Lehman Brothers announced bankruptcy.
Can you believe we are still not out of this shit?
Quote from: Martinus on September 16, 2016, 01:27:18 PM
Lehman Brothers announced bankruptcy.
Can you believe we are still not out of this shit?
Probably what people were saying in 1937.
I don't think we are ever going back to the 2007 situation. The current situation is normal and will continue to be so till the next major change.
Quote from: Richard Hakluyt on September 16, 2016, 01:30:45 PM
I don't think we are ever going back to the 2007 situation.
I certainly know I'm not.
"This shit" would have to be defined pretty broadly for us to be considered to still be in it.
Quote from: Richard Hakluyt on September 16, 2016, 01:30:45 PM
I don't think we are ever going back to the 2007 situation. The current situation is normal and will continue to be so till the next major change.
Yeah. It's the new normal.
Quote from: Admiral Yi on September 16, 2016, 02:17:47 PM
"This shit" would have to be defined pretty broadly for us to be considered to still be in it.
Translation: LOL, suckers
Quote from: Martinus on September 16, 2016, 02:18:51 PM
Quote from: Richard Hakluyt on September 16, 2016, 01:30:45 PM
I don't think we are ever going back to the 2007 situation. The current situation is normal and will continue to be so till the next major change.
Yeah. It's the new normal.
You might need to explain a bit more. I don't see how the new normal is that much different from the old normal. What fundamentally shifted in 2007?
#imwithyi
Quote from: Valmy on September 16, 2016, 02:21:13 PM
Quote from: Martinus on September 16, 2016, 02:18:51 PM
Quote from: Richard Hakluyt on September 16, 2016, 01:30:45 PM
I don't think we are ever going back to the 2007 situation. The current situation is normal and will continue to be so till the next major change.
Yeah. It's the new normal.
You might need to explain a bit more. I don't see how the new normal is that much different from the old normal. What fundamentally shifted in 2007?
Crazy low interest rates yet with low growth?
Quote from: Barrister on September 16, 2016, 02:52:20 PM
Crazy low interest rates yet with low growth?
Ah. I thought that started with the 2000 dot come crash. But understood. Yeah I don't know when anybody plans on upping interest rates.
Quote from: Valmy on September 16, 2016, 02:21:13 PM
Quote from: Martinus on September 16, 2016, 02:18:51 PM
Quote from: Richard Hakluyt on September 16, 2016, 01:30:45 PM
I don't think we are ever going back to the 2007 situation. The current situation is normal and will continue to be so till the next major change.
Yeah. It's the new normal.
You might need to explain a bit more. I don't see how the new normal is that much different from the old normal. What fundamentally shifted in 2007?
The M&A market and legal services market are completely different, at least. The rates never recovered.
Quote from: LaCroix on September 16, 2016, 02:35:32 PM
#imwithyi
I'm sure your way richer then you were in high school.
Quote from: Martinus on September 16, 2016, 02:58:03 PM
Quote from: Valmy on September 16, 2016, 02:21:13 PM
Quote from: Martinus on September 16, 2016, 02:18:51 PM
Quote from: Richard Hakluyt on September 16, 2016, 01:30:45 PM
I don't think we are ever going back to the 2007 situation. The current situation is normal and will continue to be so till the next major change.
Yeah. It's the new normal.
You might need to explain a bit more. I don't see how the new normal is that much different from the old normal. What fundamentally shifted in 2007?
The M&A market and legal services market are completely different, at least. The rates never recovered.
Same in my business. Wages and number of projects are way down. There's been a polarization of the market, actually, you are either a big shot earning shitloads or a bottom-feeder working for peanuts. The "midmarket" of Spanish TV/film is all but gone.
Same in my industry - automotive in Europe never recovered from the financial crisis and sales numbers are still like 15% below the peak reached in 2007.
Nuke sells. But who's buying? :(
Both "this shit" and "we" need to be defined.
As far as "we" is concerned, "Hong Kong" got out of the financial crisis a long time ago. GDP numbers more than recovered. The problem is the benefits do not trickle down to the majority of the population. A study found that nominal GDP increased by 50% from 2006 to 2015. Inflation increased by some 20-30%. Nominal wages? 1%. The nominal starting salary of a university graduate is the same as it was 20 years ago, but prices have increased a lot. It is an endless downward spiral for the next generation.