Dexi Posted September 21, 2011 Report Share Posted September 21, 2011 Another problem here is that at the moment there is no mechanism by which a country can leave the Eurozone.The treaty was designed to be permanent.The whole thing is a freaking mess.No wonder people are becoming more Euro sceptic by the day. Link to comment Share on other sites More sharing options...
gobbledonk Posted September 22, 2011 Author Report Share Posted September 22, 2011 None of this is being helped by our fucking media. Despite good fundamentals, including proximity to a strong set of Asian economies, the bastards started the day with a headline that reads 'Global Markets Collapse'. I used to feel sorry for journos when they were set upon by Lebanese outside a courthouse - in future, I'll be cheering the Lebanese on. Bastards. Link to comment Share on other sites More sharing options...
BelgianBoy Posted September 25, 2011 Report Share Posted September 25, 2011 It's no wonder that a lot of people in many of the Western European countries with strong currencies / economies did NOT want to move to the Euro. Seem to recall referendums in Germany, Denmark and France all voting against the Euro. Of course the politicians went ahead with it anyway. You are wrong and confusing the Lisbon Treaty with the Euro, 2 totally different things. BB Link to comment Share on other sites More sharing options...
BelgianBoy Posted September 25, 2011 Report Share Posted September 25, 2011 http://en.wikipedia.org/wiki/Ann_Pettifor - wipe the slate with countries like Greece to allow their economies to get back on their feet. so, the bad students of the class get a bonus for being bad ? no way. its like saying that crime pays.... BB Link to comment Share on other sites More sharing options...
gobbledonk Posted October 18, 2011 Author Report Share Posted October 18, 2011 OK, we're screwed: http://www.alankohler.com.au/ One scary graph, until you realise that the final 23.5% figure is from 2007, which means that we should have had a major crash in 2008. Oh, wait ..... Link to comment Share on other sites More sharing options...
RayRay Posted November 13, 2011 Report Share Posted November 13, 2011 In 2003 she correctly predicted the bursting of the credit bubble Considering the credit bubble didn't burst for another 4 years, it's misleading to call this a correct prediction. There's an axiom in the business that says "If you're too early, you're still wrong." Many people got wiped out shorting the dot com bubble too early. Although they were eventually proven right, many were no longer around to reap the rewards of their foresight. Link to comment Share on other sites More sharing options...
gobbledonk Posted November 15, 2011 Author Report Share Posted November 15, 2011 In 2003 she correctly predicted the bursting of the credit bubble Considering the credit bubble didn't burst for another 4 years, it's misleading to call this a correct prediction. There's an axiom in the business that says "If you're too early, you're still wrong." Many people got wiped out shorting the dot com bubble too early. Although they were eventually proven right, many were no longer around to reap the rewards of their foresight. One of us has clearly misread that - in any case, if the doomsayers are right about the Euro disintegrating, we can all kiss our arses goodbye. Thats one prediction I'm happy to see proved totally wrong. Link to comment Share on other sites More sharing options...
freefall Posted January 11, 2012 Report Share Posted January 11, 2012 Free Market doesn't work. Because at the end of the day, one person ends up controlling everything. How many governments are dictated, hmm... I mean have suggestions given to them by companies that have a higher turnover than the countries GDP? Some form of regulatory control needs to be there. Given that what made us what we are is Society, we should regulate companies to ensure that Societies interests are met, as well as them making shit loads of cash. Too many company directors hide behind the "I must maximize shareholder wealth" mantra. If governments did one simple thing, modify corporations law such that the environment and local social structures each had an equal weighting to shareholder wealth, companies would still make shit tons of cash, but the type of global financial collapse would never be able to happen again. The next time a company goes to offshore, mine in a national park, or destroy a small local competitor, they would have to demonstrate to the regulator that they were meeting their three directives. Growth would not stop, it would slow down, but given we have finite resources, isn't this a good thing? Or it could be just too much beer tonight.... Link to comment Share on other sites More sharing options...
gobbledonk Posted January 12, 2012 Author Report Share Posted January 12, 2012 I suspect that there would be Conservative politicians right across the 'free world' who would happily have you shot for that post, freefall, but I agree with the spirit of what you say. The problem is implementation - I suspect that Singapore is one of the few countries where the government has a finger in almost every pie without totally screwing up entrepreneurship. I don't know anyone who wants the economy Russia had in the 80s, with the exception of some old relics from the Communist era. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.