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post #856 of 1005 (permalink) Old 05-06-2012, 11:47 AM
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Re: Financial clusterfuck in Europe

Keynesianism is the key. Neoclassical vision is wrong because it stipulates that the market is efficient but it is not at all.
I advocate a good old Keynesian multiplier effect combined with a "soupçon" of Schumpeter ideas.
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post #857 of 1005 (permalink) Old 05-06-2012, 05:57 PM Thread Starter
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Re: Financial clusterfuck in Europe

who's up for a bet?

i'll bet that...

a) ...hollande will (be forced to) nationalize the french banking sector in a way similar to what iceland came up with in 2008.

b) ...hollande will get toppled by the markets within two years, he will be replaced be a monti-like non-elected administrator.

anyone?
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post #858 of 1005 (permalink) Old 05-06-2012, 06:19 PM
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Re: Financial clusterfuck in Europe

so much fail in one post Rrrainer. Slow down.
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post #859 of 1005 (permalink) Old 05-06-2012, 06:46 PM Thread Starter
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Re: Financial clusterfuck in Europe

so you're in?
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post #860 of 1005 (permalink) Old 05-06-2012, 06:57 PM
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Re: Financial clusterfuck in Europe

Quote:
Originally Posted by fast_clay View Post
yes i would agree... and, i think as european national elections roll by one by one well see 'technically possible' change to 'possible'...then later change to something like 'an option'... then, if the shit keeps hitting the fan year upon year like it has, the term 'probable' can be used ...

right now we have a massive campaign in ireland for the YES vote in the upcoming fiscal union treaty, mostly on the basis that it will send a good message to investors that the irish are good boys and girls and won't upset the payment of debt which will in turn promise the growth enabling ireland to make good on that debt... a debt which in fact is not their own, when you consider that when a bank lends money it is actually providing a commercial service that is ITS own responsibility...

there is in fact, an easier way... article 50... sending the existing EU system into collapse, hopefully to be rebuilt in favour of fairer economic models...
Anyway if the Irish say No, they will have to vote again, until they obey (just like Nice & Lisbon).

An easier way but what would be more harmful for the population? Isn't it better to anticipate? I mean, how many people in the EU know about article 50. It could at least be discussed on TV.

Lol at the Harvard students. Where I'm living, nobody's paying any attention to MSM anymore (whether written press editorials or TV). Waste of time. We all inform on the Internet. Their sales figures are dropping massively.

Interesting YT clip, by the way.

Quote:
Originally Posted by Rrrainer
who's up for a bet?

i'll bet that...

a) ...hollande will (be forced to) nationalize the french banking sector in a way similar to what iceland came up with in 2008.

b) ...hollande will get toppled by the markets within two years, he will be replaced be a monti-like non-elected administrator.

anyone?
A means Euro exit, no? Unlikely.

B is partly what Sapir predicts. Hollande won't hold on for more than 2 years. However the French constitution clearly states that if a President resigns he's replaced by the President of the Senate (who is not a GS man) until the next elections. So?
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post #861 of 1005 (permalink) Old 05-06-2012, 07:28 PM
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Re: Financial clusterfuck in Europe

Quote:
Originally Posted by Rrrainer View Post
who's up for a bet?

i'll bet that...

a) ...hollande will (be forced to) nationalize the french banking sector in a way similar to what iceland came up with in 2008.

b) ...hollande will get toppled by the markets within two years, he will be replaced be a monti-like non-elected administrator.

anyone?
I'm so in, as long as a) means only France does it, or only France of the big countries.

What are we betting for?
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post #862 of 1005 (permalink) Old 05-06-2012, 09:17 PM Thread Starter
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Re: Financial clusterfuck in Europe

i don't know, vcash? i gotta admit that means nothing to me, but i take it most mtf members cherish it.

Quote:
I'm so in, as long as a) means only France does it, or only France of the big countries.
the highlighted part, please. nobody knows what kind of slapstick the new greek government has in store for us.

*edit: and define "big" pls.
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post #863 of 1005 (permalink) Old 05-06-2012, 09:19 PM
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Re: Financial clusterfuck in Europe

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Originally Posted by Rrrainer View Post
i don't know, vcash? i gotta admit that means nothing to me, but i take it most mtf members cherish it.



the highlighted part, please. nobody knows what kind of slapstick the new greek government has in store for us.

*edit: and define "big" pls.
Fra, Ger, Ita, Esp.

I couldn't care less about vcash. Let's make it a beer, a real one. We don't live that far from each other after all do we?

Last edited by Har-Tru; 05-06-2012 at 09:40 PM. Reason: just added a missing "it", not cheating :p
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post #864 of 1005 (permalink) Old 05-06-2012, 09:32 PM Thread Starter
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Re: Financial clusterfuck in Europe

deal. what time frame? 12 months, starting today?
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post #865 of 1005 (permalink) Old 05-06-2012, 09:39 PM
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Re: Financial clusterfuck in Europe

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post #866 of 1005 (permalink) Old 05-06-2012, 09:49 PM Thread Starter
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Re: Financial clusterfuck in Europe

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post #867 of 1005 (permalink) Old 05-06-2012, 10:04 PM
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Re: Financial clusterfuck in Europe

Easiest beer ever for Har-Tru.
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post #868 of 1005 (permalink) Old 05-07-2012, 01:25 AM
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Re: Financial clusterfuck in Europe

Don't know if elections make much difference these days. Hollande will be just as big a populist as Sarkozy, maybe without the reckless immigration clamp down.
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post #869 of 1005 (permalink) Old 05-07-2012, 01:26 AM
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Re: Financial clusterfuck in Europe

Quote:
Originally Posted by Jimnik View Post
Don't know if elections make much difference these days. Hollande will be just as big a populist as Sarkozy, maybe without the reckless immigration clamp down.
Exactly, people / parties don't matter really. Policies do.

Nadal's arms strong!
Proof: http://i.imgur.com/Qcw2v1Z.jpg
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post #870 of 1005 (permalink) Old 05-07-2012, 02:54 PM
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Re: Financial clusterfuck in Europe

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Originally Posted by Echoes View Post
Anyway if the Irish say No, they will have to vote again, until they obey (just like Nice & Lisbon).
yeah, if no, i wonder if we will have the extreme pleasure of Hollande presenting himself on irish soil preaching the virtues of the EU like Sarkozy did...

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why are you so seriously
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