Spain in state of total emergency

[sasguru]

If he cannot "win" an argument he then shifts it to a subject where he think he can win. Must be an interesting individual to try an manage

Long term low-level juniors don't need much management.

[DodgyAgent]

The thing with BB is he's like a mule. He'll take a position and defend it against all evidence, when a rational, sentient, intelligent being changes their mind on the basis of new data.

So for example the fact that there's a bank run in Spain and interest rates on their bonds hit record levels this week, the fact that the Greek elderly are grubbing about in bins for food etc etc just makes no impact on the tiny nodule that sits on top of his spine.

If he cannot "win" an argument he then shifts it to a subject where he think he can win. Must be an interesting individual to try an manage

[sasguru]

The thing with BB is he's like a mule. He'll take a position and defend it against all evidence, when a rational, sentient, intelligent being changes their mind on the basis of new data.

So for example the fact that there's a bank run in Spain and interest rates on their bonds hit record levels this week, the fact that the Greek elderly are grubbing about in bins for food etc etc just makes no impact on the tiny nodule that sits on top of his spine.

[DodgyAgent]

Tell us what's going to happen oh wise one.

...and lets see if you've understood it shall we.

I have explained it ad infinitum. You seem to want to turn it into an argument that has nothing to do with the reality of what is going on. For example you see the problem as one of debt. This is true but you simply fail to understand that the Euro has accelerated borrowing in countries where interest rates urgently needed to rise (to stop people borrowing cheap money to buy Spanish holiday homes for example). Countries run out of money and because they have no control over currency rates they cannot stimulate their economies to generate enough growth to pay back the loans.

[BlasterBates]

Yet again you have no understanding of what this Euro thing is all about do you?

Tell us what's going to happen oh wise one.

...and lets see if you've understood it shall we.

[DodgyAgent]

It was joke, tongue in cheek.

But then humour was never your strong point.



But lets face it Sasguru predicted the Euro would drop like a stone from 1.25 and it hasn't moved.

Still waiting for the spiraling interest rates, everyone was preidcting last year, wasn't that the spiral out of control that was going to cause the imminent break up of the Euro. That was a damp squib wasn't it. Yes Spain's rates have now temporarily gone up, but they'll be down again in a couple of weeks.

Yet again you have no understanding of what this Euro thing is all about do you?

[BlasterBates]

I find it hard to believe that you posted this while attempting to have a serious discussion about the Euro.

Floating exchange rates really is basic stuff. They help balance the relative strengths of economies as they fluctuate over time. Your comment is very naive.

It was joke, tongue in cheek.

But then humour was never your strong point.



But lets face it Sasguru predicted the Euro would drop like a stone from 1.25 and it hasn't moved.

Still waiting for the spiraling interest rates, everyone was preidcting last year, wasn't that the spiral out of control that was going to cause the imminent break up of the Euro. That was a damp squib wasn't it. Yes Spain's rates have now temporarily gone up, but they'll be down again in a couple of weeks.

[BigTime]

The question you need to ask yourself is why the German GDP/debt ratio is so high (presumably they have generally had surpluses) and is comparable to the UK who have generally run deficits.
That may help you out of your binary rut although I'm not hopeful.

The German economy was in the tulip until recently or didn't you notice? Unification with the east? Investment in industry?

[sasguru]

Or just going to stick to childish insults?

How is the Portugese holiday home?

I'm hoping childish insults provoke people to do some homework, since I can't be fooked to explain complicated issues to lazy morons.
The holiday home is fine according to the agent - hoping to spend some nice summer months there soon

[Doggy Styles]

In 2008 it was 1.5 Euro to the £ now it's 1.25

That's a real melt down isn't it.




I wonder if the Scots will still be holding English pounds in their hand in 5-10 years time.

I find it hard to believe that you posted this while attempting to have a serious discussion about the Euro.

Floating exchange rates really is basic stuff. They help balance the relative strengths of economies as they fluctuate over time. Your comment is very naive.