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ECB and Inflation

Started by The Minsky Moment, November 06, 2013, 02:06:33 PM

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Razgovory

#645
June 30, 2015, 07:41:57 PM
Character assassination is odd thing to say when I point out Belgium doesn't pay it's share of defense spending.  And morality is an odd way of looking at things when Greece's chief crime was being in to small a boat to survive the wave.
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

Razgovory

#646
June 30, 2015, 07:44:01 PM
Quote from: jimmy olsen on June 30, 2015, 07:39:00 PM
I don't think they're going to make their goal. :(

Kicktarter Greek Bailout

They should have spelled Kickstarter right if they wanted more people to see it.  Also, actually put it on Kickstarter.
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

Admiral Yi

#647
June 30, 2015, 07:44:41 PM
Quote from: Razgovory on June 30, 2015, 07:41:57 PM
Character assassination is odd thing to say when I point out Belgium doesn't pay it's share of defense spending.  And morality is an odd way of looking at things when Greece's chief crime was being in to small a boat to survive the wave.

Greece's chief crime was borrowing more money than they could repay.  Or were willing to pay.

Razgovory

#648
June 30, 2015, 07:47:00 PM
Quote from: Admiral Yi on June 30, 2015, 07:44:41 PM
Quote from: Razgovory on June 30, 2015, 07:41:57 PM
Character assassination is odd thing to say when I point out Belgium doesn't pay it's share of defense spending.  And morality is an odd way of looking at things when Greece's chief crime was being in to small a boat to survive the wave.

Greece's chief crime was borrowing more money than they could repay.  Or were willing to pay.

The same crisis hit Ireland as well,  what was their crime?  Greece did borrow a lot of money, but that wasn't what caused it go under.
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

Admiral Yi

#649
June 30, 2015, 07:51:15 PM
Quote from: Razgovory on June 30, 2015, 07:47:00 PM
The same crisis hit Ireland as well,  what was their crime?  Greece did borrow a lot of money, but that wasn't what caused it go under.

Ireland's crime was not watching their banks.

What caused Greece to go under Raz?

Razgovory

#650
June 30, 2015, 07:55:28 PM
Quote from: Admiral Yi on June 30, 2015, 07:51:15 PM
Quote from: Razgovory on June 30, 2015, 07:47:00 PM
The same crisis hit Ireland as well,  what was their crime?  Greece did borrow a lot of money, but that wasn't what caused it go under.

Ireland's crime was not watching their banks.

What caused Greece to go under Raz?

The 2008 financial crisis and following recession.  It was a big wave and smaller nations with small economy had their boats overturned.
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

Admiral Yi

#651
June 30, 2015, 07:57:27 PM
Right.  The George Bush theory of original sin.   :D

Razgovory

#652
June 30, 2015, 07:58:36 PM
Quote from: Admiral Yi on June 30, 2015, 07:57:27 PM
Right.  The George Bush theory of original sin.   :D

Are you suggesting that it's just some coincidence that these economies fell apart in 2008?
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

Admiral Yi

#653
June 30, 2015, 07:59:46 PM
Quote from: Razgovory on June 30, 2015, 07:58:36 PM
Are you suggesting that it's just some coincidence that these economies fell apart in 2008?

I'm suggesting that when a country has 130% debt and a 19% deficit it's only a matter of time.

Razgovory

#654
June 30, 2015, 08:00:48 PM
Quote from: Admiral Yi on June 30, 2015, 07:59:46 PM
Quote from: Razgovory on June 30, 2015, 07:58:36 PM
Are you suggesting that it's just some coincidence that these economies fell apart in 2008?

I'm suggesting that when a country has 130% debt and a 19% deficit it's only a matter of time.


Did Ireland have 130% debt and 19% deficit prior to the collapse?
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

Admiral Yi

#655
June 30, 2015, 08:02:34 PM
Quote from: Razgovory on June 30, 2015, 08:00:48 PM
Did Ireland have 130% debt and 19% deficit prior to the collapse?

I think Ireland had an even crazier debt/GDP after it bailed out its banks' creditors.

Razgovory

#656
June 30, 2015, 08:03:17 PM
But not before?
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

Admiral Yi

#657
June 30, 2015, 08:05:11 PM
No.

Razgovory

#658
June 30, 2015, 08:08:46 PM
So it's just a coincidence that Ireland and Greece both had economic trouble at the exact same time?  Along with the other small economies of Europe.  That "Matter of time" just happened to hit all at once?  No external stimuli?
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

Admiral Yi

#659
June 30, 2015, 08:10:40 PM
There was definitely a relation with Teh World's Greatest Recession.
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