EU Economies collapsing Part Deux

[sc281]

Oh fuck, here we go again with this shit


IRELAND
The EU authorities have begun to vent their fury against Ireland over its refusal to accept a financial rescue, fearing that the crisis will engulf Portugal and Spain unless confidence is restored immediately to eurozone bond markets.

http://www.telegraph.co.uk/finance/economics/8135582/Contagion-hits-Portugal-as-Ireland-dithers-on-Rescue.html

PORTUGAL
Euro under siege as now Portugal hits panic button

http://www.montrealgazette.com/business/Euro+under+siege+Portugal+hits+panic+button/3831814/story.html

GREECE, AGAIN
Greek deficit much bigger than estimate
Greek deficit for 2009 was 15.4% of GDP, not 13.6%, says EU statistics agency

http://www.guardian.co.uk/business/2010/nov/15/greek-deficit-bigger-than-thought

GREECE BITCHING TO GERMANY ABOUT NOT 'SHARING THE WEALTH'
Greece, Germany Grapple Over Debt

http://online.wsj.com/article/SB10001424052748704584504575616033310586068.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsThird

[Broncojohnny]

LOL, don't forget that we are in terrible shape here in the US.

[sc281]

LOL, don't forget that we are in terrible shape here in the US.

Oh I'm well aware, but this caught my eye after their Trillion dollar bailout of Greece.

Looks like QE all the way around!!

[Broncojohnny]

Oh I'm well aware, but this caught my eye after their Trillion dollar bailout of Greece.

Looks like QE all the way around!!

I was joking. If everyone prints money there would be an equal amount of inflation everywhere but relative pricing would stay the same. Of course, the Chinese can't print money, they are getting fucked by inflation already. That is why they squealed when we did it.

[Denny]

I was joking. If everyone prints money there would be an equal amount of inflation everywhere but relative pricing would stay the same. Of course, the Chinese can't print money, they are getting fucked by inflation already. That is why they squealed when we did it.

China is about to come out smelling like a rose. Everyone thinks that fucking eachother equally will negate everything else. LMAO!

[TexasDevilDog]

And I thought debt was a good thing? I am soooo confused.

[Broncojohnny]

China is about to come out smelling like a rose. Everyone thinks that fucking eachother equally will negate everything else. LMAO!

Bullshit!

Maybe they can bring back government price controls to limit corporate profits. Or raise interest rates again. Their stock market is down over 10% for the year because people are scared shitless of what the communist bastards who have power are going to do to combat inflation.

[Kimmypie]

Bullshit!

Maybe they can bring back government price controls to limit corporate profits. Or raise interest rates again. Their stock market is down over 10% for the year because people are scared shitless of what the communist bastards who have power are going to do to combat inflation.

How about we go back to the free enterprise system without a bunch of governmental regulation bullshit? Then prices can get back alligned with supply & demand so there aren't a bunch of artificial prices/values. I'm just sayin...

[TexasDevilDog]

How about we go back to the free enterprise system without a bunch of governmental regulation bullshit? Then prices can get back alligned with supply & demand so there aren't a bunch of artificial prices/values. I'm just sayin...

Austrian economists, what is this crazy talk?

[Broncojohnny]

How about we go back to the free enterprise system without a bunch of governmental regulation bullshit? Then prices can get back alligned with supply & demand so there aren't a bunch of artificial prices/values. I'm just sayin...

Oh yea, what artificial prices and values are we seeing? I'm sure you will say commodities are overpriced.

[AnthonyS]

This is a worldwide epidemic. Big government was a great experiment and it failed. Enjoy the ride down. We are headed back to the days of the wild wild west once again, just with a more urban backdrop.

[Denny]

Oh yea, what artificial prices and values are we seeing? I'm sure you will say commodities are overpriced.

Absolutely everything is currently at an artificial price right now.

[Kimmypie]

Absolutely everything is currently at an artificial price right now.

Thank you! I was going to say it, but didn't feel like getting into a pissing contest about it

We can look back to the Great Depression to have some examples of the govt fucking up prices with the agricultural debacle of destroying food to stablize the prices...it hasn't stopped since!

[Broncojohnny]

Absolutely everything is currently at an artificial price right now.

Really, how so?