Harrekin
Well-Known Member
Iv heard the education system in Kenya isn't really great at all tho, so he might not actually be able to count up that high.
17 -country eurozone has fallen back into recession
- Thread starter Ringsixty
- Start date
ChesusRice
Well-Known Member
LET ME put it this wayLet me put it this way for Cheesus...
If your household earns 20 grand in a year and spends 25, you'd have to reduce spending.
Anyone who thinks sticking it on the credit card, with no budget and just the hope that your bills will magically drop/pay will magically go up is retarded.
Yet he thinks my household, which had to pay off its son's debts (the banks) then reduced their deficit at a sustainable level over a number of weeks (years) till we get to a balanced budget is the stupid one.
Ask Germany how they just (easily) rode out the WHOLE recession, I bet youll find it wasn't deficit spending
Regardless of what you say
Investors have decided your goverments bonds are junk and have given them that status
so say what you will
but those with money and opinions have decided that your country is not worth investing in
Harrekin
Well-Known Member
Is that why our bond yields are just under 4%? With higher than expected demand at the test sale of a 500mill short term bond we did a few months ago?Do you actually understand real economic data or are you just "retarded talking-points man"?
k0ijn
Scientia Cannabis
The whole discussion is irrelevant when the OP has thoroughly misunderstood the difference between the eurozone going into a light recession and the 17 nations which make up this zone.
The EU is not in a recession anymore and neither are 17 countries (the eurozone) all in a recession.
The entire premise is flawed.
I can only agree with Harrekins numbers and I assume the agreement is there because he also doesn't think the EU is in a recession.
And also because he knows the difference between the eurozone and the EU.
The EU is not in a recession anymore and neither are 17 countries (the eurozone) all in a recession.
The entire premise is flawed.
I can only agree with Harrekins numbers and I assume the agreement is there because he also doesn't think the EU is in a recession.
And also because he knows the difference between the eurozone and the EU.
I think you nailed it.
ChesusRice
Well-Known Member
The shift was modest. Fitch changed its outlook from "negative" to "stable", while keeping the north-west eurozone country's rating at BBB+. Its action nevertheless took Ireland, which was forced into a European Union/International Monetary Fund bail-out in November 2010, closer to regaining full access to financial markets when its aid programme expires next year.
Harrekin
Well-Known Member
So hold up, the US has a "negative" outlook.
Ireland has "stable" and somehow you think you're winning?
Jimminy Gillickers Retarded Talking Points man!
Sorry bub, soon as I saw this reply I knew for certain that you could not have written it. This was written by someone who actually knows what is going on, and that certainly isn't you.
http://www.ft.com/cms/s/0/032c21d2-3000-11e2-891b-00144feabdc0.html#axzz2CiwyFQho
cannabineer
Ursus marijanus
At the same time it must be understood that S&P gave very nice ratings to the firms that were already imploding in '08 on a diet of CDOs. I trust those ratings as far as i can throw them. cn
ChesusRice
Well-Known Member
The country joins Portugal and Greece to become the third euro-area nation to
be reduced to non-investment grade. The downgrade by Moody's came as it emerged
European leaders will hold an emergency summit on Friday in an effort to contain
fallout from the sovereign debt crisis sweeping the Continent.
Ireland's rating was lowered to Ba1 from Baa3 on Tuesday night. The country,
which had a top Aaa rating just over two years ago, lost its investment status
after the once booming property market imploded, causing banking collapses
requiring huge bail-outs that saw the country's debt surge.
Moody's said that reason for the downgrade was a growing possibility that
once the current €85bn European Union/ International Monetary Fund rescue
package ends in 2013, Ireland is likely to need further bail-outs before it can
return to the bond market.
ChesusRice
Well-Known Member
London is a home away from home for a growing number of Irish but will it stay that way?
The last few years have been tragic ones for Ireland. More than 2% of the population is now leaving every year.
Emigration is spiralling out of control, standing at levels not seen since the Great Famine in the mid-1840s.
The good times for the Celtic Tiger - which for the first time in centuries halted the mass population exodus that has marred much of Ireland’s history - have come to an end. House prices are down up to 50% since the peak. The banking sector collapsed, needing a mind-blowing bailout. Now the brightest are leaving.
Back in 2001, only some 25,000 people were emigrating a year. But in the 12 months up to April 2012, 87,000 left Ireland. That’s an annual amputation for country with a total population of slightly more than four million.
A significant number is coming to Britain, with some 1,000 arriving each week. That they’re doing this at a time when the UK is hardly a bastion of prosperity indicates just how bad the situation is.
The last few years have been tragic ones for Ireland. More than 2% of the population is now leaving every year.
Emigration is spiralling out of control, standing at levels not seen since the Great Famine in the mid-1840s.
The good times for the Celtic Tiger - which for the first time in centuries halted the mass population exodus that has marred much of Ireland’s history - have come to an end. House prices are down up to 50% since the peak. The banking sector collapsed, needing a mind-blowing bailout. Now the brightest are leaving.
Back in 2001, only some 25,000 people were emigrating a year. But in the 12 months up to April 2012, 87,000 left Ireland. That’s an annual amputation for country with a total population of slightly more than four million.
A significant number is coming to Britain, with some 1,000 arriving each week. That they’re doing this at a time when the UK is hardly a bastion of prosperity indicates just how bad the situation is.
Harrekin
Well-Known Member
Wow, way out of date copy and pastes.
Its all you do, you should at least be good at it by now.
ChesusRice
Well-Known Member
Ireland's exodus to London: Say hello, wave goodbye!
19 November 2012 | By Simona Sikimic
The last few years have been tragic ones for Ireland. More than 2% of the population is now leaving every year.
Emigration is spiralling out of control, standing at levels not seen since the Great Famine in the mid-1840s.
The good times for the Celtic Tiger - which for the first time in centuries halted the mass population exodus that has marred much of Ireland’s history - have come to an end. House prices are down up to 50% since the peak. The banking sector collapsed, needing a mind-blowing bailout. Now the brightest are leaving.
Back in 2001, only some 25,000 people were emigrating a year. But in the 12 months up to April 2012, 87,000 left Ireland. That’s an annual amputation for country with a total population of slightly more than four million.
A significant number is coming to Britain, with some 1,000 arriving each week. That they’re doing this at a time when the UK is hardly a bastion of prosperity indicates just how bad the situation
RyanTheRhino
Well-Known Member
They wouldn't need Austerity if not for social welfare negligence.
Harrekin
Well-Known Member
You forgot how most of those are European migrants returning home, alot of Eastern European construction workers came over here during the housing boom(hmmm, I wonder why).
Now that there's no work in construction here, what do you think logically followed?
The more you talk about stuff, the more obvious it is that you know fuck all about it bar your copy/paste rampages.
Saltrock
Active Member
Maybe they can come back. Home sales up 2%. More demand for homes and construction. The average value of a home went up 10%. The stock market had a good day today. Thanks Obama.
Peace
Salt
Harrekin
Well-Known Member
Markets worldwide dropped when Dumbo got reelected.
Try harder, and with facts next time.
Saltrock
Active Member
It is true, saw it on crocks and cnn. I didn't pull those facts out of my ass. Since I am not able to edit my post, one thing I should add is home values are up 10% from last year.
Peace
Salt
Harrekin
Well-Known Member
Home values went up 200% or more in the preceding 10 years.
Are they good fundamentals to base an economies growth on?