FCP Bob 1,311 Posted April 29, 2012 Author Share Posted April 29, 2012 Growth not austerity is best remedy for Europe Link to post Share on other sites
AmScray 355 Posted April 29, 2012 Share Posted April 29, 2012 Growth not austerity is best remedy for EuropeStudy finds best way to handle chemo sickness: no cancer. Link to post Share on other sites
brvheart 1,752 Posted April 30, 2012 Share Posted April 30, 2012 Study finds best way to handle chemo sickness: no cancer.haha Link to post Share on other sites
phlegm 6 Posted April 30, 2012 Share Posted April 30, 2012 Growth not austerity is best remedy for EuropeIts time to abandon the banks and return to a more centralized bartering system.Litle house on the prairie is a blueprint for a better life. Link to post Share on other sites
Balloon guy 158 Posted April 30, 2012 Share Posted April 30, 2012 At the invitation of the New York Federal Reserve Bank, I spoke and had lunch in the bank's Liberty Room. Below are my prepared remarks.Thank you very much for inviting me to speak here at the New York Federal Reserve Bank.Intellectual discourse is, of course, extraordinarily valuable in reaching truth. In this sense, I welcome the opportunity to discuss my views on the economy and monetary policy and how they may differ with those of you here at the Fed.That said, I suspect my views are so different from those of you here today that my comments will be a complete failure in convincing you to do what I believe should be done, which is to close down the entire Federal Reserve System Robert Wenzel of Economic Policy Journal Link to post Share on other sites
SAM_Hard8 50 Posted May 15, 2012 Share Posted May 15, 2012 Greece fails to form unity governmentOK so what does this mean for the euro and the banks? Link to post Share on other sites
QED 4 Posted May 15, 2012 Share Posted May 15, 2012 It pretty much means that when the Greeks do actually get round to forming a government they are leaving the euro. Link to post Share on other sites
mrdannyg 274 Posted May 16, 2012 Share Posted May 16, 2012 Yep. They'll have another election in June. If that doesn't get them closer to forming a government, I don't know what their contingencies are. But it seems very unlikely they'll stay within the Euro. The effect of that on anyone who isn't Greek is minimal since the debt is already kaput. Link to post Share on other sites
FCP Bob 1,311 Posted May 16, 2012 Author Share Posted May 16, 2012 And it's going to get worse. Link to post Share on other sites
brvheart 1,752 Posted May 16, 2012 Share Posted May 16, 2012 And it's going to get worse.Agreed. Link to post Share on other sites
FCP Bob 1,311 Posted May 18, 2012 Author Share Posted May 18, 2012 Europe’s Depressing Prospects: Two Reasons Why Spain Will Leave the Euro Link to post Share on other sites
Mercury69 3 Posted May 18, 2012 Share Posted May 18, 2012 Time was when Europe's economy was on the downswing, they used to jumpstart it by hosting a World War. Old school wars don't happen any more, which is a shame. I blame nuclear armaments. Link to post Share on other sites
FCP Bob 1,311 Posted May 26, 2012 Author Share Posted May 26, 2012 Spain's Banks Are Collapsinghttp://www.slate.com/blogs/moneybox/2012/05/25/spain_s_banks_are_collapsing.html Link to post Share on other sites
aucu 3 Posted May 27, 2012 Share Posted May 27, 2012 The Euro will die or at least not continue in the same form due to a variety of government/private/union mistakes,People will/are flocking to the US$US is making the same government/private/union mistakes.Rinse and repeat? Link to post Share on other sites
FCP Bob 1,311 Posted May 27, 2012 Author Share Posted May 27, 2012 The Euro will die or at least not continue in the same form due to a variety of government/private/union mistakes,People will/are flocking to the US$US is making the same government/private/union mistakes.Rinse and repeat?The Euro is dying because you can't have a currency union without a true political and fiscal union. It was flawed from the start and without a drastic reorganization can't be sustained.That isn't a problem that the US faces. Link to post Share on other sites
akoff 0 Posted May 29, 2012 Share Posted May 29, 2012 The Euro is dying because you can't have a currency union without a true political and fiscal union. It was flawed from the start and without a drastic reorganization can't be sustained.That isn't a problem that the US faces.finally something i can agree with... Link to post Share on other sites
InternetExplorer 2,609 Posted May 31, 2012 Share Posted May 31, 2012 taleb saying controversial stuff to try to stay relevant/sell books:http://www.bloomberg...s-scariest.htmlI'm watching an interesting documentary on the euro situation from the BCC, "The Great Euro Crash with Robert Peston." it's been good so far but I don't really like the guy. wish I could link it but I personally got it from the pirate bay. Link to post Share on other sites
FCP Bob 1,311 Posted June 1, 2012 Author Share Posted June 1, 2012 Fantastic article from a former German Foreign Minister and Vice ChancellorThe Threat of German Amnesia Link to post Share on other sites
hblask 1 Posted June 2, 2012 Share Posted June 2, 2012 Fantastic article from a former German Foreign Minister and Vice ChancellorThe Threat of German Amnesia Sorry, I had to stop reading here:As a result, Europe continues to try to quench the fire with gasoline – German-enforced austerity – with the consequence that, in a mere three years, the eurozone’s financial crisis has become a European existential crisis.All credibility is removed after a line like that. Europe has not made any attempt at anything near austerity so far -- none. And if they had, the would be out of this by now. So when one of the lead paragraphs shows that much economic illiteracy, my life is too busy to read on. Link to post Share on other sites
FCP Bob 1,311 Posted June 2, 2012 Author Share Posted June 2, 2012 You are so wrong it's painful and your comment shows exactly what you are accusing the author of. Link to post Share on other sites
hblask 1 Posted June 2, 2012 Share Posted June 2, 2012 You are so wrong it's painful and your comment shows exactly what you are accusing the author of.OK, show me some stats on this alleged "austerity". How many Euro countries have cut their spending in the last three years, and by how much? What is the average change in spending among the Euro countries.Just because Krugman keeps saying "austerity austerity austerity" doesn't mean anyone has actually tried it yet. Link to post Share on other sites
CaneBrain 95 Posted June 2, 2012 Share Posted June 2, 2012 And if they had, the would be out of this by now.Sorry, I had to stop reading here. It was chortling time. Link to post Share on other sites
hblask 1 Posted June 2, 2012 Share Posted June 2, 2012 Sorry, I had to stop reading here.It must be sad to be clinging to failed economic doctrines. I can see why it would be so hard for you to face the truth in the face of the overwhelming economic data for the last 100 years.US, Great Depression: massive govt growth, massive depressionUS in the late 60s, early 70s: massive govt growth, stagflation, large recessionUS under W/Obama: massive govt growth, longest recession since 30sEurope: massive govt growth, many countries in trouble, no effort to cut spendingJapan's lost decade: massive Keynesian spending, decade of no growthUS after WWII: massive spending cuts, 15 years of rapid growthUS in 80s: massive tax cuts and deregulation, 15 years of rapid growthSimilar stories in New Zealand, Hong Kong, Chile.....So yeah, I can see why you guys don't want to face facts, you'll be forced to give up on your worship of your God Of Big Government. Link to post Share on other sites
iZuma 764 Posted June 2, 2012 Share Posted June 2, 2012 YOU'RE ALL SO STUPID OMG Link to post Share on other sites
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