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Thread: Contagion hits Portugal as Ireland dithers on rescue

  1. #11
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    Re: Contagion hits Portugal as Ireland dithers on rescue

    Quote Originally Posted by PeteEU View Post
    Not really. Most European economies pre crisis were near balance or in surplus,.... something the US has not seen for decades. Heck Spain had surplus on its finances the last decade plus, even with 10% unemployment.

    And fiscal responsibility has never been a right wing thing, especially the Yankee version.
    Se the heading Peu? It says "Contagion hits Portugal as Ireland dithers on rescue"

    It has nothing to do do with the "Yankees".

    So everything is fine with the PIIGS, huh? That's good news.

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    Re: Contagion hits Portugal as Ireland dithers on rescue


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    Re: Contagion hits Portugal as Ireland dithers on rescue

    Quote Originally Posted by The Prof View Post
    "We saw it with Greece and the unhelpful way of solving the Greek problem and we saw it again with Ireland and some very unhelpful comments out of Germany," she said. "We really need to get to a modus operandi."

    Lots of "unhelpful" happenings going on over there. I can see why the Germans are making a few unhelpful comments, seeing as how they'll be paying for a lot of it.

    Although it will cost 500 Billion Euroes in Spains case I understand that a billion is less over there than it is in the US. That's good news.

    Overall though, the gain is Spain is plainly on the wane.

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    Re: Contagion hits Portugal as Ireland dithers on rescue

    Quote Originally Posted by Grant View Post
    the gain in Spain is plainly on the wane.
    damn, i wish i said that

    LOL!

    meanwhile, closer to home, today:

    FT.com / US / Economy & Fed - Pessimistic Fed to slash growth forecasts

    this, after 600B of qe by bernanke, which announcement 2 days before the bonehead's embarkation to korea killed all g20 cooperation on chinese currency (smooth move, team)

    this, after 862B of stimu...

    we're not allowed to say the suddenly obscene s-word any more, at least obama never uses it

    Just don't call it a 'stimulus' - Alexander Burns - POLITICO.com

    this, after 2 years of hamp, home affordability mortgage modification---half of whose recipients have ALREADY redefaulted

    Half of U.S. Home Loan Modifications Default Again (Update1) - Bloomberg

    this, after punting on the most central, fundamental, basic question, the foundation of every president's relationship with his or her american people, the united states income tax

    which is set to explode on every american, on average earners by some $4000 or so per year

    it's inexcusable

    40 days and counting...

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    Re: Contagion hits Portugal as Ireland dithers on rescue

    Quote Originally Posted by PeteEU View Post
    I see.. and yours is all roses and peachy right?
    I did not say that. We are all in this ****storm together.
    "For what is Evil but Good-tortured by its own hunger and thirst?"
    - Khalil Gibran

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    Re: Contagion hits Portugal as Ireland dithers on rescue

    Quote Originally Posted by PeteEU View Post
    I see.. and yours is all roses and peachy right?
    No, thanks to people like you.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Contagion hits Portugal as Ireland dithers on rescue

    Quote Originally Posted by American View Post
    No, thanks to people like you.
    OH? So who was it that pushed through the deregulation that made it possible? Who was in power for 10 years but did nothing? Oh yea.. people like YOU.
    PeteEU

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    Re: Contagion hits Portugal as Ireland dithers on rescue

    Quote Originally Posted by The Prof View Post
    So you believe the words of a speculator who will make a ton of money on the misery of others? How very right wing of you..

    You do know that Spain has less debt than the US and UK? You do know that Spain has a less deficit than the UK and US right? Only problem Spain has is high unemployment, but it is not the first time.
    PeteEU

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    Re: Contagion hits Portugal as Ireland dithers on rescue

    Quote Originally Posted by PeteEU View Post
    So you believe the words of a speculator who will make a ton of money on the misery of others? How very right wing of you..

    You do know that Spain has less debt than the US and UK? You do know that Spain has a less deficit than the UK and US right? Only problem Spain has is high unemployment, but it is not the first time.
    You do know that you're going down?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Contagion hits Portugal as Ireland dithers on rescue

    Quote Originally Posted by PeteEU View Post
    OH? So who was it that pushed through the deregulation that made it possible? Who was in power for 10 years but did nothing? Oh yea.. people like YOU.
    That's not what did it, it was a law modification during the 1990's. But you wouldn't know anything about that.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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