September 23, 201213 yr Author France's economy looks to be tanking with production figures going in exactly the wrong direction. This is hardly surprising when you consider the percentage of workers who work in their public sector and what is everyone trying to cut and rebalance now-a-days?FEO.bmpI know from first-hand experience just how difficult it is to start a new small business in France, best thing to do........FGI.bmp
September 27, 201213 yr Author Idiot!http://www.dailymail.co.uk/news/article-2209303/Lord-Mandelson-Britain-ready-join-Euro-10-years.html
September 30, 201213 yr Good idea....................Only thing that would change is the amount of expenses that is "Fiddled"
September 30, 201213 yr Only thing that would change is the amount of expenses that is "Fiddled"Foxy for PM!
October 11, 201213 yr Author (Reuters) - Greece's unemployment rate hit a new record in July with one in four now out of work, like in Spain, as a crippling recession and austerity measures continued to take a toll on the labour market.Unemployment rose for a 35th consecutive month to 25.1 percent in July, more than double the euro zone average and up from a revised 24.8 percent in June, Greece's statistics service ELSTAT said on Thursday.The jobless rate has more than tripled since the debt-laden country's five-year recession began in 2008 and now stands at 54 percent for those aged between 15 and 24 years, compared with 22 percent in July 2008.
October 11, 201213 yr Author And of course the Iberian experience...........http://www.bbc.co.uk/news/business-19905747
October 22, 201213 yr Author Worth a read for anyone looking to stay up…………especially GGG!Basically get rid of the current corrupt capitalist money supply and replace with a more social one. http://www.imf.org/external/pubs/ft/wp/2012/wp12202.pdf
October 25, 201213 yr Author Here's the latest result from one of the biggest Euro banks Santander. Incidentally this was the bank urging West Bedlington town Council to place their capital reserves with them! Hope someone was listening!http://www.businessweek.com/news/2012-10-25/santander-profit-plunges-on-spain-property-purge-as-u-dot-k-dot-slumps
October 26, 201213 yr Author International Monetary Fund (IMF) report to the Eurogroup Working Group (EWG)....... "It is clear that Greece is off track and there is no chance they will cut the debt to 120 percent of GDP in 2020 as envisaged. It will be rather 136%. New prior actions will be needed, on top of the existing [ones] before any new tranches of Eurozone and IMF emergency loans to Greece can be paid."Hang onto your hats………………
October 26, 201213 yr Author Looks like moves afoot on gold..............Germany want to repatriate theirs and ECB might make private holdings illegal in Euro land! Never mind the UK is out of recession..............just who do these half wits think they are kidding?
October 26, 201213 yr Looks like moves afoot on gold..............Germany want to repatriate theirs and ECB might make private holdings illegal in Euro land! Never mind the UK is out of recession..............just who do these half wits think they are kidding?Themselves?
October 29, 201213 yr Author http://www.journallive.co.uk/north-east-news/todays-news/2012/10/27/north-east-house-prices-fall-as-the-divide-widens-61634-32112963/
October 29, 201213 yr Author http://www.nytimes.com/2012/10/28/world/europe/list-of-swiss-accounts-turns-up-the-heat-in-greece.html
October 29, 201213 yr Author http://www.reuters.com/article/2012/10/29/spain-retail-idUSL5E8LT3TY20121029
November 22, 201213 yr Author You know when the Eurobods say they only politely put up with the UK………..Take a look at these UK and Euro land trade figures………We should be seen as the favourite uncle! Our trade in goods with the 27 nations of the European Union2009 -£37.9 billion2010 -£44.1 billion2011 -£43.3 billion
December 21, 201213 yr Author Anyone have a clue why Gold has dropped so spectacularly? Looks like a concerted action to get gold down at the end of the year, with a clear message, invest in fiat paper products! Fiscal cliff...........must be a slight undulation in the road.
December 23, 201213 yr Author Like this from ZH,'Finally, we must question the morality of Fed programs that trick people (as if they were Pavlov's dogs) into behaviors that are adverse to their own long-term best interest. What kind of government entity cajoles savers to spend, when years of under-saving and over-spending have left the consumer in terrible shape? What kind of entity tricks its citizens into paying higher and higher prices to buy stocks? What kind of entity drives the return on retiree's savings to zero for seven years (2008-2015 and counting) in order to rescue poorly managed banks? Not the kind that should play this large a role in the economy.'Yet somehow we allow it to happen?
December 25, 201213 yr Author Oh dear........happy 2013........not for some...........http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9763716/More-retail-casualties-as-Christmas-trading-unwinds-says-Begbies-Traynor.html
December 27, 201213 yr Author Worth the read if anyone has the stoicism...... http://www.scribd.com/doc/117792941/BCG-Ending-the-Era-of-Ponzi-Finance-Jan-2013
December 30, 201213 yr Author Father of the EU? http://uk.news.yahoo.com/britain-leave-eu-former-commission-chief-delors-112759572.html#fZrcO4t
January 4, 201313 yr Author So the Yank have swerved away from the 'fiscal cliff' again……….no they haven't they have just put off their day of reckoning, and everyone else's! Last thing the world needs at the moment is the biggest bankrupt to go legit! Wouldn't be surprised if China had a hand in this because it's only the likes of the still over extended American consumer keeping China afloat too. Would still like to ask Hank what happened to that 900B dollar TARP?BTW, looks like China is starting to roll out her own world first reserve trading currency! Yanks won't like that; Saddam was the last one to try that trick! Back to Euroland and the PIGS are buying their own debt with their own structural reserves. Spain for example is buying her own bonds with her Social Security Reserve Fund, anyone else see a problem there soon? When that pack of cards folds…. no pensions, no healthcare, no education………..€62B and counting!The UK is no better £200B and counting into QE to keep bankers in the lifestyles they have become accustomed to. All that issued as real debt yet we still have to borrow more to pay day to day expenses.Two ways to repay debt either cut your expenses, live frugally and repay it out of the savings or earn more and repay it out of increased earnings. Doing both is just an amalgam of the two! We are doing neither…………Only one way this can end now!
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