[deleted]
Euro area is back on the brink of recession
51–60 of 92 posts
Re: Euro area is back on the brink of recession
#52Since 2007 - broadly the great recession time frame forward - Lithuania has had by far the best GDP per capita growth among Euro members at nearly 40% (nominal, USD terms). Estonia is second, at around 19-20%. Latvia is third at about 11%. Slovakia is up 10%. A distant fifth is Germany at around 7%. Ireland is up a couple percent. Everyone else in the Eurozone is either near flat or negative on growth over the last ~…
Somebody should ask Germany to exit the euro
Re: Euro area is back on the brink of recession
#53Given China has seen lowest growth in almost 30 years and the US where some positive numbers are hiding some negative stories, it would seem that there is a wider context to take into consideration. The article seems loaded with the premise of the Euro is bad but taking the wider global context, this premise seems flimsy. Dont get me wrong, the Euro has proven to be a great way of legally devaluing german currency an…
> US where some positive numbers are hiding some negative stories
This is such a strange thing to say. Do you think China and the Euro Area don't have 'negative stories'. Have you heard about Greece for example? Either compare numbers or stories.
Re: Euro area is back on the brink of recession
#54Given China has seen lowest growth in almost 30 years and the US where some positive numbers are hiding some negative stories, it would seem that there is a wider context to take into consideration. The article seems loaded with the premise of the Euro is bad but taking the wider global context, this premise seems flimsy. Dont get me wrong, the Euro has proven to be a great way of legally devaluing german currency an…
You're right, bonds are globally extremely inflated. It's predictable that people are losing confidence in fiat currencies with such an asset bubble and without a country to escape to anymore. I was proud owner of CHF as an exception from other fiat currencies until it got pegged to EUR.
The CHF is not pegged to the EUR, what are you talking about? The had a expensive monetary policy by using a floor against the EUR for a while that however was not a peg.
Furthermore there is no evidence at all that people are losing confidence in fiat currencies.
And I'm not sure why you trusted CHF more before, its just another fiat currency. You could by Australian, New Zealand currency, they are well managed fiat as well.
Re: Euro area is back on the brink of recession
#55Earlier quoted context omitted.
Well, the peg only lasted for three years.
Only? I lost enough money in 1 day that I lost my trust in the Swiss National Bank. I'm not complaining though, I started diversifying to other asset classes and easyly made it back, so I view it as a lesson learned.
Guess what, monetary policy about managing your personal check book. The SNB acted pretty well, one of the best in the world and the Swiss economy was much better of then most comparable countries because we could devalue when people like drove up the demand for CHF and almost pushed Switzerland in a deflation. That might be good for your check book but it would be a disaster for the economy.
Re: Euro area is back on the brink of recession
#56Earlier quoted context omitted.
I think there is no chart because, if you go find one, it shows EU growth in the last ten years has been going up and down in a pretty similar fashion to Switzerland, Japan, South Korea, and other non-EU advanced economies. This would indicate that being in the EU hasn't really helped them all that much, but it also hasn't hurt that much (in aggregate). So, not much of a story, which feeds right back to your point.
Well, the EU was not made to improve the economies of its members. Its main goal is to intertwine them enough to make another big war way too painful.
Funny that mostly not how they sold it to the poor countries, or even the rich countries.
That might have been what the elites believed, more political ingratiation. That of course is good for them as well.
In reality when they 'sold' this is was all about economics. And the routes of the whole thing are economic as well.
Re: Euro area is back on the brink of recession
#57Common currency without a common monetary policy, who would have thunk that this was a bad idea?
I think you mean 'Common currency without a common fiscal policy, who would have thunk that this was a bad idea?'.
If there is one money then by definition there can only be one monetary policy.
The issue is precisely that under different fiscal rules monetary policy effects different places in different ways.
Re: Euro area is back on the brink of recession
#58A huge issue is the stagnating population growth in European countries. Over the last 10 years Germany, Italy, Spain have only barely risen in population. Of course that means lots more retirees and fewer workers. Maybe flat economy is actually a good outcome as can be expected. One of my favorite stats is that 100 years ago the population of Europe was nearly 30% of the world's total. Now its Finally Yes I dont thin…
Most of this has to do with massive growth elsewhere, not so much failing growth in W. Europe, which is more of a new trend. I don't think the 'warm bodies arms race' is going to end well for anyone, another perspective might be more apt.
I don't think the 'warm bodies arms race' will end well either. What perspective are you considering?
Re: Euro area is back on the brink of recession
#59Earlier quoted context omitted.
They don't seem to make the link that maybe Brexit is not such a bad idea after all, which seems a logical conclusion to me.
The link between brexit and what? Also, why do you think brexit is not a bad idea?
Kind of for the same reason the American Colonies split from England.
Re: Euro area is back on the brink of recession
#60Earlier quoted context omitted.
I suspect that is the signal from the Rothchild empire - someone will have to pick up the Italian debt and the EU is arguably obsolete in its present form and wouldn't reform when it could prior to the UK referendum. (Rothchild own half the economist and it is largely their mouthpiece). Going forward and post UK exit from the EU (and probably other nation states too) there will be a reformation around some new organi…
"Aside from the Agnelli family, smaller shareholders in the company include Cadbury, Rothschild (21%), Schroder, Layton and other family interests as well as a number of staff and former staff shareholders." - from wikipedia
Exor and Rothchild are very tight indeed
https://www.reuters.com/article/idUSL6E8FHATY20120417
Exor hold 43% of the Economist the next biggest shareholder is the Rothschild family with 26% https://www.theguardian.com/media/2015/aug/15/economist-beco...