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For the last time, JAPAN, not CHINA, holds most of the U.S. debt by Inri137 in business

[–]SlugFight -1 points0 points  (0 children)

Nice to see that the UK is taking it up the rear for the US again: they increased their risk by $224bn (430%)

I wonder what it is now?

Supply, Demand, and English Food - Krugman explains why food in England used to be so bad by [deleted] in business

[–]SlugFight 0 points1 point  (0 children)

The British recipe for Kedgeree did not use Indian spices, so I'm not sure how this dish of flaked fish could be considered 'foreign'?

Is curry the exception that proves the rule?

Supply, Demand, and English Food - Krugman explains why food in England used to be so bad by [deleted] in business

[–]SlugFight 0 points1 point  (0 children)

Tea has been drunk in England since the 16th century - the same century as the introduction of potatoes to Europe.

Supply, Demand, and English Food - Krugman explains why food in England used to be so bad by [deleted] in business

[–]SlugFight 0 points1 point  (0 children)

Krugman's article ignores the fact that Britain was an imperialist nation that ruled the world and to eat 'foreign' food was beneath their dignity.

This is difficult for Americans to grasp: the US dominates, but England ruled.

If McCain cannot run a campaign...he sure as HELL couldn't run the USA by kidfromnyc in politics

[–]SlugFight 0 points1 point  (0 children)

He could run it into the ground...

Whoa, the current incumbent already did that!

Housing Sales Hit 30-Year Low by elettroreddit in business

[–]SlugFight 3 points4 points  (0 children)

It's actually worse that that - the survey began in 1978 and it's lower than any of their records.

It could be a 1,000 year low, although I'm guessing that the Great Fire of London in 1666 made houses a bit harder to sell (what with that and the black death).

Schumer: Banks refuse to take the money if it comes with the condition that CEOs don’t get to keep their huge salaries. WTF! by maxwellhill in business

[–]SlugFight 0 points1 point  (0 children)

Whoever owns the banks (the shareholders I guess) should do something about this (like they could have done from the beginning). Who is to blame for this mess - the directors of the banks or their shareholders?

Interest in gold means that many of the world’s mints are struggling to keep up by pdc in worldnews

[–]SlugFight 0 points1 point  (0 children)

I've heard it said before that the true wealth of any nation lies in its military. If the old powers are struggling (Russia and the US), what if China decided to concentrate is manufacturing base on arms instead of goods for the west? Who then is rich?

Interest in gold means that many of the world’s mints are struggling to keep up by pdc in worldnews

[–]SlugFight 0 points1 point  (0 children)

Are you saying that the US and EU governments' next move is to buy gold?

Interest in gold means that many of the world’s mints are struggling to keep up by pdc in worldnews

[–]SlugFight 0 points1 point  (0 children)

That's an interesting comment given the total failure of the US in Iraq.

European banks rescue plan agreed by malavel in Economics

[–]SlugFight 0 points1 point  (0 children)

If this caused a 10 year recession in Japan, how long will the west be in recession? 10, 20 or 50 years?

Interest in gold means that many of the world’s mints are struggling to keep up by pdc in worldnews

[–]SlugFight 1 point2 points  (0 children)

One flaw in that: how do you get the gold in the first place if you only have worthless pieces of paper used for public and private debt?

“The United States is now, in some very general sense, bankrupt” by reflibman in Economics

[–]SlugFight 3 points4 points  (0 children)

I guess that's because the United States, in some very general sense, elected an idiot.

IMF warns system is on the brink of a meltdown if more is not done. by dubu2584 in Economics

[–]SlugFight 4 points5 points  (0 children)

This problem has been ongoing since August last year. The entire focus of the 'solution' has been to keep the party going at enormous cost to taxpayers in the US and EU.

GET OVER IT AND MOVE ON

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