Is the end nigh for the Euro? [vol. 3]
Discussion
Andy Zarse said:
Unfortunately our political class and big business cartels have hamstrung us via its concentration on - and obsession with - Europe. In my opinion the EU is an insular, backward-looking solution to a problem which ceased to exist in about 1990.
This is not especially an anti-European point as many EU countries have long been our friends and I hope that they remain so. However, it is a strong indicator that we have been ignoring the rest of the world, much to our cost. The EU prevents the UK from signing Free Trade agreements with other countries; I am certain that if we had, we would now be far far better off as a nation.
I think the point regarding big business is significant. Both main parties are effectively 'owned'.This is not especially an anti-European point as many EU countries have long been our friends and I hope that they remain so. However, it is a strong indicator that we have been ignoring the rest of the world, much to our cost. The EU prevents the UK from signing Free Trade agreements with other countries; I am certain that if we had, we would now be far far better off as a nation.
Mermaid said:
Nice Euro bounce against GBP last few fortnight - almost 3%, reversing the fall in the prior fortnight. Volatile markets.
My last exposure to the nonsense was back in 2009. Never again. RDMcG said:
Mermaid said:
US Ten year note below 2% earlier on today, US Bund about 0.75% - Greece ten times as much - arbitrage
http://www.bloomberg.com/news/2014-10-15/world-economy-gives-investors-growth-scare-as-eyes-focus-on-u-s-.htmlRemind me again who's been doing the trillion Y QE?
Oh and MNI reports that Greece PM Samaras has called an emergency Cabinet meeting for Wednesday evening amid market worries for Greece's future...
Edited by Andy Zarse on Wednesday 15th October 21:59
Gargamel said:
Deflation if you have big debts and negative growth is going to be extremly tricky to manage.
Yep..your debts keep growing in value. People unlikely to buy houses as the real value of debt increases relative to the asset.. Same issue with countries...declining tax revenues to service the debt. We are getting a tad too close to that for comfort.coyft said:
Funny old world when price increases are preferred to decreases. I wouldn't worry though, central banks are never going to let that happen. We're now QE and ZIRP junkies, we'll get our fix,
Germany not so healthy - will need to get those Heidelberg machines running.http://www.davidmcwilliams.ie/2014/10/16/what-happ...
Andy Zarse said:
Digga said:
Mermaid said:
Germany not so healthy - will need to get those Heidelberg machines running.
Which set of plates to use, EUR or DM?Digga said:
Andy Zarse said:
Digga said:
Mermaid said:
Germany not so healthy - will need to get those Heidelberg machines running.
Which set of plates to use, EUR or DM?turbobloke said:
Digga said:
Andy Zarse said:
Digga said:
Mermaid said:
Germany not so healthy - will need to get those Heidelberg machines running.
Which set of plates to use, EUR or DM?Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff