It looks pretty strong to me: https://tradingeconomics.com/europea...gdp-per-capitaOriginally Posted by Witton Park
It looks pretty strong to me: https://tradingeconomics.com/europea...gdp-per-capita
Which is the problem with EU collective figures and propaganda. Remainers dont research it.
It works well for Germany and some northern states at the expense of all the rest. The fourth reich is doing well thanks. But italy GDP per capita is still only what it was when it joined the euro. No growth at all. Negative if you allow for inflation. Italy has no means to recover or even to halt the increase in debt to GDP. Nor does greece..etc. Youth unemployment is 40% in much of southern europe. Minimum wage earners earn less but unlike here are taxed.
That is why the euro is doomed. The losers have no way to recover. The imbalance capital flows and bond yields in the poor economies are unsustainable. The ECB will hit the buffers, certainly when a german takes over in november and enforces the silly rules. Brussels will not advertise it for obvious reasons..
Italy stopped growing precisely because and when it joined the euro in 1998
https://tradingeconomics.com/italy/gdp-per-capita
Last edited by Oracle; 07-03-2019 at 02:33 PM.
Question Time might be worth watching tonight. There are two Brexiteers on the panel, Dominic Raab and The Times columnist Ian Martin. Often our "impartial" state broadcaster likes to have a 4:1 Remain bias so it will be nice to almost have parity. Loud mouthed lefty half-wit Owen Jones is also supposed to be on the panel so it might get quite feisty.
And I voted remain based on cultural reasons, the idea of being part of a closer European Union (the economic advantages were to a certain extent icing on the cake). But never mind me and you WP, in the round the Financial Times’s point was correct
Last edited by Stolly; 07-03-2019 at 02:52 PM.
If you break it down Noel, go to the "max" graph that gives you 4 blocks of 11 years starting 1969 through to 2013.
1 = 37%
2 = 25%
3 = 26%
4 = 8.5%
for each of the 11 year periods.
even if you extend the final 11 year block to end of period it only gives you a 15% increase over the longest period.
That looks to me like there has been a slowing since Maastricht, something I've said previously. The USA has grown GDP by almost double the Eurozone since Maastricht.
Richard Taylor
"William Tell could take an apple off your head. Taylor could take out a processed pea."
Sid Waddell
Thanks for the heads up. I thought inviting brexiteers was against the corporation credo.
Owen Jones , I cannot stand the man. He no longer even attempts objective journalism as a Corbyn sycophant. or is that sickophant? I was somewhat amused when Andrew Neill questioned him on twitteras to why Owen had sold his soul to a Labour head office who had nothing but contempt for Jones! It pointed out that Neill still knew Milne who was a one time subordinate of his, so he knew exactly what they thought of Jones! Useful idiot springs to mind..
Last edited by Oracle; 07-03-2019 at 02:59 PM.
Was it really. Too many articles including seemingly this , ascribe false motives to the opposite faction , based only on confirmation bias of the authors own standpoint.
Last edited by Oracle; 07-03-2019 at 03:00 PM.
Whilst every single thing you say isn’t to confirm the bias of your standpoint? 🤔
Perhaps.
But I do have both : 100 percent failure of every single currency union in europe and elswhere in history to back me up, and also the overwhelming weight of economic opinion on my sidewhen I say the eurozone is screwed beyond repair.
What was once a niche opinion ten years ago, was reinforced by weighty analysis of such as Hans Werners Sim, and now is mainstream opinion. Shared even by varoufakis and Stiglitz and Soros even today. When Soros and varoufakis agree, you know it will be bad! Brussels go all quiet if you ever mention Target 2
But I dont mind being in the minority. For three years before the last financial crisis I was saying it was inevitable. Just like the euro now.
So now a heads up to the medium future. Worst of all the dollar will crash and will make 1929 look like a picnic, because ever since the 2007 crisis the Fed has prescribed ever increasing amounts of the very medicine that made the patient sick in the first place to the point there is now way back. The curse of cheap money. US bond purchase over subscribe is now the lowest it has ever been. Sub prime auto is now as bad as sub prime property ever was.
And now a niche opinion, which will become mainstream. Before that Australian and Chinese banks will crash because of the property bubbles in those caused by cheap money which could be the catalyst for the US crash. The bubble in china is just like it was in 2006 in the states. The rental yield in australia is laughably much lower than mortgage rates. There is also money to be made in property in Germany at present because of the dysfunctionality of the euro. But not for long.
You heard it here first!
Last edited by Oracle; 07-03-2019 at 03:28 PM.
Generally frowned upon I think. If you subscribe to the Telegraph this is a good article. It mentions the often 4:1 Remain bias. It is the same with other BBC programmes where Remainers regularly outnumber Leavers.
https://www.telegraph.co.uk/opinion/...brexit-debate/
Yes he is an idiot. Given his previous gushing praise for its leadership I'd love it if a member of the audience asked about Venezuela.Owen Jones , I cannot stand the man.
Posting Permissions
Reply With Quote