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PostPosted: Thu Sep 22, 2011 5:07 pm 
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Location: Billy, the mountain...
Has Western capitalism failed?

Twenty years ago, the fall of communism in Russia and Eastern Europe seemed to prove the triumph of capitalism. But was that an illusion? Constant shocks to the world's financial system over the past few years prompted the BBC World Service's Business Daily programme to ask leading figures whether they thought Western capitalism had failed.


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PostPosted: Fri Sep 23, 2011 1:52 pm 
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Yep, we're all fucked up.

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PostPosted: Fri Sep 23, 2011 2:16 pm 
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Some people saw that coming at least two years before the 2008 crash.

In science they say the good theory is the one with good predictive powers...

:oops:

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PostPosted: Mon Sep 26, 2011 5:34 pm 
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Mr_Green_Genes wrote:
Some people saw that coming at least two years before the 2008 crash.

In science they say the good theory is the one with good predictive powers...

:oops:



We in the Telecommunications industry usually have about a 6 month lead on bad or good economic dips & rises, we could see that something really bad was happening in early 2007, by the time 2008 rolled around we new this was different than any other economic glitch we had seen before. We now are in a strong recovery, but the rest of the economy has not followed as it normally does, we should have seen a broader rebound at least by last June or July...that leads me to believe that the crash was worse than people realize and that a merely stabilized and flat line economy is the recovery from a much greater economic disaster...

:smoke:


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