Another one bites da dust

When Hungary’s former central bank governor was buying a house two months before Lehman Brothers Holdings Inc. collapsed and the country sought an emergency bailout, he received an offer he couldn’t refuse.
Peter Akos Bod, now an economics professor at Corvinus University in Budapest, was given a choice of mortgages by his bank. The 60 year-old could select a loan in Hungary’s currency, the forint, at 13 percent interest, or one in Swiss francs at less than 6 percent. After crunching the numbers on a spreadsheet, he picked the cheaper franc loan.
“It was rational,” he said of his 2008 decision in an interview in the Hungarian capital. “I put it into a model.”
Three years later, Bod and about one million compatriots who took mortgages in francs are faced with a debt pile that has swelled to 4.9 trillion forint ($22 billion).

we'll have another summit of non elected people to solve it

and the sheep will comply as they always do....

opportunities are everywhere ...

Adaptive mechanisms

loss of job for life.... get coached into optimism....

no questions asked

to good to be true...

let's just wait

to see what happens to GM and wi'll see about free trade ..........

Flash Gordon?

these here three stooges.... had to follow Gordon .........

and Brown maybe got the tide changing for his corner...

the bravery of being out of range

This is a Lisbon Poster....

I suppose there are others in other countries wit a similar slightly xenophobic message....

It is a view of the world sponsored by a large corporation that raise serious ethical problems.....

no shit?

rapidly?.... what confidence?

Free Tibet

Arti & Mestieri

we're not barbarians...

we simply went too far?....

Tangerine

We have to learn with and from our betters

Hobbes revisited .... "amateur psychoanalysis...".... more moral beacons ...

a breach

in the European construction...

We could start

by having a reasonable and sound business model that does not start by delusional assumptions...

a geography

for a recession...

Wisdom

I am telling my kids to study maths

apparently there could be a correlation between having good grades at math and being able to make an honorable and decent living ..... but again ....maybe I am fooling my kids ....they do not need to study math after all....

transformer

now that's what one can call

clarity........

the giant clitoris

Desperately Seeking Stimulus

every year's ritual

gone to the dogs this time.... ... bitter disappointment or unrealistic times? why would these people feed the expectation of having something to stagger and stun every year? this competition mode is paranoiac......

better be prepared....

"vacas flacas" are coming....

so...what else is new?

is there any surprise in this behavior?....I fail to see the flaw.....

Inspired leadership

just a story

behind the bike...

there we go

moving faster to the bottom......the average will not even be the latvian wage .... we will go further down....

Cerberus

"Technically, no. Operationally, yes. The only thing that keeps us from going into bankruptcy is the $10 billion investors entrusted us with."

go west

no wonder homeland security is crucial.... envy is high this season..... even if it is xmas and the feeling was supposed to be of a different kind....even if one wonders how much embellishment is going around........

scavengers

no limit to good businesses...

Indoor Games

the chines have forced their hand

and don't let the past obscure the future....

Merkel?

I thought it was someone from the far left......... it is indeed obscene....

saving Africa

if you will ...so to speak....

reason and rationality

what if we placed a baboon instead? would 70 million be enough? would profits decay?...one day the current inequality growth is going to backlash ....

Ah! the new frontier

go east my son....

waiting for news

but I got a comfortable chair........

karn evil

designing the future

recovering the tradition in the ultimate retro hi-tech guitar....

worthless...

piece of paper....here we go again...

ah! the settlement...

after behaving like cowards a few bucks to cleanse the conscience...

Bottom line

Pizzo

what if we decide to free ourselves? god forbids....imagine...

Major Tom

(re)calling all products....

larger than previously dreamed....in nightmares

1.3 billion..... murkier by the hour...dodgy....ahhhhh new semantics in the management realm....

the spectacle of defeat...

the solid sound analysis of what went wrong......one wonders why it was not applied before the fall...

no referendum anywhere....

but a clear voice..... mumbled perhaps...

beauty