101–110 of 120 posts
Long-term unemployment is happening in the US too: http://blogs.cfr.org/kahn/2013/04/17/our-long-term-unemploym... Unemployment in the US is near 15% including U6, or near 23% if using pre-1994 counting methods: http://www.shadowstats.com/alternate_data/unemployment-chart... (On that subject, I'm looking for work in the north SF bay area, Sonoma/Marin region)
Long-term unemployment is happening in the US too: http://blogs.cfr.org/kahn/2013/04/17/our-long-term-unemploym... Unemployment in the US is near 15% including U6, or near 23% if using pre-1994 counting methods: http://www.shadowstats.com/alternate_data/unemployment-chart... (On that subject, I'm looking for work in the north SF bay area, Sonoma/Marin region)
Earlier quoted context omitted.
Except he was right and austerity works even less.
Except he was wrong and well managed austerity does work. When it's actually employed. Cutting government 1%, or holding spending the same, is not austerity. The ideas of Keynes are responsible for the last decade of economic disaster around the planet. Austerity has been proven to work over and over again. Just ask Sweden, they're a proof case that managed austerity works exceptionally well. http://www.bloomberg.com…
It seems Iceland was in worse shape than Spain but they have managed to resolve their issues by revaluing their currency (similar to declaring bankruptcy?). Why is Spain not able to do the same? I'm guessing it's because they are part of the EU and do not have their own currency?
Earlier quoted context omitted.
Indeed. It's hard to "harmonize" countries or regions that don't speak the same language. Workers can't easily move from country to country to take advantage of job opportunities (and thus spread culture through direct interaction), and there's little shared media.
Language is a doable barrier to overcome, and so is harmonizing various regions on a regulation level. Remember that in Europe those cultural differences exist within countries and have for centuries. Hell, Brussels itself symbolize that. If you think they don't easily move from country to country, I suggest you visit London, Amsterdam or Berlin. Harmonization is a political issue, and what hampers it is selfish and…
Semi off topic, but I'm going to Spain in June, anyone recommend anything startup related? People i should meet?
Earlier quoted context omitted.
Except he was right and austerity works even less.
Except he was wrong and well managed austerity does work. When it's actually employed. Cutting government 1%, or holding spending the same, is not austerity. The ideas of Keynes are responsible for the last decade of economic disaster around the planet. Austerity has been proven to work over and over again. Just ask Sweden, they're a proof case that managed austerity works exceptionally well. http://www.bloomberg.com…
The problem with stimulus spending in a place like Spain is that someone will have to lend them the money to spend. They either have to charge pretty high interest (which exacerbates Spain's already high deficit) or give a discount on the interest, such that it no longer reflects the risk the lender is taking. Most anti-austerity calls seem to suggest the latter, which basically amounts to redistribution from those c…
Have we totally forgotten Keynes? My spending is your income. The resources of an economy (in this case, many of Spain's workers) are lying idle. The entire country would be wealthier if they were put to work. Further, I don't know what you mean by "easy living", but Spain was more fiscally responsible than even Germany before the crisis. Spain's deficits are not the result of irresponsible borrowing and spending (as…
Earlier quoted context omitted.
Except he was wrong and well managed austerity does work. When it's actually employed. Cutting government 1%, or holding spending the same, is not austerity. The ideas of Keynes are responsible for the last decade of economic disaster around the planet. Austerity has been proven to work over and over again. Just ask Sweden, they're a proof case that managed austerity works exceptionally well. http://www.bloomberg.com…
I am guessing well managed stimulus would work. This is the no real scotsman problem.
Earlier quoted context omitted.
Spain needs to breed. Their median age is ~41 (US at about 37... ). Not as bad as Japan, but very ominous when you've got a society built on pensions. Ireland is about 35 and it shows (little pale kiddies running around everywhere). That is the only one of the PIIGS I'm betting on.
Was any part of the above comment offensive? I'm a little perplexed as to why I've been (I assume) banned... I personally don't find my observation about Ireland's large population of pale children particularly offensive. I happen to be pale and half-Irish myself (mom from Cork), as well as married to a pale Irish girl. As for statistics to back up my claim that Ireland is a good bet relative to the remaining PIIGS,…
Yes, in the sense that no matter what you post, if there's any substance to your point at all, someone will be offended by it. Don't sweat it.
(You're not hellbanned as of this post, if that's what you're wondering.)