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Thread: Spain jobless hits 12-year high

  1. #11
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    Re: Spain jobless hits 12-year high

    Quote Originally Posted by bhkad View Post
    In the forum where I first began posting in 2004 I often warned of the dangers of a massive disruption in oil coming from the M.E. And how if it was large enough it would adversely affect our trading partners and us and because all the Western economies are interdependent. And that the fall of one could trigger the fall of all.

    Some of the kiddies didn't believe me then.

    By now we all have seen Europe's economies shudder from the problems here.

    Maybe the gamers believe me now.
    You realize that "disruption in oil" had absolutely nothing to do with the current economic situation, right?

    I just don't understand why you posted that.
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    Re: Spain jobless hits 12-year high

    Quote Originally Posted by RightinNYC View Post
    You realize that "disruption in oil" had absolutely nothing to do with the current economic situation, right?

    I just don't understand why you posted that.
    But overconsumption and consumption(because of China) which is rising faster than supply is also part of the economic overall trouble.
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    Re: Spain jobless hits 12-year high

    Quote Originally Posted by Maximus Zeebra View Post
    But overconsumption and consumption(because of China) which is rising faster than supply is also part of the economic overall trouble.
    Which is why oil is $40/bbl
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

  4. #14
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    Re: Spain jobless hits 12-year high

    Quote Originally Posted by RightinNYC View Post
    Which is why oil is $40/bbl
    As a result of the economic crisis and falling demand.. It could rise to about 75$ pretty fast.
    Europe is illegally occupied by the US

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    Re: Spain jobless hits 12-year high

    Spain's economy has been in some form of crap since the Civil War!

    Kinda like saying Italy's government collapsed..again. Barring Bersculoni its been a national past time since Mussolini fell.

    I suppose its news.

    zz






    ..if some of you are going to play the OIL routine(what is that your generations crutch for everything??) at the very least apply the cause to Russia......and if you don't know why then don't use the OIL routine at all tyvm.
    Last edited by Triad; 01-09-09 at 09:07 PM.

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    Re: Spain jobless hits 12-year high

    Quote Originally Posted by Triad View Post
    Spain's economy has been in some form of crap since the Civil War!

    Kinda like saying Italy's government collapsed..again. Barring Bersculoni its been a national past time since Mussolini fell.

    I suppose its news.

    zz


    ..if some of you are going to play the OIL routine(what is that your generations crutch for everything??) at the very least apply the cause to Russia......and if you don't know why then don't use the OIL routine at all tyvm.
    The Spanish economy has been booming for 30 years. Thats not crap at all. Spanish companies are some of the best capitalized companies in the world, with the most healthy business models. Take Banco santander for example(solid global business and buying up banks now during the crisis), never hit any problems during the financial and bank sector meltdown, take telefonica, one of the worlds biggest telecoms operators, solid business, expanding its business all around the world.. Spains economy was fine, just not diverse enough to handle a world economic crisis that well.
    Europe is illegally occupied by the US

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    Re: Spain jobless hits 12-year high

    Spain is one of the worlds top 10 biggest economies (nr 8 last I looked).. even bigger than Italy. 30 years ago it was not even in top 30. So...
    PeteEU

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    Re: Spain jobless hits 12-year high

    Quote Originally Posted by Maximus Zeebra View Post
    BBC NEWS | Business | Spain jobless hits 12-year high

    This is very worrying for Spain, but really it only proves that the economy is not diverse enough, having no non-service industry sector worth mentioning for example.
    The Spanish economy is typical of an economy that will fare well in good times and collapse broadly in bad times since its activities are based around tourism, property and such things.


    Yet, European unemployment rates remain resilient only climbing 1% the last year, as compared with the US for example where unemployment rates have risen almost 3% in the same period.

    For Europe its interesting to break it into regions..
    Eastern Europe, except Poland have seen a great number of rise in unemployment, while most western European countries with exception of Ireland, Spain, the UK and Sweden have actually seen a reduction in the rate or no change.
    http://epp.eurostat.ec.europa.eu/pls...2009-EN-AP.PDF
    It makes for very interesting numbers to chew on..
    France(+0.1%)
    Germany(-0.9%)

    But these numbers are until November only. It will be interesting to see further development. My hope is that they can stay resilient, but analyzes tells me otherwise.
    Doh I was going to go looking for work in Spain this summer. Looks like my chances wouldnt look good.

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    Re: Spain jobless hits 12-year high

    Quote Originally Posted by PeteEU View Post
    Spain is one of the worlds top 10 biggest economies (nr 8 last I looked).. even bigger than Italy. 30 years ago it was not even in top 30. So...
    Must be all the muslims that brought in business.
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  10. #20
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    Re: Spain jobless hits 12-year high

    Quote Originally Posted by Red_Dave View Post
    Doh I was going to go looking for work in Spain this summer. Looks like my chances wouldnt look good.
    They are as long as you dont look for construction jobs

    I work in Spain btw.
    Europe is illegally occupied by the US

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