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Again in The Office
Oct. 9th, 2008 12:39 pmBack in the office today, as while I'm not 100% my brain is working well enough to get some code sorted. Heck, it may even be good enough code to not need to be rewritten tomorrow!
Today's lunchtime reading was
1) How Mortgages Turned into a Trillion Dollar Disaster - which talks about leverage and derivatives. Which are simplier than you might think (cheers to![[livejournal.com profile]](https://www.dreamwidth.org/img/external/lj-userinfo.gif)
poisonduk for that one).
2) Crunch, crunch, crunch which explains how the lack of lending means that small businesses can't afford to wait 90 days to get paid any more when they sell to Woolworths or Tescos or the like. And that Woolworths may not have the cash on hand to pay them any earlier. Which might lead to pretty awful consequences while it sorts itself out. (came to me viathe_magician and alexmc)
The first one asks the question "Is it sensible to lend people stupid amounts of money to make bets with?" and the second one asks the question "Should we let large companies get away with making their suppliers wait 90 days before paying them?" If anyone wants to explain why the answer to either question is "yes" then I'd really like to hear it...
Today's lunchtime reading was
1) How Mortgages Turned into a Trillion Dollar Disaster - which talks about leverage and derivatives. Which are simplier than you might think (cheers to
poisonduk for that one).2) Crunch, crunch, crunch which explains how the lack of lending means that small businesses can't afford to wait 90 days to get paid any more when they sell to Woolworths or Tescos or the like. And that Woolworths may not have the cash on hand to pay them any earlier. Which might lead to pretty awful consequences while it sorts itself out. (came to me via
the_magician and alexmc)The first one asks the question "Is it sensible to lend people stupid amounts of money to make bets with?" and the second one asks the question "Should we let large companies get away with making their suppliers wait 90 days before paying them?" If anyone wants to explain why the answer to either question is "yes" then I'd really like to hear it...
