Originally posted by scooterscot
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München Hbf to Nürnberg (return) €54
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While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.' -
Originally posted by scooterscot View Postor €87 if you prefer 1st class, during peak time, how are you going to beat that?
catch me later...Comment
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Originally posted by doodab View PostRecession has nothing to do with the budget deficit, it only affects your ability to spend your way out of it.
Norway, the land recession forgot"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Because we don't have the oil reserves of Norway and state-owned petroleum companies, maybe?Comment
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Originally posted by scooterscot View PostCan recessions not be avoided with good management of the GDP-debt ratio?
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.While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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Originally posted by doodab View PostGiven 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.
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."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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