tag:blogger.com,1999:blog-4073991368963140015.post7205698294781227916..comments2023-11-05T12:18:27.222+00:00Comments on Labour And Capital: PlugsTom Powdrillhttp://www.blogger.com/profile/05511483398745094803noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4073991368963140015.post-53283116471892690462008-10-09T01:07:00.000+00:002008-10-09T01:07:00.000+00:00I was talking about the situation here in blighty,...I was talking about the situation here in blighty, rather than the US - where undoubtedly the situation is worsening.<BR/><BR/>I'm not that happy about the bank restructuring (perestrioka!) thing being put in place - but hopefully the interest rate cut (being passed on by some of the big banks) etc. will allow workers to get paid, businesses to keep on providing goods and services, and so on.Charlie Markshttps://www.blogger.com/profile/12770820928636046622noreply@blogger.comtag:blogger.com,1999:blog-4073991368963140015.post-52011596643894053642008-10-08T20:17:00.000+00:002008-10-08T20:17:00.000+00:00I dunno Charlie, I'm not sure the bank bailout is ...I dunno Charlie, I'm not sure the bank bailout is the end of it by a long way. Paulson reckons more US financial institutions are going to go under - that's bound to have knock on effects. And I'm still waiting for some of the private equity buyouts done at the top of the boom to start unwinding.Tom Powdrillhttps://www.blogger.com/profile/05511483398745094803noreply@blogger.comtag:blogger.com,1999:blog-4073991368963140015.post-72653484419142595592008-10-08T05:07:00.000+00:002008-10-08T05:07:00.000+00:00Aaro shows, not a lack of answers, but a lack of h...Aaro shows, not a lack of answers, but a lack of hope. He thinks that the crisis will inevitably result in an economic depression - that we can't fight our way out of it. He's a prophet of doom himself.<BR/><BR/>In a few hours time Alistair Darling, erstwhile Trotskyist, will announce the part-nationalisation of the banking sector. The credit crisis facing businesses large and small could be over within a matter of days if the political will for it exists...Charlie Markshttps://www.blogger.com/profile/12770820928636046622noreply@blogger.com