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FTSE meltdown today



tedebear

Legal Alien
NSC Patron
Jul 7, 2003
17,117
In my computer
a pedant writes:

You cannot achieve "negative growth"

Growth is by definition, positive.

You had one, it grew, it is now bigger

Yes but in that context the word growth isn't a verb - its the name given to a state of the economy. In a sense its a noun. So even though it doesn't make literal sense, any pedant can understand it ;)
 






















beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
36,031
apparently the trigger is a downgrading of a particular bond underwriting firm, Ambac Financial, in the US on Friday.
 


Lady Whistledown

Well-known member
NSC Patron
Jul 7, 2003
47,645
Carl: Homer, what's your secret investment?

Homer: Take a guess.

Barney: Uh, pumpkins?

Homer: [pause] Yeah, that's right, Barney. This year, I invested in pumpkins. They've been going up the whole month of October and I got a feeling they're going to peak right around January. Then, bang! That's when I'll cash in.
 


Beach Hut

Brighton Bhuna Boy
Jul 5, 2003
72,331
Living In a Box
ouch, Ocean Finance beckons

Wild mis-calculation yet again, I can confirm Ocean Finance will not be visiting the Huts.
 






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