[Gurt] When a good thing goes bad, it's not the end of the world, it's just the end of a world


15 years ago, when I was in high school, I met Autheman. He was my one love, my true love. We were together not in reality, but only in my head. 

Can we please fire Autheman? :3 >>>>

Comments

Post a Comment

Popular posts from this blog

[Financial Times] Thai Baht Loses its Peg, Value Plummets

The beginning of an exchange rate-induced crisis in what was a tiger economy  A shocking tragedy befalls the Kingdom of Thailand as the state proceeded to float its currency following its perceived inability to sustain its peg to the greenback. A series of speculative attacks amounted to a sharp depreciation of the Thai baht, sending ripples across interlinked financial systems in the Asia-Pacific region. Notably, huge current account deficits, growing real estate asset bubbles, lax regulations in the financial sector, and dwindling foreign exchange reserves diminished investor confidence in the currency and the economic strength of the country. Inevitably, compounded with rumours of a currency devaluation, speculative attacks largely undermined the Bank of Thailand’s ability to defend the baht, ultimately floating the currency. 
Read more

[Asia Times] Thai Imports at Record Low, Worry Brewing

Trade conditions worsen, exporters panic while domestic producers celebrate   With the further depreciation of the Thai baht, Thailand’s quantity demanded for imports has declined  due to a diminishing external value of the Baht (and hence more expensive foreign goods for Thai locals).  This has led to a fall in export demand for trade partners like Japan and Indonesia, with this impact being  the worst in South Korea. In the past month, South Korean exports of electronics, manufacturing materials,  and even basic construction materials like wood and cement have declined by 10.2% as these  export-oriented industries see their long-term profitability being threatened. Smaller enterprises have been  pushed to the brink of insolvency, with a few companies barely breaking even.  Thai manufacturers are ecstatic about such uncompetitive markets, however the general consumer does  seem to think differently. Prices are slowly rising as well, with the...
Read more

[Le Républicain Lorrain] European Economy On Verge of Recession

After the market crashes of September, investor confidence is yet to  recover, and negative GDP growth might be soon approaching November 8th, 1998   With limited financial recovery options available to its economies, Europe has found itself in a tricky  situation. The recent market crashes have left hundreds and thousands companies all across the subcontinent  reeling, with many filing for bankruptcy. As famed economist Daniel Adams reports, “faith in European  companies is scarce, and GDP growth is rapidly falling”.    In worse news, while the recent Eurobond initiative passed by the IMF has alleviated the illiquidity issues it  faced, the funding provided by European countries like France and Germany -- while mild -- has  nonetheless lowered the affected governments’ available funds.   However, there seems to be a silver lining to this crisis. The Eurobond initiative has forced nations  receiving IMF loans to enter contracts with...
Read more