Human nature. Each person is trying to grab what he can before his luck runs out. It is like "musical chairs"; each person hopes he can grab his chair before the other guy and then get out before the decline.
Cannot legislate against this because no one knows at what point greed becomes too excessive and too leveraged. ----- Original Message ----- From: "Ricardo Aráoz" <[EMAIL PROTECTED]> To: "ProFox Email List" <[email protected]> Sent: Monday, November 17, 2008 7:42 PM Subject: [OT] USA is not to be blamed here. > I've been reading in the news lately about the recession being declared > in Germany, UK, and Japan (am I missing any others?). They don't spell > it but they imply it is because of USA's latest economic blunder. But > AFAIK to declare recession you need two trimesters of negative growth, > so the USA situation may add to the problem but is not the cause. I > guess the cycle was already coming down, no matter what the economists > want us to believe they got no bloody idea about what causes these > cycles or how to stop them. > Any comments? > > > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
