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Overstock's Byrne deciphers Economic Meltdown Civilization Deleveraging

Anonymous Coward

Voice of God 

Posted Wednesday 3rd December 2008 14:03 GMT

Please tell Cade to turn the reverb down.

Tom

Mark to Market is probably 

Posted Wednesday 3rd December 2008 15:28 GMT

the more direct culprit in the current crisis. Just because one company had to sell their prices at fire sale discounts, all the rest of the companies that didn't have to sell them had to mark them down to the same value. And then companies that were sound were suddenly in dire straights and also had to sell their assets at fire sale prices. In that kind of environment, naked short selling is a rational way to make money.

Jonathan McColl

De-leveraging? 

Posted Friday 5th December 2008 19:47 GMT

Coat

You've just had a hundred comments on buffling in which 'leveraging' came up often as a cause of word-rage. Lever: a whatnot for shifting things. Leverage: an emotional state where you're ready to get your life shifted by the guy who has the leverage. De-leverage: an emotional state where you're ready to get it back again.

Now we have our civilisation being de-leveraged? Sounds better than economically melting. I'm worriedly hopeful again.

I don't want to think of post-coitus naked shorts, so I'll just get my coat now ...