Groundhog Year !

“If you are going to buy worthless banks then it makes sense to use worthless money to do it.”

 

-       Posting on The Daily Telegraph website in response to story ‘Bank of England hits the panic button’.

 

Harold Ramis’ 1993 film ‘Groundhog Day’ may well be the funniest thing to come out of the 1990s, apart from Vanilla Ice or New Labour. Bill Murray’s cynical weatherman finds himself trapped in a surreal existential crisis, and forced to live out the same day over and over again. Pretty soon he begins a plot to seduce his boss, Andie MacDowell, which gives rise to the following exchange:

Him: You weren’t in broadcasting or journalism ?

Her: Uh-uh. Believe it or not, I studied 19^th Century French poetry.

Him: What a waste of time !

Now we have something that trounces the original Bill Murray response. In the HBO movie version of Andrew Ross Sorkin’s ‘Too Big To Fail’ (a.k.a. The Last Days of Lehman Brothers), Paul Giamatti (playing The Ben Bernank) tells a roomful of politicians that he spent his entire academic career studying the Great Depression.

Him: What a waste of time !

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Comments

[bigsands@steel band hire]

If there is a correlation between corporate hospitality and the markets, it appears that our clients are having parties whether it is a bull market, bear market rally, or a great depression.

[annie]

This is the perfect blog for anyone who wants to know about this topic. You know so much its almost hard to argue with you (not that I really would want...hmm). You definitely put a new spin on a subject that's been written about for years. Great stuff, just great!