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Author
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Topic: The Collapsing Spanish Economy
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amelia28
Knowflake Posts: 2366
From:
Registered: Aug 2011
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posted May 03, 2012 08:43 AM
  
22 Signs That The Collapsing Spanish Economy Is Heading Into A Great DepressionGood article: http://theeconomiccollapseblog.com/archives/22-signs-that-the-collapsing-spanish-economy-is-heading-into-a-great-depression IP: Logged |
amelia28
Knowflake Posts: 2366
From:
Registered: Aug 2011
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posted May 03, 2012 08:54 AM
This article explains clearly why we need to change our current monetary policies, End the fed, and why we need a government right now that is economically conservative and it explains why big government doesn't work.IP: Logged |
Aquacheeka
Knowflake Posts: 961
From: Toronto, Canada
Registered: Mar 2012
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posted May 03, 2012 09:41 AM
Germans celebrate strong economy (much stronger than the US'):
http://business.financialpost.com/2011/11/15/germans-celebrate-s trong-economy-as-the-rest-of-europe-struggles/ Funny, I didn't realize that Spain was the only socialist country in the world. What Germany has that Greece, for instance, did not have is a manufacturing industry. You can't survive as an import-only economy. They also do not have a glut (excess) of labour. Some people don't understand macroeconomics at all. IP: Logged |
Aquacheeka
Knowflake Posts: 961
From: Toronto, Canada
Registered: Mar 2012
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posted May 03, 2012 09:44 AM
This article explains why the red states are all poorer with higher unemployment than the blue states: http://www.nowtoronto.com/news/story.cfm?content=180676 IP: Logged |
Aquacheeka
Knowflake Posts: 961
From: Toronto, Canada
Registered: Mar 2012
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posted May 03, 2012 09:49 AM
Switzerland economy also strong, also because of high export-to-import ratio:
http://www.bbc.co.uk/news/business-17218461 IP: Logged |
Ami Anne
Moderator Posts: 31624
From: Pluto/house next to NickiG
Registered: Sep 2010
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posted May 03, 2012 10:14 AM
quote:
Originally posted by amelia28:
This article explains clearly why we need to change our current monetary policies, End the fed, and why we need a government right now that is economically conservative and it explains why big government doesn't work.
Amelia  ------------------
Passion, Lust, Desire. Check out my journal
http://www.mychristianpsychic.com/
IP: Logged |
Aquacheeka
Knowflake Posts: 961
From: Toronto, Canada
Registered: Mar 2012
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posted May 03, 2012 11:47 AM
Quote from Amelia's article:"The next wave of the economic crisis will soon envelop the United States, Japan and the rest of Europe."
Japan is notoriously fiscally conservative though  . Moreso even than the States!
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YoursTrulyAlways
Knowflake Posts: 2568
From:
Registered: Oct 2011
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posted May 03, 2012 01:49 PM
quote:
Originally posted by Aquacheeka:
Quote from Amelia's article:"The next wave of the economic crisis will soon envelop the United States, Japan and the rest of Europe."
Japan is notoriously fiscally conservative though . Moreso even than the States!
Fiscally conservative at 230% Debt to GDP. Very good 
BTW, Greece is at 160% and the US is at 103%. I work for GD jappies, and I believe that I'm the only credentialed economist here, so you telling me that they are fiscally conservative made my day because my toes are cracking up. Oh yes. I almost forgot. Just for the benefit of the Libs:
http://en.wikipedia.org/wiki/List_of_countries_by_public_debt IP: Logged |
Aquacheeka
Knowflake Posts: 961
From: Toronto, Canada
Registered: Mar 2012
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posted May 03, 2012 01:54 PM
Do you know what Ireland's corporate tax was when they went bankrupt? - 10%.
Same as many African countries.
Yep, no tax, that'll solve EVERYTHING, says the American  !
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Aquacheeka
Knowflake Posts: 961
From: Toronto, Canada
Registered: Mar 2012
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posted May 03, 2012 02:00 PM
Japan is running an unbalanced import-to-export ratio. They are nonetheless fiscally and socially conservative.Any country that buys more than it sells to others is going to eventually have a debt problem. Basic macroeconomics. Don't need to be a genius to know that. IP: Logged |
Aquacheeka
Knowflake Posts: 961
From: Toronto, Canada
Registered: Mar 2012
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posted May 03, 2012 02:14 PM
The problem is that usury is the system that we were set up with post-feudalism. It is all we know. It truly is not the consumers' fault - the fact is that the system is set up so that you cannot advance without taking on debt. Mortgage debt, student debt, business loan debt, you simply can't get anywhere without debt and interest. What's happening in certain European economies will happen elsewhere, it's just a question of when. So in that sense, I agree with the article.I suppose we could topple the whole system and start again (people are buying up gold, I hear), but this idea doesn't appeal to a whole lot of people for obvious reasons - fear of anarchy, fear of change. IP: Logged |
YoursTrulyAlways
Knowflake Posts: 2568
From:
Registered: Oct 2011
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posted May 03, 2012 02:20 PM
An 8.2% budget deficit to GDP is called fiscal conservatism?
Incidently, look at the American ratio after 2008. So, 2009 onwards is the dawn of the new age of American Hope and Change.
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katatonic
Knowflake Posts: 7905
From:
Registered: Apr 2009
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posted May 03, 2012 02:36 PM
interesting graphs, YTA, unfortunately not all of economics can be shown by figures in black, white and green..no matter how much the financial wizards would like it to be that simple!i notice that japan had a sharp turn for the worse immediately AFTER FUKISHIMA. would you advise that the "conservative" thing to fix such a disaster would be to "let it burn" rather than borrow money? the trouble with these things is they are very short-sighted. i note that the steady DROP in national debt occurred during the years when the top rate was 90% and 70% (46-75) and that during the hallowed reagan years it ROSE not dropped. perhaps there are other factors at work besides "liberal or conservative" fiscal policy???hmm? or perhaps the climb of our debt would have been even more if obama had been reagan??? i also note that the american post 2008 percentage does not go anywhere NEAR 103% as quoted in your previous post? and in fact is projected to level off at under 70%? am i misreading? IP: Logged |
katatonic
Knowflake Posts: 7905
From:
Registered: Apr 2009
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posted May 03, 2012 02:42 PM
sorry, haste make waste of space!
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Aquacheeka
Knowflake Posts: 961
From: Toronto, Canada
Registered: Mar 2012
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posted May 03, 2012 02:43 PM
I'm not gonna get into the whole "who spent more" fiasco - the guy who started two expensive wars or the guy who poured money into education. It's been done to death.You can read the debates all over the internet. It doesn't interest me. I'm interested in what is the most useful and beneficial way to spend money. Conservatives also like spending money on highways because it gets men working right away. Is that a good long-term strategy? You tell me. You tell me. IP: Logged |
YoursTrulyAlways
Knowflake Posts: 2568
From:
Registered: Oct 2011
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posted May 03, 2012 02:48 PM
Dai Ichi Fukushima occurred in March 2011. How would you account for the fiscal deficit of 7.4% to GDP in FY2010 ended March 2010? Or the 8.2% to GDP for the fiscal year ended March 2011? The Japanese public and corporate fiscal year ends on 31st March. Tokyo Electric and Chubu Electric are among our customers. We know them quite well. Hello? IP: Logged |
katatonic
Knowflake Posts: 7905
From:
Registered: Apr 2009
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posted May 03, 2012 03:00 PM
beg pardon, getting my dates mixed up. my grandson was born that day!IP: Logged |
YoursTrulyAlways
Knowflake Posts: 2568
From:
Registered: Oct 2011
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posted May 03, 2012 04:16 PM
quote:
Originally posted by katatonic:
beg pardon, getting my dates mixed up. my grandson was born that day!
Happy for you! Grandchildren are great. I'm looking forward to the day I can hold my own grandchildren!! IP: Logged |
katatonic
Knowflake Posts: 7905
From:
Registered: Apr 2009
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posted May 03, 2012 04:41 PM
thanks, yes he is #2 and they are fabulous! but i also mix up the 10 and 11 re his birthday, though i KNOW he is only a year old, not two...but my point was that debt vs gdp is not a simple issue. as i also mentioned, the debt went down and gdp up postwar and taxes were at an all time high. and the reagan years look like a steep decline on your graph...but no one wants to remember that part of reagonomics, they remember living high off the hog. unfortunately that high life was funded by aggressive LENDING - i remember my bank (in england) waving a rolls royce around as an internal raffle prize you could enter IF you took out a loan...and no one was being conservative about whom they loaned to either. i also remember the mid to late 80s as the last time i spoke to a REAL bank manager, you know, the kind who was able to make decisions as part of his job regarding the business of his bank and customers. since then the computer and corporate model have taken over and the "managerS" are corporate 20-30 somethings with very little motivation or leeway to use their OWN brains and acumen to make decisions... IP: Logged |
katatonic
Knowflake Posts: 7905
From:
Registered: Apr 2009
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posted May 03, 2012 04:46 PM
but aquacheeka has brought up some very good points:a) it's not so much what you spend as what you spend it ON...if i put all my savings in a house that's falling down i will be broke in a few years with no house and no buyer; if i spend the same money on a good investment i will reap the return in profit. b) spain is just ONE socialist country. i don't notice a lot of conservatives pointing at norway, germany or switzerland to make their points. c) debt is only as heavy as the lender makes it. iceland has recently forgiven ALL mortgage debts of its citizens. you could call them socialist but when the crash came iceland was one of the few places that REFUSED to bail out the banks. i hear they are doing pretty well, thanks. however not so keen on the idea of living in iceland...not because of the economy but because of iceland itself. it has its charms but not enough to get my immigration! IP: Logged |
Lindaland
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