Understanding the Current Credit Crisis

If you want to get some kind of understanding of the current credit crisis, you need to read this article from The Economist of this week.

When a Flow Becomes a Flood http://www.economist.com/displaystory.cfm?story_id=12972083

The eye opener for me was this graphic: I have to confess that I knew a lot that goes behind that graphic but I didn't have the vision that this simple chart gives. http://www.economist.com/images/20090124/CBB721.gif Turn to the final page of any edition of The Economist and you will see a table Trade, exchange rates, budget balances and interest rates. In that table you will confirm what that graphic says and in the 24th - 30th January 2009 edition, the US Current Account Balance for the latest 12 months is $697.9 BILLION. Fear not, Britain' got the third biggest negative current account balance, albeit at a mere $45.6 BILLION after Spain's $164.1 BILLION.

You will also see quite a bit about the financial side of the developing world and how they have been financing some of the developed world.

The question still remains, however, where on earth has the US put this money? Is it in a depository in the Gulf Of Mexico along with its Oil store? Astonishing!

DW

Dorian Gray, is it me? No!

A client has described me in their marketing literature as a veteran.

Walking down a hospital corridor with niece Jemma the other day someone joyously identified me as Jemma's dad! I said to Jemma here's me thinking I look suave and young ... No offence.

Age, the unyielding parameter.

DW


Sent from my BlackBerry® wireless device

Duncan Williamson is a genius and you'd be silly not to get him to work for you. For money. For lots of it, preferably.

Windows Explorer: get a grip!

I am working hard at producing a really high quality learn all and do all type of book for Excel 2007. As part of my work I want to trawl through all of my files and folders to see what I have already done or what might be useful to include and so on.

 

So I went to Windows Explorer* to search folder and files and found that a lot of files were listed but that couldn’t open a preview image and couldn’t open the file. No error message, no warnings given ... just nothing.

 

I repeated that this morning only to find that I was still getting apparently useful materials that I couldn’t access. I dug a bit deeper this time and found that WE was still “finding” folders and files that I had deleted MONTHS if not a year or so ago.

 

No wonder more and more people are desperately trying to find alternatives to Microsoft and its woeful products.

 

I am not sure what version of WE I am using but it searches based on an index of my HDD it has prepared. Clearly, once something gets into the index* , it can never get out.

 

DW