München Hbf to Nürnberg (return) €54

[doodab]

Indeed. Makes good sense. How is it thought as as a country we keep spending more than we earn? How is it we have not learnt from those lessons of the past that recessions suck?

Recession has nothing to do with the budget deficit, it only affects your ability to spend your way out of it.

[CheeseSlice]

or €87 if you prefer 1st class, during peak time, how are you going to beat that?

catch me later...

How can it be 1st class if the peasants and servants can afford to buy tickets? I'll never get a glass of champagne whlist the waitress is serving the rabble with beer and mountains of sausages and cabbage

[scooterscot]

Recession has nothing to do with the budget deficit, it only affects your ability to spend your way out of it.

Can recessions not be avoided with good management of the GDP-debt ratio? If we're going to be a debt-based economy why can't we operate a GDP of Norway at 26% instead of 91%?

Norway, the land recession forgot

[Ticktock]

Can recessions not be avoided with good management of the GDP-debt ratio? If we're going to be a debt-based economy why can't we operate a GDP of Norway at 26% instead of 91%?

Norway, the land recession forgot

Because we don't have the oil reserves of Norway and state-owned petroleum companies, maybe?

[doodab]

Can recessions not be avoided with good management of the GDP-debt ratio?

Given a constant level of debt the debt to GDP ratio increases in a recession because GDP decreases. It's a symptom, not a cause.

Not being massively indebted might be a sign of good economic management (or it might not) but it's no guarantee that recessions won't happen.

[scooterscot]

Given a constant level of debt the debt to GDP ratio increases in a recession because GDP decreases. It's a symptom, not a cause.

Not being massively indebted might be a sign of good economic management (or it might not) but it's no guarantee that recessions won't happen.

Sounds like passive action to me. How was it we we're unable to improve our debt-GDP ratio throughout the impressive growth of the 00's?

I'd disagree regarding indebtedness against the likelihood of recession. At least with minimal levels of debt you're in a much better position to do something about fending off recession rather than going cap in hand to the Chinese to solve your energy crisis.