Neu Leonstein
Captain of Capitalism

I'd assume that Pissaro would consider a successful government policy as a contradiction in terms, lol. What do you think is a central theme of Austrian economics that Pissaro neglects?

I thought this might be the case. On a related though separate note, why you don't think that all financial crises are caused by government intervention?

P.S. I apologize for the delayed reply. My grandfather passed and I've had to deal with the fallout.

Hey, do you know of any financial crisis where the argument that the government had any hand is said crisis is pretty absurd? That is if you know offhand.

OK cool, sounds like an interesting proposal. My thesis is going to examine how the regulators particularly those in the US contributed to the credit crisis. But still needing to refine it better, currently in the process of writing up a research proposal. Might have been further had the uni not decided to tell me less than a fortnight from classes going back. I'm glad I went on my holiday last week and not this coming week.

Hey mate, Interesting article there, still going over it properly though. I recall that you are doing your honours year this year which obviously includes a thesis. I remember you telling me what your thesis would be on but still hadn't decided. Just wondering if you had actually finalised on something yet?

Neu Leonstein,

Sorry about this but it appears I replied to your question in my home page. I wasn't paying attention when I did it. Anyway I will copy and paste it below just in case you didn't see it.

Sorry to hear about your dad, I hope him and your family have a good turn around, when the economy starts going down this will happen, hopefully it picks up again soon. Well good question, I am have applied for the honours program at uni so hopefully I can get into that. I am also going to apply for the Master of Finance that Adelaide Uni is offering, it is a one year course where you going into depth on a lot of financial topics such as starting your own portfolio. My last exam is this Saturday and that is it for my uni degree than, so I am going to just try and get a temporary job for me to be able to continue living (I don't want to go on the dole) and then try next year when companies start advertising for graduates again I will be applying for them. There is always the ADF, if I get my fitness back up again I can reapply, I almost got into officer training with the Army about 4 years ago but lack of life experience let me down, I can always go into that I suppose.

Sorry about the long reply, sometimes I go on to much, and it was probably more information than you wanted.

Well basically as you know with the whole economic downturn in the world and the effects to China amongst other countries. This company produces steel and ships Iron Ore, I was going to head into their Sales and Marketing Division, (One area I think I would enjoy, along with a couple of other industries) anyway basically they have had a lot of their steel orders cancelled and from the information I have been told from those working high in the company have said that they can't even sell their Iron ore (apparently there is 20 million tons sitting on the docks in China which no one wants anymore) and even the price for scrap metal has dropped (currently non-existent as no one is buying though there was rumours of an American company selling it for $50/ton, the lowest this person telling me was $120/ton during the Asian financial crisis and back in June the price was $210/ton) so this company has cancelled all their internships for this summer and a company wide hiring freeze has been put in place as well as slowing down production. Any positions to be filled will be filled within and those jobs will be abolished and they are looking at letting a people go.

So basically I was told that they aren't going to spend money unless they have to and vacation students is apart of that useless spending. But when you look through various businesses it seema a lot are doing this, Babcock is dropping half their workforce and the day after I was told I lost this job, CBA started advertising a new graduate scheme for Corporate Banking which I applied for but by the end of the week they sent me an email saying that this position is no longer being offered. But you would know more than most about what this crisis is doing to the world, I hope that it will be picking up again in the not to distant future.

Good luck with the internship at (IIRC) Mac bank, I hope it all goes well for you, it's one I applied for but when going up people like yourself I have no chance

Hello I am the young nation of Avenlea, just trying to make a friend.. Hope you accept my friend request.

Love,Avenlea <333

BTW, could you help with some opinions? I've gravedigged my older thread, as now the economic situation might make some changes into the best course of action.
http://forums.jolt.co.uk/showthread.php?t=560320

Basically, I'm in doubts about what will happen to the used car market, and whether stocks (mostly reliable companies, some defense industry) are still the best way to keep the money.