credit crunch
Perspective: total reboot
According to wiktionary the word crisis (plural crises) means:
- A crucial or decisive point or situation; a turning point.
- An unstable situation, in political, social, economic or military affairs, especially one involving an impending abrupt change.
- A sudden change in the course of a disease, usually at which the patient is expected to recover or die.
- (psychology) A traumatic or stressful change in a person's life.
- (drama) A point in a drama at which a conflict reaches a peak before being resolved.
I wish the credit crush would focus its attention on Ryan Air.
Those aren't my words, nor my wishes for 2009. These words have been left as a comment on a blog highlighting Ryanair's 'polite' reactions when a blogger detected a bug on the Ryanair website.
According to the article, a staff member of Ryanair wrote the following:
"jason! you're an idiot and a liar!! fact is! read more ...
Learning finance: the word 'bailout'
In today's learning finance we'll try to understand the now commonly used word "bailout".
In economics, a bailout is an act of loaning or giving capital to a failing business in order to save it from bankruptcy, insolvency, or total liquidation and ruin (source: wikipedia).
Google Trends illustrates perfectly its recent popularity. Before May 2008, the number of queries of the word "bailout" was close to none. Once it enriched people's vocabulary, it only took 5 month's to explode into an incredible 80 times the average use of the word. Since then, it didn't left our language. Some say it will take a very long time before it will.
Learning finance: opposite schools of thought
“We have the Austrian school — the school of rational expectations, monetary schools. And in the U.S., we have a totally new school, and it’s called the Zimbabwae school. And it’s founded by one of the great leaders of this world, Mr. Robert Mugabe. He has managed to totally impoverish his own country. And that is the monetary policy the U.S. is pursuing. If something is going wrong, print. If it doesn’t get fixed print more. If it then goes even worse, print more.”
source: econoshock
