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Comment Re:Great Recession part II? (Score 1) 743

That is a relief.

Thanks for the info. ... but your closing statement? You and I both know they won't. They elected an official who promised not to pay with thundering applause from the idiot citizens who voted him in. Wow.

As usual if you are I do not pay off our student loans the banks cash our paybacks and FORCE US to payback where not even bankruptacy starving ourselves and our kids. When nations do it and take down the economy of innocent parties then it is business as usual. No consequences etc.

I am not a socialist by any sense of the means about income inequality but man it does boil my blood as the bigger parties like whole banks, industries, and countries get off the hook but we are supposed to be responsible yada yada

Comment Re:Great Recession part II? (Score 1) 743

But that line could change.

Psychology played in the Great Recession which magnified it after the math failed. No one trusted each other and banks borrowed from each other with credit asset swapping. (Why weren't they labeled expenses??)

So viola they all told each other you are no good. BOOM! Collapse and Uncle Sam had to come in and payback and buy the junk assets to try to have them trust each other again.

If Greece goes Italy will be viewed next (bad side). If they go fear will spread and those like Portugal WILL get shafted as investors know no one else will pay for their bonds so if you buy your money will be out the window etc. The bonds are worth as much as toilet paper as no one will buy them due to fear.

Yes this sounds nonsensical but in the great recession, 1929, and other events in history it has happened. I doubt banks hold less greek bonds unless the IMF bought them all? Why? Let's say you own them? Who in their right mind would buy them?! No one. You are stuck holding them or selling them at a HUGE loss.

Comment Re:Great Recession part II? (Score 0) 743

Let's say you and I and a friend need some money.

We borrow from each other and swap the debt around and as long as the chain is good and we *trust* each other and pay back things run smoothly. Let's say I owe less but say I can't pay you 2 back. Then comes fear with you and the other guy saying to each other you are no good.

This sounds silly and nonsensical but happened in the USA in 2008. Psychology as no one trusted each other and said they were no good the assets instantly turned into expenses that no one could afford.

Yes, Greece is tiny. But what is to say spooked investors who lost tons of cash now look at Ireland and Italy next. Everyone does it and now Italy is no good because the other investors said so. It can't borrow to pay its bills, etc. Spain, then eventually the US.

Swapping debt assets seem stupid like the children's hot potato game where as long as you are not holding the potato when the bill is due you gain.

Comment Great Recession part II? (Score 4, Insightful) 743

I am nervous as this feels like early 2008 all over again.

People though ack a few banks will be late paying each other for it's silly home instruments. Big deal let's buy banking shares now while they are cheap etc ...

We all know what happened next? Last year we finally came close to full recovery. The house of cards collapsed and is still being pumped up by the federal Reserve as we never had a full collapse!

Japan, America, and the EU may be next should Greece not to pay with skyrocketing rates and a great depression awaiting as the Federal Reserve won't be able to pump borrowed money to the banks, again.

Am I the only one who sees this?

Comment Re: My personal favorite was (Score 1) 387

Macs had cooperative multitasking since 1984. Windows 3.0 also had cooperative multitasking. It didn't need dos emulation and weird graphics hacks as it was built from the ground up rather than an add on hack for Windows. Mac II was color in 1987.

My point is Windows was a low grade hack until Windows 95 where it became a pseudo OS with more hacks upon hacks to get anything to work until XP came along and kicked the nasty model to the curb for all pcs

Comment Re:Yet looks more modern than 8/10 (Score 3, Interesting) 387

You know just because you all hated the leather background in the Mac address book does not mean you need to get rid of shininess, chrome, depth perception, and other features which actually helped the user distinguish which Window was active.

ENOUGH IS ENOUGH! Give me my damn skuemorphism back. It works fine. I know NO ONE and I mean NO ONE besides hipster graphic designers afraid to have anything modern looking on their portfolio as other hipster artist look at them before hiring them. It creates a cycle of race to the bottom of less graphics, less detail, blinding white, 72x text.

SKUEMORPHISM != REALISM folks and MS appearently thinks it does.

Comment Re: My personal favorite was (Score 1) 387

It didn't need one. Windows and pascal were part of the toolkit. I hated Windows back in the day but was no apple fan boy. Apple was ahead as was others such as Amiga and sunos.

But corporate users needed their apps and rest was history. Windows didn't get ok until XP AND good until 7 ... then 8 sigh

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