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7.6% is a great number for Europe. That's the zero point for the EU.
EU. A relatively stable economy? Time will tell, and I say not likely. LOL. Germany, the EU's engine fell flat with Schroeder as he couldn't get the unemployment rate down during a good US economy... it doubled on his watch.
The EU is a follower. Like the CDN dollar, there may be times when it reaches some type of parity when things get tough in the US but it's not something you can look at and say it's for the long term.
The EU is still a poor cousin to the US.
Don't worry, the US will bounce back.
We're three weeks closer to the end of the Obama presidency.
Let's see which country recovers first (with Obama I"m guessing it'll be 6 years... it will require removing the Marxist and electing a Reagan-like figure).
So, contrary to your previous claim, you were NOT just reporting the news.No, it was just an analyzed of the situation, because such is interesting!!! Hello!!!
If it walks like a duck...Perhaps you should start analyzing instead of just screaming anti-American every time reality hits you..
Its not a great number.. Unemployment has fallen over the years from 10ish% to a low of 6.8%, then rose again to around 7.4% at the moment, because of our little setback...
Most European economies are far more solid anchored than the US economy, its less based on speculation and more on real economic advantages such as production, savings, exports, dense infrastructure and so on. Actually Schroeder did good if you ever study German unemployment numbers, which are now at 7.1%, down from well above 10% in the midterm of Schröders government. The results of reform is not seen immediately, but it being 7% now is thanks to what the last government did.
And the US economy was not really good and stable in the same time period, remember 911 and the economic results of that? Even so, unemployment fell in Germany.
How do you explain the Euro being so high against the dollar then? If it was a "follower" it would surely be 1.10 to the dollar maximum, to stimulate European exports, but its not, because our cycles and economic fortunes are different. Both the US and Europe will cycle as results of the other one.. If the economic collapse of this crisis, starts hitting Europe more severely, it will also hit the US as a result, and then hit Europe back, and then the US. It could turn incredibly nasty for both economies in the end if that happens, but luckily its a worst case scenario, and not very likely to happen, and you should be thankful to Europe for that, since we are not declining as rapid as the US, its more a setback here.
Not really.. Our savings rates are above 12% of GDP, while yours is just a tiny 2%, and our debts much smaller, while yours are the biggest in the world after the UK. Also we are not loaded with government debts and trade deficits at the same level that you are. So actually, Europe is the rich cousin of the US.
I certainly hope so.. And I believe slowly it can if the US does the right things instead of the wrong things like I see them doing now, by taking on more debt, wasting money into the fire to rescue a bunch of badly managed bankrupt companies.
Unrealistic.. Even so, you want Joe Biden?
Europe hasnt seen a collapse, just a setback.. So clearly I think we will recover first. Actually we will recover as soon as the US economy stops declining so rapidly, since our setback is a result of US decline.
Reagan figure... :lol: ........ Final nail in the coffin that would be.. One of the reasons Europe is not declining is because of socialism and more state involvement in our economies, and of course better financial management, less speculative based economy.
The only way I think the US can save itself is to abandon its idea of 100% capitalism, because capitalism will always end up bad.
There is no such thing as 100% capitalism.... and, 100% capitalism would dictate that there would be no 'bailouts'.You continue to make good sense here. The money whore of 100% capialism is why we are here in the first place.
You continue to make good sense here. The money whore of 100% capialism is why we are here in the first place. Some control over their insatiable glut is over-due. As ugly as the word "socialsm" is in this country, perhaps its time to try it on as a means to control those who are destroying the labor class and the job market in America. The poor didn`t cause this, they only got poorer...while working. The rich will NEVER be satiated. Sorry pigs, time for a diet plan.Reagan ??? Was that the money whore who invented the trickle down economics,(economic stimulus), we are trying today. I think he also partook in crushing unions who fought for better pay, and better work conditions, for the labor class. Reagan will never be forgotten, much the same as GWB.
There is no such thing as 100% capitalism.... and, 100% capitalism would dictate that there would be no 'bailouts'.
Capitalistic economies naturally grow anbd contract.The bailouts are occuring because we are reaching the collapsing point of our capitalistic economic snowball
Capitalistic economies naturally grow anbd contract.
That they do this in no way means that any given contraction is a failure of the system or that the collapse of the system is imminent.
And, dont kid yourself:
If the economy collapses, the government will go with it.
The system that rises from the ashes will be the system best reflecting human nature -- capitalism.
You say that like some people discuss nuclear weapons -- they say 'but it's NUCLEAR!" and then look at you like they canlt figure out why that doesnt end the conversation.Yes the government will go with it. this is why they absolutely have to give the american people enough money right now so everyone can pay off enough debt to mathmatical be able to make their bills plus be able to spend money to help bring more money in circulation in the economy.
If there is a complete economic collapse then it would take decades to build back the infastructure
You say that like some people discuss nuclear weapons -- they say 'but it's NUCLEAR!" and then look at you like they canlt figure out why that doesnt end the conversation.
Did you ever consider the idea that if there is a wholesale collapse of the economy and the government due to the current 'crisis', it might be in largest part because of the 'the government HAS to give people money' mindset, as implemented over the last 70+ years?
And, if you REALLY think the government should "give the american people enough money right now", then why not have the 'stimulus package' consist entirely of tax cuts?
Predicting the future isn't hard when you don't make definitive/falsifiable claims.Interesting...I had a discussion with a friend several years ago and he too was telling me how he was predicting a depression coming. He actually went as far and said it will be far worse than the "Great Depression"! This was during a time when we were at the peak of our economy and construction was booming! I kinda blew off the conversation for awhile until I started to notice that things were falling in place exactly like he had predicted.
Did you ever consider the idea that if there is a wholesale collapse of the economy and the government due to the current 'crisis', it might be in largest part because of the 'the government HAS to give people money' mindset, as implemented over the last 70+ years?
And, if you REALLY think the government should "give the american people enough money right now", then why not have the 'stimulus package' consist entirely of tax cuts?
Predicting the future isn't hard when you don't make definitive/falsifiable claims.
PS - Jesus is coming! :mrgreen:
huh?I bet if you were back in the day you would have little sayings like this to people that told you the world isn't flat
wah?Now that I think about it they were probably in your family tree
Eurozone data on Wednesday showed industrial output tumbled across the 16-country region. Eurozone industrial production in November was 7.7 per cent lower than a year before – the biggest such drop since records began in 1990, according to Eurostat, the European Union’s statistical office. Italy reported a fall of almost 10 per cent on Wednesday over the period, with automotive production slumping 46.4 per cent.
That is -always- clear to those that -understand- the economy.The inability for the government to control the economy is as clear it can possibly be at this moment.
:roflWe've reached a point where it's too little too late for the tax cuts.
To those who claim the EU is just inconvenienced.
FT.com / Europe - German GDP contracts sharply
Any economy that is heavily reliant on exportation to fund their wealth will begin to take massive deficits, in the form of lost revenue, and greater instances of unemployment.
Nations that depend on current account surpluses are in for a rude awakening.
huh?
wah?
Was that your attempt at insulting me? :lol:
:rofl
Giving people $x from a cut in their taxes is 'too litle too late'
Giving people $x from a government spending program? THAT will work!!!
Did you ever consider the idea that if there is a wholesale collapse of the economy and the government due to the current 'crisis', it might be in largest part because of the 'the government HAS to give people money' mindset, as implemented over the last 70+ years?
Address the arguments, not the poster. Are you incapable of such?No just my general perception on where you would fit in with the worlds critics
Seems to me that if the $x they get from a tax cut doesnt help them, then the $x they get from a government spending program won't hellp them to the same degree.What does this have to do with the majority commonfolk that are caught in a finacial situation where it is mathmatically impossible to make their payment?
Most americans got caught up in a "borrow from Peter to pay Paul" situation.
Seems to me that if the $x they get from a tax cut doesnt help them, then the $x they get from a government spending program won't hellp them to the same degree.
Given that, why NOT the tax cut, and WHY the spending program?
And then:
Did you ever consider the idea that if there is a wholesale collapse of the economy and the government due to the current 'crisis', it might be in largest part because of the 'the government HAS to give people money' mindset, as implemented over the last 70+ years?
Um... this isnt an example of 'the government HAS to give people money' mindset.I certainly agree to a point...a large part of our economic crisis started when our government let american citizens take their factories overseas to make even higher capitalistic profits.
Um... this isnt an example of 'the government HAS to give people money' mindset.
Please address the question I actually asked.
Also....why NOT the tax cut, and WHY the spending program?
And, how would you suggest that the government stop me from taking my factory overseas?
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