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....