a real job.

+1. Word...

I have enough money to live for 3-4 weeks if needed

sounds like you need to have a rummage under mrsmith's mattress, then

wealth creation - the sole raison d'etre of the city - is so utterly, sinfully specious. it's just a shame that everyone else cops it. some city boy crying into his empty bonus packet? fuck it, get a conscience, then a real job.

I'm not so sure that is actually true.

Most places operate as brokers, spending money on exchange connections and on technology to make their ability to trade on behalf of their clients more efficient/timely.

The clients are a lot of the time pension funds and the like. Governments, teachers associations, museums etc.

Sorry to put less of a city boys are coked up cunts spin on it. Normal service will resume.

sounds like you need to have a rummage under mrsmith's mattress, then

be better off selling one of those expensive guitars

We'll have no reasoned logic here I tell you!
;-)
@Ant

be better off selling one of those expensive guitars

it's as not as if he can play a tune

I know please forgive me, it's since I layed off the coke and got a conscience.

i knew about the pension funds, but forgot - a good point that goes to show that reductive arguments have their limits. and also, i sympathise ant, redundancy and the ensuing anxiety is a shitter.

nevertheless, wealth creation is a shit idea.

Actually I must be the only person who isn't bothered about it all. It's not the first time it's all turned to shit and wont be the last.

I like a stoic...

It was unsustainable, as others have already noted, so the surprise is that people seem surprised.

I like a stoic...

I hope not.

If you want me to display emotion, the good thing about Lehman going under is that they were the direct competitor in the shit that I do. Should see me get some more folks using my shit rather than theirs.

I hope not.

If you want me to display emotion, the good thing about Lehman going under is that they were the direct competitor in the shit that I do. Should see me get some more folks using my shit rather than theirs.

It's just like the Columbian drug cartels...
And the links don't stop there either
:-(

I think part of the problem was that we were too quick to prop up the system during the last couple of shallow downturns - we probably would have weeded out a lot of crap if we hadn't dropped interest rates to free money levels during the last two downturns. A certain amount of cyclicality is inevitable, after all.

Ah well. I just write about this kind of stuff, and generally speaking, bad news is good news for hacks. More to write about. Though am a bit more distant from the credit market side of things than I used to be.

I hope you don't use 'cyclicality' on a regular basis...

i'm with ant the city is not all bad, and this is not the end of it. And even if it is they have special windows in banks these days that bankers can't through them selves through.

Its not Black Tuesday, its hardly a dirty gray at this point

Bike Snob is reporting that the Pista Dex has fallen to US$400...

I hope you don't use 'cyclicality' on a regular basis...

Depends on the audience.

not-in-the-rat-racist

Anti-racist racist.

Yup, and you need evidence of the 'relationship', in terms of correspondence / shared memories of dates, anniversaries (most men are f-ed at that), tastes etc.

that brought me vivid memory of Spaced when Daisy and Tim have to pretend to be a 'professional couple' to rent a flat for £90 a week in north london.

Depends on the audience.

How about 'cyclical nature'?
;-)