Spain slides into Full Depression

Discussion in 'Economics' started by IanMacQuaide, Sep 24, 2009.

  1. zdreg

    zdreg

    u have just insulted the columbian pickpockets. but then again maybe the best pickpockets in spain are columbians

    of course the best pickpockets of working people are the US congress and Obama
     
    #21     Sep 25, 2009
  2. BINGO!
     
    #22     Sep 25, 2009
  3. these mexicans had it coming to them, always sitting around taking siestas and eating tapas, now they live in poverty, it is a lesson for america
     
    #23     Sep 25, 2009
  4. nitro

    nitro

    LMAO. You shacked off with a loaded gun Eric?

     
    #24     Sep 25, 2009
  5. I agree, obviously changes are necessary, but they do take time to implement. Not months but years or even a full decade. Just like the Germany economy went through a long and drawn out semi-recession during the early 90s as it suffered from overcapacities, high unit labor costs and a strong Deutsche Mark. It took years for the Germans to outsource labor intensive parts of the value chain and further automate their processes.

    A weak currency is no long-term solution, but a short term sugar rush that buys an economy time while it (hopefully successfully) readjusts.

    Spain (alongside the other PIGS) is facing a decade-long period of suffering. I don't see real estate (especially upper and hi-end) rebounding meaningfully on an inflation-adjusted basis before 2020. The UK has a unique chance of drastically improving their economic position until then. If they blow that they're toast of course.
     
    #25     Sep 25, 2009
  6. The health care none sense now makes sense.

    The bankers are using both dem and repub elites to confuse and energize each side. Especially the lunatic right fringe being egged on by sheer lies and fear mongering on the biggest globalist news media outlet.

    the crazies on both sides are busy fighting each other while the bankers and the elite laugh all the way to the bank with their bail out fortunes.



     
    #26     Sep 25, 2009
  7. Could you share your view on the best case realistic scenario policy makers could have in mind for a restructured US economy in a few years time ?
     
    #27     Sep 25, 2009
  8. ammo

    ammo

    makloda, i've never been there but heard that the woman are some of the most beautiful in the world, true, or is everything about the same?
     
    #28     Sep 25, 2009