conservation of Euros
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From: Joerg on 15 May 2010 14:40 Nico Coesel wrote: > John Larkin <jjlarkin(a)highNOTlandTHIStechnologyPART.com> wrote: > >> >> http://www.bloomberg.com/apps/news?pid=20601087&sid=a.hdgFGtPjbY >> >> You can't fool Mother Nature. When a few hundred million people choose >> to not work much, not breed much, and consume a lot, you just can't >> spend your way out of the problem. >> >> This is the leading edge of the European demographic crisis that's >> been building for generations now. There's no quick fix. > > My gut feeling says this is all a bunch of nonsense. Countries are > still waiting in line to start using the Euro: > > http://news.bbc.co.uk/2/hi/8678073.stm > Maybe they should wait a little until the exchange rate versus whatever they are using now has dropped some more? Yesterday it fell to under $1.24. -- Regards, Joerg http://www.analogconsultants.com/ "gmail" domain blocked because of excessive spam. Use another domain or send PM.
From: Nico Coesel on 15 May 2010 15:14 Joerg <invalid(a)invalid.invalid> wrote: >Nico Coesel wrote: >> John Larkin <jjlarkin(a)highNOTlandTHIStechnologyPART.com> wrote: >> >>> >>> http://www.bloomberg.com/apps/news?pid=20601087&sid=a.hdgFGtPjbY >>> >>> You can't fool Mother Nature. When a few hundred million people choose >>> to not work much, not breed much, and consume a lot, you just can't >>> spend your way out of the problem. >>> >>> This is the leading edge of the European demographic crisis that's >>> been building for generations now. There's no quick fix. >> >> My gut feeling says this is all a bunch of nonsense. Countries are >> still waiting in line to start using the Euro: >> >> http://news.bbc.co.uk/2/hi/8678073.stm >> > >Maybe they should wait a little until the exchange rate versus whatever >they are using now has dropped some more? Yesterday it fell to under $1.24. The exchange rate is probably fixed already. Before the euro was actually introduced the exchange rates where already fixed. Balancing exchange rates between European countries has been going on for a long time: http://en.wikipedia.org/wiki/European_Currency_Unit -- Failure does not prove something is impossible, failure simply indicates you are not using the right tools... nico(a)nctdevpuntnl (punt=.) --------------------------------------------------------------
From: Jim Thompson on 15 May 2010 15:24 On Sat, 15 May 2010 17:11:04 GMT, nico(a)puntnl.niks (Nico Coesel) wrote: >John Larkin <jjlarkin(a)highNOTlandTHIStechnologyPART.com> wrote: > >> >> >>http://www.bloomberg.com/apps/news?pid=20601087&sid=a.hdgFGtPjbY >> >>You can't fool Mother Nature. When a few hundred million people choose >>to not work much, not breed much, and consume a lot, you just can't >>spend your way out of the problem. >> >>This is the leading edge of the European demographic crisis that's >>been building for generations now. There's no quick fix. > >My gut feeling says this is all a bunch of nonsense. Countries are >still waiting in line to start using the Euro: > >http://news.bbc.co.uk/2/hi/8678073.stm Yep! Bring in those third world "economies" :-) ...Jim Thompson -- | James E.Thompson, CTO | mens | | Analog Innovations, Inc. | et | | Analog/Mixed-Signal ASIC's and Discrete Systems | manus | | Phoenix, Arizona 85048 Skype: Contacts Only | | | Voice:(480)460-2350 Fax: Available upon request | Brass Rat | | E-mail Icon at http://www.analog-innovations.com | 1962 | The only thing bipartisan in this country is hypocrisy
From: John Larkin on 15 May 2010 16:42 On Sat, 15 May 2010 17:11:04 GMT, nico(a)puntnl.niks (Nico Coesel) wrote: >John Larkin <jjlarkin(a)highNOTlandTHIStechnologyPART.com> wrote: > >> >> >>http://www.bloomberg.com/apps/news?pid=20601087&sid=a.hdgFGtPjbY >> >>You can't fool Mother Nature. When a few hundred million people choose >>to not work much, not breed much, and consume a lot, you just can't >>spend your way out of the problem. >> >>This is the leading edge of the European demographic crisis that's >>been building for generations now. There's no quick fix. > >My gut feeling says this is all a bunch of nonsense. Countries are >still waiting in line to start using the Euro: > >http://news.bbc.co.uk/2/hi/8678073.stm Sure, Germany has lots of cash to spare. John
From: Bill Sloman on 15 May 2010 18:26
On May 13, 5:59 pm, Joerg <inva...(a)invalid.invalid> wrote: > Bill Slomanwrote: > > On May 13, 3:46 pm, John Larkin > > <jjlar...(a)highNOTlandTHIStechnologyPART.com> wrote: > >> On Thu, 13 May 2010 02:34:35 -0700 (PDT),Bill Sloman > > >> <bill.slo...(a)ieee.org> wrote: > >>> On May 12, 7:57 pm, John Larkin > >>> <jjlar...(a)highNOTlandTHIStechnologyPART.com> wrote: > >>>> On Wed, 12 May 2010 10:13:56 -0700 (PDT),Bill Sloman > >>>> <bill.slo...(a)ieee.org> wrote: > >>>>>> I don't harvest; I think. > >>>>> An unconvincing claim. Your "thinking" reflects your indolent habit of > >>>>> picking up predigested nonsense that fits your fat-headed > >>>>> preconceptions. > >>>> I've been calling you a fathead for years. You can't even design > >>>> original insults. > >>>>> In this thread you've claimed that the euro can't be stable currency > >>>>> because it shared across several countries with different economic > >>>>> strengths and weaknessess, while failing to note that the US dollar is > >>>>> shared across the united states of America - running from Alaska to > >>>>> Wyoming (neither of whose economies look much like California's). > >>>> But we only have one government. > >>> Your states don't have legislatures and governors? > >> They aren't allowed to print money or regulate big financial > >> institutions. Most must balance their budgets. The trouble that > >> California is in now will be fixed by California. The trouble that > >> Greece is in now will be fixed by Germany. > > > Do pay attention. The trouble that Greece is now in will be fixed by > > Greece. The EU - as a whole - will under-write Greek borrowing until > > that happens. The Germans have had quite a lot of influence on the > > requirements imposed on the Greeks in return for the guarantees, but > > the Greeks have to do the work. > > Do pay attention: > > http://www.europeanvoice.com/article/2010/05/german-parliament-clears... > > Quote: "Members of the Bundestag, Germany's lower house, approved a > state-backed guarantee for the loan ..." It's you who needs to pay attention. The EU - as a whole - is under- writing the Greek borrowing. The individual memebers of the EU have to pass legislation to approve their particular country's part of the package. The Dutch lower house approved the Dutch component recently. It's still a collective decision. -- Bill Sloman, Nijmegen |