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And, yes, I DO take it personally: $1 trillion in losses for the financial system
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Wednesday, March 12, 2008

$1 trillion in losses for the financial system

uff-da *...

from nouriel roubini's rge monitor...

How many steps away are we from a systemic financial meltdown? By now, it seems that Nouriel Roubini’s 12 step scenario is growing more likely by the day. A growing number of leading academics and financial analysts are now endorsing the once seemingly extreme estimate of $1 trillion in losses for the financial system.

oops... my years in minnesota have a way of slipping out...
* Uff da (can also be spelled uff-da, uffda, uff-dah, oofda, ufda, oofta or ufta) is an exclamation of Scandinavian origin that is relatively common in the Upper Midwestern states of the United States. It roughly means "drats," "oops!" or "ouch!", especially if the "ouch!" is an empathetic one. In Norwegian Midwestern USA cultures, "Uff Da" translates into: "I am overwhelmed."

"Uff da" is often used in the Upper Midwest as a term for sensory overload. It can be used as an expression of surprise, astonishment, exhaustion, relief and sometimes dismay. The term has been heard among men when a particularly attractive woman enters a room. Conversely, many Roto-rooter and septic system repair trucks have "Uff da" proudly painted on the back.

"Uff da" has become a mark of Scandinavian roots, particularly for people from Minnesota. Mohr, the author of "How to talk Minnesotan: a visitor's guide", has therefore included it in his book.

as i'm fond of repeating ad nauseam, "c'mon, house of cards, fall down, y'hear...?"

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