Reply to: Wibble

[sasguru]

I think it's the opposite actually - euro is helped by strong players like Germany and France to make life easier for other weaker member states. If they did not get deep into debt it would have worked very nicely - they have only themselves to blame for using debt as means of fake growth.

So you think France is a strong player?
No wonder SKA is slow to take off. You must be going through myriad dead-ends with your judgement.

[AtW]

the Euro which is run for the benefit of Germany.

I think it's the opposite actually - euro is helped by strong players like Germany and France to make life easier for other weaker member states. If they did not get deep into debt it would have worked very nicely - they have only themselves to blame for using debt as means of fake growth.

[AtW]

Germany is of course doing well since it has a currency designed for its economy, unlike its fellows in the EC.

Germany is doing well because they kept industry and skills to make products that are in high demand - if they had deutschmark then it would give them stronger currency to buy essential raw materials cheaper.

[sasguru]

Boll0x as usual from our own ex-City expert.

Unemployment by country:

Germany: 5.4% (11.4% in 2005 - so they cut it by half!)
UK: 7.9% (4.6% in 2005)
France: 10.7% (9.2% in 2005)

So who is in deep tulip relatively speaking? Germany actually reduced unemployment rate, France always had it high so they did not go as much but UK had the highest increase in unemployment rate (nearly 100%).

Unemployment in Europe (monthly) - Google Public Data Explorer

Not sure how well other countries are good at keeping unemployed people off the books, but UK is certainly done well in this respect.

You really are a cretin. Germany is of course doing well since it has a currency designed for its economy, unlike its fellows in the EC.
UK unemployment rose but the trend in recent months is a continuous fall.
France's stayed Ok but now is on the rise and will continue rising as long as they are in the Euro which is run for the benefit of Germany.

[sasguru]

You can't create wealth or increase the productivity of the economy by printing money.

Was just listening to last nights question time and was absolutely stunned by what the BoE fellow said. We really are ****ed as a nation with these morons in charge.

The chief moron isn't as goofy and stupid as he seems for his pension pot is £5.36 mln -

Bank of England governor's pension boosted by £1.4m before receiving early payout

Who is a moron now?

I reckon they should get you 2 ekonomik jeeniuses to run the economy.

[Robinho]

That's easy when you can just QE directly into your pension pot.

[AtW]

Was just listening to last nights question time and was absolutely stunned by what the BoE fellow said. We really are ****ed as a nation with these morons in charge.

The chief moron isn't as goofy and stupid as he seems for his pension pot is £5.36 mln -

Bank of England governor's pension boosted by £1.4m before receiving early payout

Who is a moron now?

[Robinho]

You can't create wealth or increase the productivity of the economy by printing money.

Was just listening to last nights question time and was absolutely stunned by what the BoE fellow said. We really are ****ed as a nation with these morons in charge.

[speling bee]

WHS

This might force me get a one way boat ticket to Soviet Russia.

Print, old man. Print like the wind.

[AtW]

We however can print money, devalue to restore competitiveness, inflate away our debt and wipe out AtW's already pitiful savings.

WHS

This might force me get a one way boat ticket to Soviet Russia.

[speling bee]

On a serious note, it's worth noting the proponents of QE, the US and UK, have avoided anything like the depressions and unemployment rate hitting southern Europe.
French unemployment has risen for 16 months in a row now - they're following Greece, Spain and Italy down the depression route. Unt soon zey vill be speakin Cherman.

The problem Southern Europe is that they cannot use QE or interest rates to devalue, compared to other Eurozone countries. We however can print money, devalue to restore competitiveness, inflate away our debt and wipe out AtW's already pitiful savings.

[AtW]

On a serious note, it's worth noting the proponents of QE, the US and UK, have avoided anything like the depressions and unemployment rate hitting southern Europe.
French unemployment has risen for 16 months in a row now - they're following Greece, Spain and Italy down the depression route. Unt soon zey vill be speakin Cherman.

Boll0x as usual from our own ex-City expert.

Unemployment by country:

Germany: 5.4% (11.4% in 2005 - so they cut it by half!)
UK: 7.9% (4.6% in 2005)
France: 10.7% (9.2% in 2005)

So who is in deep tulip relatively speaking? Germany actually reduced unemployment rate, France always had it high so they did not go as much but UK had the highest increase in unemployment rate (nearly 100%).

Unemployment in Europe (monthly) - Google Public Data Explorer

Not sure how well other countries are good at keeping unemployed people off the books, but UK is certainly done well in this respect.

[sasguru]

On a serious note, it's worth noting the proponents of QE, the US and UK, have avoided anything like the depressions and unemployment rate hitting southern Europe.
French unemployment has risen for 16 months in a row now - they're following Greece, Spain and Italy down the depression route. Unt soon zey vill be speakin Cherman.

[sasguru]

Sasguru will be along shortly to call us all Cretins and say it all makes perfect sense to ekonomick jeeniuses like 'imself.

Cretin. It makes perfect sense.

[BrilloPad]

So is the UK economy fixed now?