My understanding of current economy #1

While a lot of people may be suffering from the recent events in the financial markets and economies, people should still have some fun.

(thanks Gigi for forwarding these fantastic British humour to me)

Q: What's the difference between Investment Bankers and London Pigeons?
A: The Pigeons are still capable of making deposits on new BMWs.

Q: What's the difference between an investment banker and a large pizza?
A: A large pizza can feed a family of four.

I had a cheque returned by the bank recently.
It was marked 'Insufficient Funds'
Mine or the banks?

For Geography students Only:
Q: What's the capital of Iceland?
A: Three Pounds Fifty...

Latest news,
the Isle of Dogs Building Society has collapsed.
They've called in the retrievers.

Quote of the day (from a trader):
'This is worse than a divorce.
I've lost half my net worth and I still have a wife.'

I talked to my bank manager the other day and he said he was going to concentrate on the big issues from now on.
He sold me one outside Boots yesterday!

Q: How do you define optimism?
A: A banker who irons 5 shirts on a Sunday.

An elderly lady receives an e-mail from the son of a deceased (but wealthy) African general, asking whether he could transfer millions of pounds into her bank account in return for a 20% cut. All the son needs is the sort code and account number.
Not realising she is the victim of a Nigerian 419 fraud, she e-mails back the details.
A couple of minutes later she receives an e-mail back from the general's son: 'Icesave?!' What is this, some sort of scam?'




But still, because of burst of bubbles, many people have lost their jobs and life savings. Has it affected you? If so, do you really know what happened and what affected you?

Last week in Tokyo, we had a long discussion on what happened and what changes we can expect in the system. It lasted until 2am in the morning, so some of the contents may not really make sense. But I still think during the course of explanations and discussions, we are pretty sure with what went happened, what went wrong, how it affected us and how it could be solved.

Some pictures taken during our discussion of the credit crisis.

Is that a big bottle of JD, or I have lost some weight?
JD maniacs