Comments on: Global Crisis Timelines http://www.ritholtz.com/blog/2009/07/global-crisis-timelines/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 20:51:56 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: FromLori http://www.ritholtz.com/blog/2009/07/global-crisis-timelines/comment-page-1/#comment-193486 FromLori Thu, 16 Jul 2009 02:08:37 +0000 http://www.ritholtz.com/blog/?p=32312#comment-193486 President Harding was the greatest depression fighter of all so I will assume that was sarc franklin that used to be taught in American classrooms before many of the teachers turned into communists. http://www.lewrockwell.com/orig4/powell-jim4.html President Harding was the greatest depression fighter of all so I will assume that was sarc franklin that used to be taught in American classrooms before many of the teachers turned into communists.

http://www.lewrockwell.com/orig4/powell-jim4.html

]]> By: winstongator http://www.ritholtz.com/blog/2009/07/global-crisis-timelines/comment-page-1/#comment-193858 winstongator Wed, 15 Jul 2009 18:27:21 +0000 http://www.ritholtz.com/blog/?p=32312#comment-193858 When did the Bear Stearns hedge funds fail - wasn't it March 07? The timeline should at least go back to there. When did the Bear Stearns hedge funds fail – wasn’t it March 07? The timeline should at least go back to there.

]]> By: jc http://www.ritholtz.com/blog/2009/07/global-crisis-timelines/comment-page-1/#comment-193559 jc Wed, 15 Jul 2009 11:31:53 +0000 http://www.ritholtz.com/blog/?p=32312#comment-193559 NYT article on banks mortgage profits. I confess I really don't understand a lot of it - it sounds like a witches brew of (more) gov bailouts and accounting gimmicks for the banks. Fundamentally it's hard to reconcile these super profits while the banks are saddled with hundreds of thousands of foreclosed homes (how many "shadow" properties do they have) and home resales and new home construction are totally dormant. Commercial loans and credit cards are two more sucking chest wounds for the banks. http://www.nytimes.com/2009/07/15/business/15bank.html?th&emc=th NYT article on banks mortgage profits. I confess I really don’t understand a lot of it – it sounds like a witches brew of (more) gov bailouts and accounting gimmicks for the banks. Fundamentally it’s hard to reconcile these super profits while the banks are saddled with hundreds of thousands of foreclosed homes (how many “shadow” properties do they have) and home resales and new home construction are totally dormant. Commercial loans and credit cards are two more sucking chest wounds for the banks.

http://www.nytimes.com/2009/07/15/business/15bank.html?th&emc=th

]]> By: aitrader http://www.ritholtz.com/blog/2009/07/global-crisis-timelines/comment-page-1/#comment-193553 aitrader Wed, 15 Jul 2009 10:19:45 +0000 http://www.ritholtz.com/blog/?p=32312#comment-193553 Apropos Global Crisis Timelines - it's certainly a work in progress. Lot's more to add methinks in the coming weeks. Apropos Global Crisis Timelines – it’s certainly a work in progress. Lot’s more to add methinks in the coming weeks.

]]> By: Thor http://www.ritholtz.com/blog/2009/07/global-crisis-timelines/comment-page-1/#comment-193518 Thor Wed, 15 Jul 2009 03:34:52 +0000 http://www.ritholtz.com/blog/?p=32312#comment-193518 Cvienne - VERY Cool story! Interesting that someone you knew as a child found his way back into your life (if only via the national media). Also interesting you mentioned The Breakfast Club. I could totally relate to that movie, it was exactly like the High School I went to at the time (I was a freshman when the movie came out) The only difference is that I went to a high school know for it's academic programs rather than sports so it was the smart rich kids who were popular rather than the jocks. I was more of the Alley Sheedy character - kind of funky, a little weird. I tended to hang out with the nerds though but I wasn't very good in school. I dressed exactly like John Cryers character in Pretty in Pink though - hats, rolled up sleeves, bolo ties, that sort of thing. I wouldn't say I was ever picked on much, but I was most definitely not part of the "in" crowd. Glad I made it through though, high school was not a fun time for me. Cvienne – VERY Cool story! Interesting that someone you knew as a child found his way back into your life (if only via the national media).

Also interesting you mentioned The Breakfast Club. I could totally relate to that movie, it was exactly like the High School I went to at the time (I was a freshman when the movie came out) The only difference is that I went to a high school know for it’s academic programs rather than sports so it was the smart rich kids who were popular rather than the jocks. I was more of the Alley Sheedy character – kind of funky, a little weird. I tended to hang out with the nerds though but I wasn’t very good in school. I dressed exactly like John Cryers character in Pretty in Pink though – hats, rolled up sleeves, bolo ties, that sort of thing. I wouldn’t say I was ever picked on much, but I was most definitely not part of the “in” crowd. Glad I made it through though, high school was not a fun time for me.

]]> By: cvienne http://www.ritholtz.com/blog/2009/07/global-crisis-timelines/comment-page-1/#comment-193511 cvienne Wed, 15 Jul 2009 03:14:22 +0000 http://www.ritholtz.com/blog/?p=32312#comment-193511 @Thor "Manny - yes, it’s wonderful! I was definitely a late bloomer." --- Actually, THOR, I have yet another story along those lines and on the same subject...I swear I'm not making this stuff up...Life is WEIRD... OK here goes... Remember the guy Randy Pausch (who made headlines a few years back due to his battle with pancreatic cancer and his positive approach)? Well, I don't want to make it out that we were BEST FRIENDS or anything like that, but we spent a great deal of time together as pre-teenagers... It was your classic (or unusual) jock meets nerd scenario...He was a nerd (who liked to do jock things) - and I was a jock (who liked to do nerd things)...We basically became friends one summer between 7th & 8th grade where we were both enrolled in an advanced placement math summerschool class (so that in 8th grade we'd be able to move onto analytic geometry instead of being stuck in basic algebra)...We'd both scored in the 600-700's(as 7th graders) in an ad hoc math SAT that they conducted at Johns Hopkins... Anyway, we both went to the class during the summer and before class we'd play some tennis, then go PUTT with our tennis rackets at a local miniature golf course near the school... Randy even took over my old paper route, and when his family was on vacation (since I knew the route), I'd sub for him, and go over and feed their family cats...They had a pool table in the basement so it was cool... We ended up drifting apart as friends because he was in the nerd crowd and I was in the jock crowd...He was ALWAYS competitive in sports (mentally) but his body just couldn't hack it physically because he was the scrawny type... One OTHER thing we used to do was PLAY CHESS all the time...He usually whooped me there, but I took him down a time or two...He played 2nd board on the chess team behing a guy named David Stebbene (who everybody in our school thought would eventually become a US Senator or something)...For some reason, I hacked along and played alternate to the 7th board (although I was a jock who earned 13 varsity letters - NO KIDDING - 4 varsity football - 4 baseball - 4 indoor track - 1 outdoor track during baseball season)... Anyway - it was strange for me to hear his name again in the national media...It was about the time I came back to the US from Italy... Randy was a good guy...Competitive as all hell even at a young age...It was a nice story... Anyway - the "jockstraps on heads" idea came to mind...And NOTE...From my personal story, I wasn't the NERD who got tossed out by the jocks...Instead, I was a FRESHMAN who made the varsity team (who ended up getting the same treatment)...and they tossed me out there NAKED to boot! @Thor

“Manny – yes, it’s wonderful! I was definitely a late bloomer.”

—

Actually, THOR, I have yet another story along those lines and on the same subject…I swear I’m not making this stuff up…Life is WEIRD…

OK here goes…

Remember the guy Randy Pausch (who made headlines a few years back due to his battle with pancreatic cancer and his positive approach)?

Well, I don’t want to make it out that we were BEST FRIENDS or anything like that, but we spent a great deal of time together as pre-teenagers…

It was your classic (or unusual) jock meets nerd scenario…He was a nerd (who liked to do jock things) – and I was a jock (who liked to do nerd things)…We basically became friends one summer between 7th & 8th grade where we were both enrolled in an advanced placement math summerschool class (so that in 8th grade we’d be able to move onto analytic geometry instead of being stuck in basic algebra)…We’d both scored in the 600-700’s(as 7th graders) in an ad hoc math SAT that they conducted at Johns Hopkins…

Anyway, we both went to the class during the summer and before class we’d play some tennis, then go PUTT with our tennis rackets at a local miniature golf course near the school…

Randy even took over my old paper route, and when his family was on vacation (since I knew the route), I’d sub for him, and go over and feed their family cats…They had a pool table in the basement so it was cool…

We ended up drifting apart as friends because he was in the nerd crowd and I was in the jock crowd…He was ALWAYS competitive in sports (mentally) but his body just couldn’t hack it physically because he was the scrawny type…

One OTHER thing we used to do was PLAY CHESS all the time…He usually whooped me there, but I took him down a time or two…He played 2nd board on the chess team behing a guy named David Stebbene (who everybody in our school thought would eventually become a US Senator or something)…For some reason, I hacked along and played alternate to the 7th board (although I was a jock who earned 13 varsity letters – NO KIDDING – 4 varsity football – 4 baseball – 4 indoor track – 1 outdoor track during baseball season)…

Anyway – it was strange for me to hear his name again in the national media…It was about the time I came back to the US from Italy…

Randy was a good guy…Competitive as all hell even at a young age…It was a nice story…

Anyway – the “jockstraps on heads” idea came to mind…And NOTE…From my personal story, I wasn’t the NERD who got tossed out by the jocks…Instead, I was a FRESHMAN who made the varsity team (who ended up getting the same treatment)…and they tossed me out there NAKED to boot!

]]> By: constantnormal http://www.ritholtz.com/blog/2009/07/global-crisis-timelines/comment-page-1/#comment-193507 constantnormal Wed, 15 Jul 2009 02:55:53 +0000 http://www.ritholtz.com/blog/?p=32312#comment-193507 @F411 -- just a suggestion -- DO go back and research the actions of the "dim-witted" Fed and gummint of the 1930's -- I think you will find that they flailed around as much as we have, and were equally ineffective. Unemployment marched ever higher, the economy continued to slow (out in the real world), but the programs and fixits kept right on a-coming. It is not the multitude or magnitude of the actions taken than matters -- it's how effective they are. In that, Obama is proving to be a very good match for Hoover. @F411 — just a suggestion — DO go back and research the actions of the “dim-witted” Fed and gummint of the 1930’s — I think you will find that they flailed around as much as we have, and were equally ineffective. Unemployment marched ever higher, the economy continued to slow (out in the real world), but the programs and fixits kept right on a-coming.

It is not the multitude or magnitude of the actions taken than matters — it’s how effective they are. In that, Obama is proving to be a very good match for Hoover.

]]> By: cvienne http://www.ritholtz.com/blog/2009/07/global-crisis-timelines/comment-page-1/#comment-193505 cvienne Wed, 15 Jul 2009 02:48:41 +0000 http://www.ritholtz.com/blog/?p=32312#comment-193505 @Thor I was thinking more along the lines of the friends of the Anthony Michael Hall character in Sixteen Candles... But your reference will do :-)... @Thor

I was thinking more along the lines of the friends of the Anthony Michael Hall character in Sixteen Candles…

But your reference will do :-) …

]]> By: Thor http://www.ritholtz.com/blog/2009/07/global-crisis-timelines/comment-page-1/#comment-193501 Thor Wed, 15 Jul 2009 02:35:13 +0000 http://www.ritholtz.com/blog/?p=32312#comment-193501 Manny - yes, it's wonderful! I was definitely a late bloomer. Manny – yes, it’s wonderful! I was definitely a late bloomer.

]]> By: Mannwich http://www.ritholtz.com/blog/2009/07/global-crisis-timelines/comment-page-1/#comment-193498 Mannwich Wed, 15 Jul 2009 02:29:54 +0000 http://www.ritholtz.com/blog/?p=32312#comment-193498 @Thor: I think that's called "peaking too soon". It's a beautiful thing, isn't it? ;-) @Thor: I think that’s called “peaking too soon”. It’s a beautiful thing, isn’t it? ;-)

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