Financial clusterfuck in Europe - Page 41 - MensTennisForums.com

 
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post #601 of 1005 (permalink) Old 12-27-2011, 02:41 PM Thread Starter
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Re: Financial clusterfuck in Europe

har-tru, do you believe a split between the northern and the southern countries would be feasible? several economists have openly discussed this notion of a two-tier system. the northern euro would include the germanic countries and scandinavia, the southern euro the club med countries, spain, italy, portugal and the likes.

france would be shipped abroad, because let's face it, they are dispensable.
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post #602 of 1005 (permalink) Old 12-27-2011, 03:38 PM
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Re: Financial clusterfuck in Europe

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Originally Posted by Rrrainer View Post
har-tru, do you believe a split between the northern and the southern countries would be feasible? several economists have openly discussed this notion of a two-tier system. the northern euro would include the germanic countries and scandinavia, the southern euro the club med countries, spain, italy, portugal and the likes.

france would be shipped abroad, because let's face it, they are dispensable.
I fail to see how that wouldn't lead to the further balkanisation of Europe, which is precisely the thing I'd like to avoid.

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Armstrong says in-competition testing will never catch anyone, only out-of-competition testing and the blood passport can.

Tennis has no blood passport system, and does basically no out of competition testing.

The methods and drugs used by Armstrong in 1999 would work in tennis right now, with zero chance of being caught (not slightly surprising to anyone familiar with the topic, btw).
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post #603 of 1005 (permalink) Old 12-27-2011, 07:03 PM
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Re: Financial clusterfuck in Europe

More likely we'll see the PIGS return to their old currencies. I can't see them forming a southern monetary union.

Germany, Austria, Netherlands, Luxembourg, Slovenia, Slovakia, Finland and Estonia will stick together. France, Belgium and Ireland could go either way.
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post #604 of 1005 (permalink) Old 12-27-2011, 09:53 PM
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Re: Financial clusterfuck in Europe

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I fail to see how that wouldn't lead to the further balkanisation of Europe, which is precisely the thing I'd like to avoid.
Do not underestimate the way in which a further tightening of the euro straight jacket could stimulate conflict. The people in your country and others in the eurozone should be allowed a vote on whether they wish their politicians to sign what could effectively be their nation's economic death certificate.
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post #605 of 1005 (permalink) Old 12-27-2011, 10:54 PM
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Re: Financial clusterfuck in Europe

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Do not underestimate the way in which a further tightening of the euro straight jacket could stimulate conflict. The people in your country and others in the eurozone should be allowed a vote on whether they wish their politicians to sign what could effectively be their nation's economic death certificate.
I want the Euro to go, as I just said.

But for goodness' sake, not to be replaced by a Euro Class 1 and a Euro Class 2...

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Originally Posted by philosophicalarf View Post
Armstrong says in-competition testing will never catch anyone, only out-of-competition testing and the blood passport can.

Tennis has no blood passport system, and does basically no out of competition testing.

The methods and drugs used by Armstrong in 1999 would work in tennis right now, with zero chance of being caught (not slightly surprising to anyone familiar with the topic, btw).
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post #606 of 1005 (permalink) Old 12-28-2011, 03:23 PM Thread Starter
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Re: Financial clusterfuck in Europe

http://www.bloomberg.com/news/2011-1...ns-surged.html

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Spanish Mortgages Decline for the 18th Straight Month as Bad Loans Surged
the weird thing is: now that the housing market of europe's southern fringe is tanking, all of a sudden germany experiences a (so far) mild form of a property boom. home prices are going up all over the place, where i live in the countryside, where my sister lives (berlin), where friends of mine live (frankfurt region), everywhere. prices for farms in east germany have doubled (!) over the past two years. it seems more faux and unsustainable than the boom in spain - at least those guys had pros like weather, coast, culture etc., we have none of that. why would we EVER have a ANY form of a housing bubble!? ireland, iceland, why would they? common sense should have told us something's terribly wrong over there.

it must be in some way protracted ripple effects of a completely fucked up global economy.
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post #607 of 1005 (permalink) Old 12-28-2011, 03:39 PM Thread Starter
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Re: Financial clusterfuck in Europe

according to cspan, art laffer has officially endorsed gingrich and is scheduled to appear on stage with him tonight.

may i remind you what laffer had to say about the state of the economy and upcoming events back in late 2006...



[YOUTUBE]nU3OJ1flxt0[/YOUTUBE]
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post #608 of 1005 (permalink) Old 12-28-2011, 03:44 PM
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Re: Financial clusterfuck in Europe

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Originally Posted by Rrrainer View Post
http://www.bloomberg.com/news/2011-1...ns-surged.html



the weird thing is: now that the housing market of europe's southern fringe is tanking, all of a sudden germany experiences a (so far) mild form of a property boom. home prices are going up all over the place, where i live in the countryside, where my sister lives (berlin), where friends of mine live (frankfurt region), everywhere. prices for farms in east germany have doubled (!) over the past two years. it seems more faux and unsustainable than the boom in spain - at least those guys had pros like weather, coast, culture etc., we have none of that. why would we EVER have a ANY form of a housing bubble!? ireland, iceland, why would they? common sense should have told us something's terribly wrong over there.

it must be in some way protracted ripple effects of a completely fucked up global economy.
cowboys out to make a quick buck...? why are the people buying...? are the people being told to be conservative and save at this time...?

to me, these bubbles seem to be somehow manufactured... little booms and busts that make no sense, but end up enslaving a nation... watching what ireland went thru from 2005 to today was just mesmerising... like you say: where the hell is the value in ireland...?

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why are you so seriously
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post #609 of 1005 (permalink) Old 12-28-2011, 03:48 PM
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Re: Financial clusterfuck in Europe

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Originally Posted by Rrrainer View Post
according to cspan, art laffer has officially endorsed gingrich and is scheduled to appear on stage with him tonight.

may i remind you what laffer had to say about the state of the economy and upcoming events back in late 2006...
CLOWN ALERT!!!

i expect gingrinch's campaign to really hit the shitter here directly

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why are you so seriously
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post #610 of 1005 (permalink) Old 12-28-2011, 04:06 PM Thread Starter
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Re: Financial clusterfuck in Europe

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cowboys out to make a quick buck...? why are the people buying...? are the people being told to be conservative and save at this time...?
i'm not sure. from what i gather many people are simply panicking. by putting all of their money into safe havens like real estate and other hard assets they think they might be able to weather the storm that's about to come. might be one of the reasons why farmland is en vogue again.

the flight to safety could have historical reasons as well. hyperinflation has bankrupted many families during the weimar republic (my great-granddad bought an umbrella for 7 million marks (!) back then). real estate used to be pretty much the only way to make it through that period without suffering major losses.
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post #611 of 1005 (permalink) Old 01-09-2012, 05:09 PM Thread Starter
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Re: Financial clusterfuck in Europe

http://www.cnbc.com/id/45924199

Germany Gets Negative Yield for First Time in Auction

fun while it lasts but this is obviously a mixed blessing, given the interest other €-countries need to pay. eventually the european buck stops in berlin anyways, all it can do is make a detour.
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post #612 of 1005 (permalink) Old 01-09-2012, 05:17 PM
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Re: Financial clusterfuck in Europe

Germany sure does rely on its surrounding economies being weaker than them in order to remain so strong.

Quote:
Originally Posted by philosophicalarf View Post
Armstrong says in-competition testing will never catch anyone, only out-of-competition testing and the blood passport can.

Tennis has no blood passport system, and does basically no out of competition testing.

The methods and drugs used by Armstrong in 1999 would work in tennis right now, with zero chance of being caught (not slightly surprising to anyone familiar with the topic, btw).
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post #613 of 1005 (permalink) Old 01-09-2012, 05:23 PM Thread Starter
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Re: Financial clusterfuck in Europe

yeah, it's just weird. europe is such a huge bunch of individual countries compressed into a WAY too small area. different economies, attitudes, history, politics, habits...culturally i guess there's hardly a region out there more interesting for martians visiting earth. boy, must this continent be exciting for people from out of this planet. but managing the whole mess is just ex-haus-ting.
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post #614 of 1005 (permalink) Old 01-09-2012, 05:58 PM
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Re: Financial clusterfuck in Europe

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yeah, it's just weird. europe is such a huge bunch of individual countries compressed into a WAY too small area. different economies, attitudes, history, politics, habits...culturally i guess there's hardly a region out there more interesting for martians visiting earth. boy, must this continent be exciting for people from out of this planet. but managing the whole mess is just ex-haus-ting.
You have a point. However, on a not-that-much-larger area in the far east and the eastern parts of the Indian ocean you find even more diversity than in Europe.

Quote:
Originally Posted by philosophicalarf View Post
Armstrong says in-competition testing will never catch anyone, only out-of-competition testing and the blood passport can.

Tennis has no blood passport system, and does basically no out of competition testing.

The methods and drugs used by Armstrong in 1999 would work in tennis right now, with zero chance of being caught (not slightly surprising to anyone familiar with the topic, btw).
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post #615 of 1005 (permalink) Old 01-09-2012, 05:58 PM
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Re: Financial clusterfuck in Europe

Rainy, no need to manage it. Let the people run their own economy.

Liberty
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