Page 12 of 16 FirstFirst ... 21011121314 ... LastLast
Results 111 to 120 of 156

Thread: Obama: Solving Euro Crisis of ‘Huge Importance’

  1. #111
    Banned
    Join Date
    Jan 2010
    Location
    Canada, Costa Rica
    Last Seen
    05-16-16 @ 09:45 AM
    Gender
    Lean
    Independent
    Posts
    31,645

    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Europe is screwed and they alone should pay for their screwups.

    Every couple of decades they come up with crazy ideas that leads to nothing but trouble and this is just the latest.

    The US, like Canada, should just let them go. There are many other places in the world to invest and deal with other than the Europeans.

  2. #112
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by Grant View Post
    Europe is screwed and they alone should pay for their screwups.

    Every couple of decades they come up with crazy ideas that leads to nothing but trouble and this is just the latest.

    The US, like Canada, should just let them go. There are many other places in the world to invest and deal with other than the Europeans.
    That would be great if it was possible, but it just isn't. The EU is the biggest economy in the world. Whether or not we invest in them directly, their problems are our problems and v.v.

  3. #113
    Banned
    Join Date
    Jan 2010
    Location
    Canada, Costa Rica
    Last Seen
    05-16-16 @ 09:45 AM
    Gender
    Lean
    Independent
    Posts
    31,645

    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by AdamT View Post
    That would be great if it was possible, but it just isn't. The EU is the biggest economy in the world. Whether or not we invest in them directly, their problems are our problems and v.v.
    It´s hardly the biggest economy in the world if it´s doomed to fail.

    Investing in Europe is like investing in Angola, the US or Bangladesh. Investors want some security for their money in economies led by responsible people. Few serious people would invest their own money in Europe so why should taxpayer dollars be risked? You don´t see responsible countries throwing money at European problems.

    Europe is not going to change unless it is forced to. Those economic illiterates are always being taught the same lesson, over and over again.

  4. #114
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by Grant View Post
    It´s hardly the biggest economy in the world if it´s doomed to fail.

    Investing in Europe is like investing in Angola, the US or Bangladesh. Investors want some security for their money in economies led by responsible people. Few serious people would invest their own money in Europe so why should taxpayer dollars be risked? You don´t see responsible countries throwing money at European problems.

    Europe is not going to change unless it is forced to. Those economic illiterates are always being taught the same lesson, over and over again.
    It is the biggest economy in the world -- full stop.

    Like I said, it doesn't matter if we invest in Europe. They are still a huge economy that impacts every other economy. We have trillions of dollars of trade with the EU every year.
    Last edited by AdamT; 12-04-11 at 05:33 PM.

  5. #115
    Sage
    PeteEU's Avatar
    Join Date
    Mar 2006
    Location
    Denmark
    Last Seen
    12-10-17 @ 07:36 PM
    Gender
    Lean
    Centrist
    Posts
    29,089

    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by AdamT View Post
    It is the biggest economy in the world -- full stop.

    Like I said, it doesn't matter if we invest in Europe. They are still a huge economy that impacts every other economy. We have trillions of dollars of trade with the EU every year.
    Dont feed the troll....
    PeteEU

  6. #116
    Sage
    Lord Tammerlain's Avatar
    Join Date
    Jan 2010
    Last Seen
    Yesterday @ 08:21 PM
    Lean
    Undisclosed
    Posts
    10,432

    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by grip View Post
    That's the whole thing in a nutshell. The economies of the US and Europe were ramped up beyond sustainability by home purchases that ultimately started to default. When the job creation and income of workers resulting from the housing bubble were eliminated countries and states whose budgets were expanded from the extra taxed income over the years became depleted throwing them into debt and over budget. And the derivatives which were way over valued and insured fell through, causing trillions of dollars on paper to become toxic debt.
    That is only true for a few european economies. The Irish, UK, Spain had the home price bubble. Others had government spending issues, (Greece for example). Others like Germany finally absorbed the costs of integrating East Germany and was on a good economic path.

    The Germans are in trouble because they lent to the other economies, a collapse in Europe will lead to a collapse in the US and in Canada. All the banks are tied together through various loans, CDS's and other derivatives
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

  7. #117
    Banned
    Join Date
    Jan 2010
    Location
    Canada, Costa Rica
    Last Seen
    05-16-16 @ 09:45 AM
    Gender
    Lean
    Independent
    Posts
    31,645

    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by AdamT View Post
    It is the biggest economy in the world -- full stop.

    Like I said, it doesn't matter if we invest in Europe. They are still a huge economy that impacts every other economy. We have trillions of dollars of trade with the EU every year.
    It is failing. Perhaps it is the biggest but what does that mean? That is the strongest? The most reliable? Of course not. As we saw with Russia during the Cold War, biggest does not mean much at all.

    In fact the more successful economies are often found countries with lower populations. If you feel that investing in Europe is a good idea then you can do it as a private citizen but I´m very pleased that Canada said No to Europe.

    Harper says no Canadian money for European bailout - World - CBC News

    Keep in mind that the Europeans felt that junk mortgages were a good investment.

  8. #118
    Banned
    Join Date
    Jan 2010
    Location
    Canada, Costa Rica
    Last Seen
    05-16-16 @ 09:45 AM
    Gender
    Lean
    Independent
    Posts
    31,645

    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by Lord Tammerlain View Post
    That is only true for a few european economies. The Irish, UK, Spain had the home price bubble. Others had government spending issues, (Greece for example). Others like Germany finally absorbed the costs of integrating East Germany and was on a good economic path.

    The Germans are in trouble because they lent to the other economies, a collapse in Europe will lead to a collapse in the US and in Canada. All the banks are tied together through various loans, CDS's and other derivatives
    Europe has collapsed in the pŕst, several times in fact, but that hardly effected North America at all. Canadians in particular will do all right. There are many other successful countries in the world and Canada has trade agreements with most of them, in Latin America particularly.

    Yes, the ¨Germans are in trouble because they lent to other economies¨so why should we follow their example?
    Last edited by Grant; 12-04-11 at 05:58 PM.

  9. #119
    Sage
    Lord Tammerlain's Avatar
    Join Date
    Jan 2010
    Last Seen
    Yesterday @ 08:21 PM
    Lean
    Undisclosed
    Posts
    10,432

    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by Grant View Post
    Europe has collapsed in the pŕst, several times in fact, but that hardly effected North America at all. Canadians in particular will do all right. There are many other successful countries in the world and Canada has trade agreements with most of them, in Latin America particularly,
    It is not the trade that matters it is the financial interdependance that does. Canadian and US banks have direct and indirect ties to europe, just as European banks have direct and indirect ties to US and Canada. Should a couple of European countries default, the effect will not be limited to Europe, just as the fallout of Leahman Brothers effected European banks. AIG went belly up in part to CDS's owed to some major European banks. US banks have the same sort of exposure to European debt.


    As for Canada, what happens in China and India are going to be the key. Without their demand for raw materials the Canadian economy would be far worse, and Chjina is going to undergo a couple of rough years very soon. Latin America to Canada is meaningless. We dont export manufactured goods to them, nor much food. They are a more important market to the US, and supply materials to India and China, ie more of a competitor to Canada then a customer
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

  10. #120
    Educator
    Join Date
    Sep 2011
    Location
    ATL
    Last Seen
    07-07-12 @ 09:00 PM
    Lean
    Very Conservative
    Posts
    1,172

    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by AdamT View Post
    It is the biggest economy in the world -- full stop.

    Like I said, it doesn't matter if we invest in Europe. They are still a huge economy that impacts every other economy. We have trillions of dollars of trade with the EU every year.
    Trillions in trade with the EU....really?
    I love the smell of burning moonbat in the morning.

Page 12 of 16 FirstFirst ... 21011121314 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •