Display:
Hi everybody.  I hope you're all having a lovely weekend.  I think my 'rents might be in Paris.  Are they in Paris yet, Jerome?  

I have some inner-ear thing, awful, I can't speak without the sensation that I'm in a cave.  I can hear my voice in my head, but I can't hear it projecting, so I think I might be overcompensating and yelling at people on accident and the whole situation is making me insane.

Oh, what I wanted to tell you.  Since this site is like Doom P0rn Central, you might like this:  The other day I woke up to a story about banks becoming reserves not just for cash, but for water.  I'm not making it up.

Am I the only one who feels (re:the economy) the same sensation you get when you go on a rollercoaster ride, you're standing in line, anticipating it, and then the little compartment pulls up, and you are like, here we go, and then they lock you into you seats with a "Slam!".  That part.  The "Slam!" part.  Am I the only one who kinda feels like that right now?

"Pretending that you already know the answer when you don't is not actually very helpful." ~Migeru.

by poemless on Sat Oct 11th, 2008 at 01:46:20 PM EST
Also, have they finally succeeded in kicking Russia out of the G8?  I keep hearing about a meeting of the G7.  

"Pretending that you already know the answer when you don't is not actually very helpful." ~Migeru.
by poemless on Sat Oct 11th, 2008 at 02:00:54 PM EST
[ Parent ]
I was confused about that, too, and checked -- turns out it is a separate institution: this G7 is a separate forum of only finance ministers, not head of states.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Sat Oct 11th, 2008 at 02:21:58 PM EST
[ Parent ]
It's called security ;-)

You can't be me, I'm taken
by Sven Triloqvist on Sat Oct 11th, 2008 at 02:19:02 PM EST
[ Parent ]
I'm jealous of your 'rents.  

Hope you feel better.

So the big local news today is everyone's fear (actually it's HOPE) that the credit crisis kills the InBev/Anheuser-Busch deal.  Normally I would say that this is just fantasy-world wishful thinking on the part of the locals and that even in a tight credit market these loans would get done.  But after the past 2 weeks I hate to be assured about anything.

by Maryb2004 on Sat Oct 11th, 2008 at 05:38:54 PM EST
[ Parent ]
It's a bad deal is it?

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Sat Oct 11th, 2008 at 05:49:45 PM EST
[ Parent ]
No, it's probably a good deal for shareholders.  

But a bad deal for the community. Anheuser-Busch is very philanthropic and does a lot for the city.  Everyone expects that well to dry up once they are owned by the Belgians.  And despite assurances that they'll maintain North American headquarters here - no one really believes them.  Or thinks that it will matter in the long run.

So the locals are all excited by the prospect that the financial crisis could "save" AB, as they put it. It's a $58 billion deal.  InBev has to borrow $40 billion.  

I have a hard time believing that their financing sources will back out even in this economy.

by Maryb2004 on Sat Oct 11th, 2008 at 06:09:06 PM EST
[ Parent ]
I had a bust day Thursday, went to Amsterdam Friday, and was invited to a week-end away in the Loire valley, so I have not set foot in Paris in the ast 3 days, unfortunately.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Sat Oct 11th, 2008 at 06:15:08 PM EST
[ Parent ]
Doesn't sound too unfortunate.  

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Oct 11th, 2008 at 10:14:13 PM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series