Economic storm this weekend?
Jul 24th 2012, 8:30 am
#61
Joined on April fools day
Joined: Apr 2012
Location: 30 miles from a decent grocery store.
Posts: 10,642
Jul 24th 2012, 8:37 am
#62
Banned
Joined: Feb 2011
Location: Mallorca
Posts: 19,367
Re: Economic storm this weekend?
A lot of countries are seething with indignity at the markets, and credit rating agencies; countries like the US, the UK, Germany, Spain and France. Mostly they are seething because the free markets don't believe the lies of their politicians.
The EU pumps money into Spain, thinking it will calm the markets, who promptly raise Spain's borrowing rates to 7.5%, an impossible level.
The US prints more monopoly money and is flooded with imports from China, while the cheeky Chinese refuse to lower the Yuan and try to buy up large chunks of the US.
The EU pumps money into Spain, thinking it will calm the markets, who promptly raise Spain's borrowing rates to 7.5%, an impossible level.
The US prints more monopoly money and is flooded with imports from China, while the cheeky Chinese refuse to lower the Yuan and try to buy up large chunks of the US.
We want them to tell us what we want to hear, because if they told us the truth, we'd revolt and demand their heads.
Well, at the moment it appears there are more Euros being printed than dollars. Down near 1.20 yesterday.
Jul 24th 2012, 8:39 am
#63
Joined on April fools day
Joined: Apr 2012
Location: 30 miles from a decent grocery store.
Posts: 10,642
Re: Economic storm this weekend?
Whether you believe politicians or not, they all have an impossible job. Not defending them, but really, it's us, the public, who are the least interested in reality.
We want them to tell us what we want to hear, because if they told us the truth, we'd revolt and demand their heads.
Well, at the moment it appears there are more Euros being printed than dollars. Down near 1.20 yesterday.
We want them to tell us what we want to hear, because if they told us the truth, we'd revolt and demand their heads.
Well, at the moment it appears there are more Euros being printed than dollars. Down near 1.20 yesterday.
Jul 24th 2012, 8:46 pm
#64
Lost in BE Cyberspace
Joined: Jun 2005
Location: Puente Esuri
Posts: 6,904
Re: Economic storm this weekend?
State Pension arrived on schedule today I find it difficult to believe but the exchange rate was 1.2908 according to all the sites I look at the best in the last few days was 1.2882 so well done the treasury!
Jul 27th 2012, 9:33 am
#65
Straw Man.
Joined: Aug 2006
Location: That, there, that's not my post count... nothing to see here, move along.
Posts: 46,302
Re: Economic storm this weekend?
I know the reasons are complicated but its ain't good, not on any level!
"Europe's largest bank Santander sees profits cut in half because of toxic property loans"
"Europe's largest bank Santander sees profits cut in half because of toxic property loans"
