Reply to: München Hbf to Nürnberg (return) €54

[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.

[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.

[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?

[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

[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

[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.

[scooterscot]

it's all very well speeding into the future but being able to look back as well as forward helps to ensure that you don't end up crashing into the same mistakes as before.

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?

[DS23]

it's all very well speeding into the future but being able to look back as well as forward helps to ensure that you don't end up crashing into the same mistakes as before.

[scooterscot]

No, what he said was that the UK slaughtered millions of people in Iraq.

Oh dear...

Like cattle. Our hands a drenched in blood. We're at our happiest when we're warmongering. Train prices are a close 2nd however.

[Ticktock]

So just to be clear you're equating the Iraq War with the racial genocide, extermination and total war practised on Europe by the Nazis?

No, what he said was that the UK slaughtered millions of people in Iraq.

Oh dear...

[sasguru]

You don't have to look far back into the UK's past. It would seem to me we're doing not a bad job of catching up. Why don't we talk about our great times of savings tens of thousands from a dictator by slaughtering millions?



And that's just one of the several wars we've been involved in.

10th Anniversary Of US Iraq Invasion: 2.7 Million Iraqi Deaths By Dr Gideon Polya

So just to be clear you're equating the Iraq War with the racial genocide, extermination and total war practised on Europe by the Nazis?

[scooterscot]

Doing Darmstadt to Köln this weekend, €76 return for 2 people first class on the ICE (includes the little bit on RB to Mainz as well) although 2nd class would have been €25. Some kind of special offer though...Still just as quick and cheap to drive but I'll probably have a bit of a hangover in the morning as the hotel is next to a brewery which shuts at 23:00 but the pubs over the road open at 22:00 so the train makes sense...

We like visiting Köln when the opportunity presents itself. I have one of those Bahn cards 25% off al 1st class tickets, pays itself back after 5 or 6 trips, worth the €300 asking price. In fact used it recently for a trip to Vein.

[scooterscot]

Well if your country was responsible for millions of deaths, I guess you wouldn't want to look too much into the past.
You really are a very, very,very stupid man indeed.

You don't have to look far back into the UK's past. It would seem to me we're doing not a bad job of catching up. Why don't we talk about our great times of savings tens of thousands from a dictator by slaughtering millions?

In the period 1990-2011 Iraqi deaths from violence or from violently-imposed deprivation totalled 4.6 million, a horrifying number commensurate with the deaths in the World War 2 (WW2) Jewish Holocaust (5-6 million killed, 1 in 6 dying from imposed deprivation; see Sir Martin Gilbert, “Atlas of the Holocaust”). While 1.5 million Jewish children were killed by the German Nazis in WW2, the under-5 year old infant deaths in Iraq totaled 1.2 million under sanctions (1990-2003), 0.8 million under occupation (2003-2011) and 2.0 million overall (1990-2011), 90% avoidable and due to gross violation by the US Alliance of the Geneva Convention and the UN Genocide Convention.

And that's just one of the several wars we've been involved in.

10th Anniversary Of US Iraq Invasion: 2.7 Million Iraqi Deaths By Dr Gideon Polya

[darmstadt]

Doing Darmstadt to Köln this weekend, €76 return for 2 people first class on the ICE (includes the little bit on RB to Mainz as well) although 2nd class would have been €25. Some kind of special offer though...Still just as quick and cheap to drive but I'll probably have a bit of a hangover in the morning as the hotel is next to a brewery which shuts at 23:00 but the pubs over the road open at 22:00 so the train makes sense...

[sasguru]

. So stuck in past we are, and everyone else (at least in this city) lives for the future.

Well if your country was responsible for millions of deaths, I guess you wouldn't want to look too much into the past.
You really are a very, very,very stupid man indeed.