warriorsworld.net | Golden State Warriors Forum: It may not be good news for the Euro...

[ Thread ] [ Post Followup ] [ Search Forums ] [ Politics ]

It may not be good news for the Euro...
User account number (aid): 4 Site Supporter
Posted by buzz on 2012-05-06 20:27:36

In Reply to: So like, can any of the smart people explain what this will mean in regards to global economics? posted by Carla Beefcurtain (Warriors Superfan since 1984) on 2012-05-06 19:47:59

It's not even about austerity, it is about being realistic in the short- and long-term.

They have no population growth, they don't educate a huge percentage of their young, and want to give everyone crazy benefits.

Even in this economy, spending is OK if it is an investment that will lead to some kind of ROI. Infrastructure, education, etc...

But this seems to be an overreaction to the bad economy fueled by a nostalgic attachment to an outdated ideology and failing economic model.

Which is even more complicated due to a difference of opinion with Germany on what to do next and the presence of so many freeloaders in the EU.

I guess we will see. At least the people stood up for themselves.

Thread:

Sarkozy gets his sweaty French balls kicked in - buzz 2012-05-06 14:22:13 (118 views)

The French kick their own balls. Feels so good when it stops? - gsw_hoops 2012-05-07 05:02:18 (73 views)

So much for incentivizing the digital!! - altamont 2012-05-06 22:34:19 (46 views)

So like, can any of the smart people explain what this will mean in regards to global economics? - Carla Beefcurtain (Warriors Superfan since 1984) 2012-05-06 19:47:59 (91 views)

Austerity fatigue = more government spending = recovery-positive. - altamont 2012-05-06 22:35:16 (48 views)

yes. When you've gone sideways like Europe has, you have a lousy choice - DC Warrior 2012-05-07 06:50:28 (70 views)

le Beaujolais will be delivered - CARTIERFROHAWK 2012-05-06 20:40:18 (46 views)

It may not be good news for the Euro... - buzz 2012-05-06 20:27:36 (92 views)

Thanks. So I guess my question is how decoupled are we from the Euro at this point? - Carla Beefcurtain (Warriors Superfan since 1984) 2012-05-07 00:21:50 (70 views)

it's not so much the Euro, but the banks that will go under if Spain or Italy were to default - Max 2012-05-07 12:21:03 (51 views)

Not a smart person, but Europe needs growth to get out of this. - Dick Nikon 2012-05-06 19:55:32 (95 views)

So, increasing prices on all goods and services helps - gsw_hoops 2012-05-07 04:57:36 (69 views)

yes, but an economy is not like your individual situation - DC Warrior 2012-05-07 06:33:24 (77 views)

Aren't those companies smart enough to know that the situation - gsw_hoops 2012-05-07 07:29:23 (79 views)

lol - extremely developed tentacles 2012-05-07 11:23:51 (37 views)

never in history has that happened. - DC Warrior 2012-05-07 08:51:31 (74 views)

What makes you think our central bank cares about anything other than preventing inflation? - Shallow Hal 2012-05-06 19:57:29 (50 views)

It has a dual mandate of inflation and job growth. - Dick Nikon 2012-05-07 00:14:42 (51 views)

From their own website - Shallow Hal 2012-05-07 00:37:20 (61 views)

Neither does the President, but nonetheless it is a dual mandate. - Dick Nikon 2012-05-07 00:45:29 (55 views)

I think the point is, that the balance of the fed's thinking is to prevent CPI increases at all cost - DC Warrior 2012-05-07 06:29:48 (58 views)

Re: Sarkozy gets his sweaty French balls kicked in - Max 2012-05-06 16:51:42 (68 views)

You must be registered and logged in to post. Please select an option:

[ Thread ] [ Post Followup ] [ Search Forums ] [ Politics ]