euro trouble
in [Design]
|
Prev: Blew the fuse in my multimeter, wanted to replace it, grabbedit, but
Next: Liberals are village idiots...
From: dagmargoodboat on 30 Apr 2010 00:32 On Apr 29, 10:16 pm, John Larkin <jjlar...(a)highNOTlandTHIStechnologyPART.com> wrote: > On Thu, 29 Apr 2010 19:57:05 -0700 (PDT), dagmargoodb...(a)yahoo.com > wrote: > > >On Apr 28, 11:00 am, John Larkin > ><jjlar...(a)highNOTlandTHIStechnologyPART.com> wrote: > >>http://apnews.myway.com/article/20100428/D9FC0ES80.html > > >> Europe has an interesting dynamic. Multiple countries share a > >> currency. So if one country, especially a small one, decides to spend > >> more than they have, the other, presumably more prudent countries, > >> wind up paying for it. > > >> In a single country with a single currency like the US, if we spend > >> more than we have, we'll print money to cover it, and everybody in all > >> the 50 states shares in the resulting inflation. > > >I wrote a couple weeks ago that Bernanke swears he absolutely will not > >monetize (print money to pay) the debt. > > Well, somebody sure will. > > John Good point--the Mint's under Treasury, so Geithner will print it. James
From: TheM on 30 Apr 2010 07:32 "Michael" <mrdarrett(a)gmail.com> wrote in message news:358781c5-5450-49b3-a8cb-bcba8cf3f3f1(a)j36g2000prj.googlegroups.com... >On Apr 29, 4:28 am, "TheM" <DontNeedS...(a)test.com> wrote: >> But California is even deeper in debts, 200% their BDP is it? >> <> M > >Some $50 billion at last count. > >BDP... what's that? The GSP is something like $2 trillion... can that >be right? Seems kind of high... Sorry, I wanted to write GDP, or GSP as you called it. I'm searching the net and it turns out California has a sizeable debt, but still far from Greece's. Not surprisingly the public sector in Greece is so big it plays a major role in elections. Add strong syndicates and you get socialistic paradise with daily strikes until some day creditors knock on the doors. Another socialistic paradise Spain just posted >20% unemployment rate today. M
From: Bill Sloman on 30 Apr 2010 10:09 On Apr 30, 1:32 pm, "TheM" <DontNeedS...(a)test.com> wrote: > "Michael" <mrdarr...(a)gmail.com> wrote in messagenews:358781c5-5450-49b3-a8cb-bcba8cf3f3f1(a)j36g2000prj.googlegroups.com... > >On Apr 29, 4:28 am, "TheM" <DontNeedS...(a)test.com> wrote: > >> But California is even deeper in debts, 200% their BDP is it? > > <> M > > >Some $50 billion at last count. > > >BDP... what's that? The GSP is something like $2 trillion... can that > >be right? Seems kind of high... > > Sorry, I wanted to write GDP, or GSP as you called it. > I'm searching the net and it turns out California has a sizeable debt, > but still far from Greece's. > > Not surprisingly the public sector in Greece is so big it plays a major > role in elections. Add strong syndicates and you get socialistic > paradise with daily strikes until some day creditors knock on the doors. > > Another socialistic paradise Spain just posted >20% unemployment rate today. So you want to revive General Franco and restore the Spanish economy to the state is was in under his fascist administration? In case you hadn't noticed, Spain's current problems come from it being a tourist destination. After the US banking system wrecked the world economy, the tourists opted for cheaper holidays closer to home, and the Spanish service industry didn't have anything like the number of tourists to look after. http://www.monstersandcritics.com/news/business/features/article_1467136.php/Spain_s_tourism_industry_faces_new_challenges_Feature The ash cloud from the volcano in Iceland hasn't helped the much over the last few week either. -- Bill Sloman, Nijmegen
From: TheM on 30 Apr 2010 13:19 >"Bill Sloman" <bill.sloman(a)ieee.org> wrote in message news:dced8906-2048-406f-aeca- >In case you hadn't noticed, Spain's current problems come from it >being a tourist destination. > >After the US banking system wrecked the world economy, the tourists >opted for cheaper holidays closer to home, and the Spanish service >industry didn't have anything like the number of tourists to look >after. I'd say it was mostly construction/housebuilding. Big crash there. It was the main source of their growth for years. Of course having Euro is preventing these troubled countries from doing what the US does, print money. M
From: Jon Elson on 30 Apr 2010 18:53
Joerg wrote: > > > That was sort of predictable. > > >> A 2-year Greek bond yields 23% >> > > Last night it was "only" 18%. Whoops ... > > I am surprised anyone is buying those bonds. I sure wouldn't. > Can you sell shorts on Greek bonds? Jon |