Tag: credit crunch
-
HSBC cries Wolf when really, There’s Nothing Wrong!
The latest news from HSBC (Warning as HSBC profits fall 28%), looks pretty dire, (“oh no! 28% down, jump from the windows“), so I’ll be closing my account then, should I? Lets put it in context…. Last year, some chickens came home to roost for people who’d over-leveraged their investments to bolster their lifestyles –…
-
Pakistan has Trouble with Capitalism
Protest over Pakistan share slump, – says the BBC article this morning. Apparently the people in Pakistan have had enough of falling share prices so have smashed up the Stock Exchange so that no-one can do deals any more! This is of course bang in line with the means of the original spread of Islam…