The Meltdown: Minsky Moment  

Posted by diary of a madman

Well a rather depressing debut post here for the Madman!!
After blogging in different parts decided that I need a more flexible platform to rant, vent, inspire and create. I will continue to post and publish on my other 2 blog areas diaryofamadman.co.uk as well as blogs.conchango.com/derekdunlop/ - but I have plans for the madman site that I will unveil later on here - and the other is my work blog so must ensure that there is relevant work content flowing!!

So welcome old and new readers - I will of course move back onto topic quickly but - fuck what is happening in the world just now. Chaos and mayhem!!! It's all kicking off and personally I'm looking at the greedy mutha fuckers that think that $250million is not enough and going to go for more - that ethos is for shallow low life scum and will trample, destroy and generally fuck anyone over in order to get their pound of flesh!

I mean what the fuck is that all about - yes Im all for a good competitive advantage, but would I really sell my soul, cut out another persons heart and piss on their parade just for my own personal gain?? Hell No!!
Ultimatley this greed will catch up with everyone and with over valuation and over priced worth will at some point create a cataclysmic meltdown or put another way create what is known as the Minski Moment!

Now I'm no financial whizz kid and I don't pretend to be one - I don't invest in the stock market as I don't feel the need to gamble my hard earned cash based on what analyists base a value or worth on - I strongly feel that we are at a tipping point where we can no longer progress as we are doing.

When there is such a divide and total inequality in the world today- why should some banker in Wall Street demand $1.5m a yearvas well as another $1.5m bonus - does he deserve that kind of money - what exactly has he done to get that kind of payday - takes a risk, plays the market, fucks anyone over that gets in his or her way on order to get that bonus and more!
What about the other side - for every winner their must be a loser - that person may just have lost everything and now realised that their life was in effect driven my the almighty $ and now sees that actually there is more to life than cash - I know a few of these leeches and wow what a difference in their outlook on life since giving up chasing the $!
Now in 2008 - we see £250billion wiped off the value of shares in one week - some peope have just lost everything - the innocents as well as the greedy. The difference being the innocent were investing for their future and retirement - the gamblers were out on their self belief that they are money gods and genuises that knew how to play the market. Well looks like they have failed - will they me dipping into their savings to bail out the market they so quickly and vivaciuosly took from - fuck no - that's "their cash and they bloody well earned it" they will cry and start to off load as much failing stock and shit to save their own ass followed by their company then finally you and not me I'm afraid- the more this happens then the bigger the impact and the swell gets to such a degree that the entire financial sector collapses in on itself - how can a financial institute such as a bank fail - it can if it has mis-managed it's investments and debt to the point that it no longer can sustain itself . A crash is always defined as anything that has a drop greater than 10% in one single day trade - in the UK that happened to some of the biggest banks Barclays, HBoS, lloydsTSB all dipped below 10% some even close to 20%

All this signals the beginning of the end on how we should live, work, trade and as human beings start to look around us rather that within

The Minsky Moment may just what the world needs to embrace the 21st Century and start again with a different base to value worth and purpose?

Or is that just some hippy bullshit!

Well see - until then hold on for one hell of a ride!

Until next time

See Ya!
The Madman



-- Post From the ether somewhere in the world!!

This entry was posted on 10 Oct 2008 at 10/10/2008 . You can follow any responses to this entry through the comments feed .

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