Financial Crisis

[Naam]

"Having the euro single currency was a Net negative over all"

"Better off leaving"

not negative for all €U countries but ngative for those countries which abused the system as well as the opportunities the common currency provided.

[Loptr]

Record unemployment in France, Spain, Greece, hovering around 26%. Record unemployment across the entire EU.

http://www.irishtimes.com/business/economy/euro-zone-unemployment-rate-steady-at-12-per-cent-1.1708251

[SheungWan]

Record unemployment in France, Spain, Greece, hovering around 26%. Record unemployment across the entire EU.

http://www.irishtimes.com/business/economy/euro-zone-unemployment-rate-steady-at-12-per-cent-1.1708251

You should try to read the articles you link to instead of posting inaccurate statements.

The article reports:

Ireland unemployment down.

Portugal unemployment down.

Hungary unemployment down.

Down in 13 states, up in 13, same in 2.

So it is emphatically not what you say.

[midas]

Record unemployment in France, Spain, Greece, hovering around 26%. Record unemployment across the entire EU.

http://www.irishtimes.com/business/economy/euro-zone-unemployment-rate-steady-at-12-per-cent-1.1708251

You should try to read the articles you link to instead of posting inaccurate statements.

The article reports:

Ireland unemployment down.

Portugal unemployment down.

Hungary unemployment down.

Down in 13 states, up in 13, same in 2.

So it is emphatically not what you say.

But at the end of the day let’s be realistic. Of course it's a good thing these people

are no longer claiming unemployment benefits but you can make a reasonable guess

they are in jobs that don't pay much salary?

So not enough to restore conditions to enable the " Great Ponzi scheme " to continue.

So semantics really

[SheungWan]

Record unemployment in France, Spain, Greece, hovering around 26%. Record unemployment across the entire EU.

http://www.irishtimes.com/business/economy/euro-zone-unemployment-rate-steady-at-12-per-cent-1.1708251

You should try to read the articles you link to instead of posting inaccurate statements.

The article reports:

Ireland unemployment down.

Portugal unemployment down.

Hungary unemployment down.

Down in 13 states, up in 13, same in 2.

So it is emphatically not what you say.

But at the end of the day let’s be realistic. Of course it's a good thing these people

are no longer claiming unemployment benefits but you can make a reasonable guess

they are in jobs that don't pay much salary?

So not enough to restore conditions to enable the " Great Ponzi scheme " to continue.

So semantics really

The semantics are yours and the inaccuracies are Loptr's. The headline assertion by him that there is 'record unemployment across the entire EU' is patently false looking at the article linked to. That point is not too difficult to understand for most.

[midas]

Record unemployment in France, Spain, Greece, hovering around 26%. Record unemployment across the entire EU.

http://www.irishtimes.com/business/economy/euro-zone-unemployment-rate-steady-at-12-per-cent-1.1708251

You should try to read the articles you link to instead of posting inaccurate statements.

The article reports:

Ireland unemployment down.

Portugal unemployment down.

Hungary unemployment down.

Down in 13 states, up in 13, same in 2.

So it is emphatically not what you say.

But at the end of the day let’s be realistic. Of course it's a good thing these people

are no longer claiming unemployment benefits but you can make a reasonable guess

they are in jobs that don't pay much salary?

So not enough to restore conditions to enable the " Great Ponzi scheme " to continue.

So semantics really

The semantics are yours and the inaccuracies are Loptr's. The headline assertion by him that there is 'record unemployment across the entire EU' is patently false looking at the article linked to. That point is not too difficult to understand for most.

It may be my semantics but it is your interpretation that Loptr’s statement constitutes an “ inaccuracy "?

How do you know he was necessarily linking the statement “Record unemployment across the entire EU “ to the article in the Irish Times ?

He may have simply posted a statement which has even been adopted by several news outlets, including Reuters just within the last four weeks

“Euro zone unemployment holds at record high, retail sales rebound “

http://www.reuters.com/article/2014/01/08/us-eurozone-economy-idUSBREA070FE20140108

compared to " “Record unemployment across the entire EU “ in Loptr’s statement ?

your attack really is splitting hairs

Edited March 3, 2014 by midas

[i claudius]

"Having the euro single currency was a Net negative over all"

"Better off leaving"

not negative for all €U countries but ngative for those countries which abused the system as well as the opportunities the common currency provided.

You are dead right here ,so it would be better if Germany and the UK left and let the rest of Europe get on with it. OH and as for the blind chicken sometimes finding grain , i dont think your a blind chicken,just a little short sighted sometimes

[SheungWan]

It may be my semantics but it is your interpretation that Loptr’s statement constitutes an “ inaccuracy "?

How do you know he was necessarily linking the statement “Record unemployment across the entire EU “ to the article in the Irish Times ?

He may have simply posted a statement which has even been adopted by several news outlets, including Reuters just within the last four weeks

“Euro zone unemployment holds at record high, retail sales rebound “

http://www.reuters.com/article/2014/01/08/us-eurozone-economy-idUSBREA070FE20140108

compared to " “Record unemployment across the entire EU “ in Loptr’s statement ?

your attack really is splitting hairs

Flogging a dead horse appears to be your forte.

[mccw]

I found this interesting:

"""

Japanese regulators are increasing the pressure on regional banks to consolidate, worried that shrinking populations outside the nation's major cities will leave lenders too weak to stand on their own.

After direct prodding from the head of the Financial Services Agency (FSA) for the more than 100 regional banks to slim down through mergers or takeovers, the regulator has set up meetings with regional bank presidents to grill them on their long-term business plans.

The agenda is implicit but clear, bankers and regulators say: show how you plan to survive over the coming decades as local economies wither, or look for tie-ups. The FSA's push will likely accelerate a process, dictated by demographics, that had been expected to take decades, banking industry insiders say.

""

- extract from reuters news app

[mccw]

^ How effects in west/ uk , USA, EU, of retirees spending savings, selling investments and what's left getting eaten at high percentages of inheritance tax by gov.? Pulling out the bricks from bottom the pyramid? Or it all just gets changed ownership to stronger hands. Hmm. The Japanese pressure mentioned above seems to indicate that it is a problem that will need some restructuring at the least.

[midas]

Putin Adviser Urges Dumping US Bonds In Reaction to Sanctions

"We hold a decent amount of treasury bonds – more than $200 billion – and if the United States dares to freeze accounts of Russian businesses and citizens, we can no longer view America as a reliable partner,” he said. “We will encourage everybody to dump US Treasury bonds, get rid of dollars as an unreliable currency and leave the US market.”

http://en.ria.ru/business/20140304/188081405/Putin-Adviser-Urges-Dumping-US-Bonds-In-Reaction-to-Sanctions.html

Edited March 4, 2014 by midas

[cheeryble]

"We hold a decent amount of treasury bonds – more than $200 billion – and if the United States dares to freeze accounts of Russian businesses and citizens, we can no longer view America as a reliable partner,” he said. “We will encourage everybody to dump US Treasury bonds, get rid of dollars as an unreliable currency and leave the US market.”

Talk is cheap.

Selling solid assets......and the $ has stood it's ground......can be expensive.

As a stockbroker friend of mine said when asked the first thing he does if he wants to sell: "Buy".

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[mccw]

"""

More than 80 employees of the state-backed Royal Bank of Scotland (RBS) received pay deals worth more than £1m last year despite its £8.2bn loss, Sky News has learnt.

The figure, which is expected to be confirmed later this week, may further stoke the continuing row over bankers' pay following RBS's recent confirmation that it awarded more than £550m in bonuses last year.

"""

- sky news app

[midas]

"We hold a decent amount of treasury bonds – more than $200 billion – and if the United States dares to freeze accounts of Russian businesses and citizens, we can no longer view America as a reliable partner,” he said. “We will encourage everybody to dump US Treasury bonds, get rid of dollars as an unreliable currency and leave the US market.”

Talk is cheap.

Selling solid assets......and the $ has stood it's ground......can be expensive.

As a stockbroker friend of mine said when asked the first thing he does if he wants to sell: "Buy".

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tick tock.....

"When you see that in order to produce, you need to obtain permission from men who produce nothing; when you see that money is flowing to those who deal not in goods, but in favors; when you see that men get rich more easily by graft than by work, and your laws no longer protect you against them, but protect them against you, you may know that your society is doomed." - Ayn Rand

[SheungWan]

"We hold a decent amount of treasury bonds – more than $200 billion – and if the United States dares to freeze accounts of Russian businesses and citizens, we can no longer view America as a reliable partner,” he said. “We will encourage everybody to dump US Treasury bonds, get rid of dollars as an unreliable currency and leave the US market.”

Talk is cheap.

Selling solid assets......and the $ has stood it's ground......can be expensive.

As a stockbroker friend of mine said when asked the first thing he does if he wants to sell: "Buy".

Sent from my iPad using ThaiVisa app

tick tock.....

"When you see that in order to produce, you need to obtain permission from men who produce nothing; when you see that money is flowing to those who deal not in goods, but in favors; when you see that men get rich more easily by graft than by work, and your laws no longer protect you against them, but protect them against you, you may know that your society is doomed." - Ayn Rand

[cheeryble]

Haha!

And Capt Mainwaring went to my school (Not Arthur Lowe)

ps are we to assume that if American citizens are under threat in future America will not support them as they suggest Russia should abandon the Russians in the Crimea?

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[mccw]

^ yeah- isn't the "protecting our citizens" excuse exactly the one the USA is using in Afgsnistan, Iraq, Pakistan, etc, except in these countries it's even more tenuous a link given practically zero Americans live there where as Crimea is 80% Russian and was Russian territory for a few hundred years up to only 20years ago. But hypocritical to say the least.

[mccw]

More than a bit hypocritical

[SheungWan]

The status quo ante has gone down the Swanny.

[lannarebirth]

^ yeah- isn't the "protecting our citizens" excuse exactly the one the USA is using in Afgsnistan, Iraq, Pakistan, etc, except in these countries it's even more tenuous a link given practically zero Americans live there where as Crimea is 80% Russian and was Russian territory for a few hundred years up to only 20years ago. But hypocritical to say the least.

Not exactly. I think it was more the old "protecting our freedoms" bromide. Non specific and stated only to engender a patriotic fervor and unquestioning attitude in the populous. The invasion of Grenada, on the other hand, was specifically undertaken (it was said) to protect the lives of American citizens living abroad. One couldn't be blamed for not believing that particular reasoning, but the important takeaway when the invasion was over, is that America did not annex Grenada as Russia has effectively set out to do in the Crimea.

[mccw]

^ cofff

Errr, annexed half of Mexico, marshal islands, Guam, other places they held on to until recently; USA is same like all the other imperialists- UK, France and Russia included.

[SheungWan]

IMHO the crap only hits the fan if Russia turns off the oil switch for non-payment by Ukraine of past shipments down the pipeline.

Just to spice things up a bit, Russia might buy off Germany by returning Kaliningrad since we are in to this annexation malarky. That should amuse Poland no end.

[Naam]

IMHO the crap only hits the fan if Russia turns off the oil switch for non-payment by Ukraine of past shipments down the pipeline.

Just to spice things up a bit, Russia might buy off Germany by returning Kaliningrad since we are in to this annexation malarky. That should amuse Poland no end.

in context with Germany's reunification in 1989 the return of East Prussia and Königsberg (Kaliningrad) was offered "free of charge". however, Chancellor Kohl politely declined.

[SheungWan]

IMHO the crap only hits the fan if Russia turns off the oil switch for non-payment by Ukraine of past shipments down the pipeline.

Just to spice things up a bit, Russia might buy off Germany by returning Kaliningrad since we are in to this annexation malarky. That should amuse Poland no end.

in context with Germany's reunification in 1989 the return of East Prussia and Königsberg (Kaliningrad) was offered "free of charge". however, Chancellor Kohl politely declined.

Thanks. I didn't know that.

[Naam]

[SheungWan]

I have grave suspicions that members of the end of the world team who repeatedly put tick-tock in their postings might have been metronomes in a previous life.

Edited March 10, 2014 by SheungWan

[Naam]

It seems like only yesterday we had 700 point down moves in the Dow, Lehman going bankrupt, and billions and billions in bailouts being handed out as the stock market made new lows seemingly every week, dragging down most commodity markets with it. But can you believe it's actually been 5 years, with the low of the crisis happening 5 years ago - March 9, 2009.

[cheeryble]

Lean Hogs were a better investment than gold?

(And bet they are much more fun!)

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[Naam]

Lean Hogs were a better investment than gold?

(And bet they are much more fun!)

especially when they are grilled or smoked.

[cheeryble]

Reminds me of a famous American footballer being interviewed about playing on the new surface when they introduced AstroTurf at Houston stadium.

The interviewer asked

"Do you prefer grass or AstroTurf?"

He answered

"I don't know I haven't smoked AstroTurf."

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