Sovereign debt bubble thread

[Jacob]

What an absolutely appalling display of ignorance on your part. 

Well... he didn't display it, did he? He mostly listened.

[Barrister]

What an absolutely appalling display of ignorance on your part. 

Well... he didn't display it, did he? He mostly listened.

'Twas a joke Jake. 

[Jacob]

'Twas a joke Jake.

Yes. It was.

[Admiral Yi]

Inflation has fallen to 1.2% in the Eurozone. That leaves a lot of room to print money to write off bad debt.

It certainly does. Like I said, knock yourselves out.  I've got no skin in the game.

[The Minsky Moment]

I don't deny it, I need a reading list.   

Try Jeffrey Williamson and Robert C. Allen.

[mongers]

I don't deny it, I need a reading list.   

Try Jeffrey Williamson and Robert C. Allen.

Thanks t's a start, but I should point out I know next to nothing about the British economics of the period 1750-1900. And my knowledge of the political and social history is only slightly better.

It's odd as I was reading about the swing riots, corn laws and so forth the other day and thinking to myself, this is both an interesting and quite important period, I should know more and a few days later I'm chatting with this guy/professor whose area of expertise in early 19th century British economic history.   

[The Minsky Moment]

This is a pretty low difficulty factor book that covers the period, focusing on trade: http://www.amazon.com/War-Wine-Taxes-Political-Anglo-French/dp/0691129177

[mongers]

This is a pretty low difficulty factor book that covers the period, focusing on trade: http://www.amazon.com/War-Wine-Taxes-Political-Anglo-French/dp/0691129177

Thanks for that, I'll look into it, I note it's on one of your favourite 'subjects'

[Iormlund]

So it is completely unthinkable that the next three quarters have unemployment at 26.9%? That's not really such a great achievement and it would be all that's needed to make the prognosis true. Just takes some more workers in tourism and agriculture in summer and it works out.

I guess it could happen (actually last month's employment went up by 46k most likely due to Easter). However summer tourist season hasn't been enough to compensate the negative trend of the rest of the economy during the crisis (only mildly during the hopeful 2010).

[Iormlund]

I spent a couple hours this afternoon at a European job fair. About a hundred job seekers while I was there, pretty much all engineers by the look of it (most under 40 years old).

Busiest stands by far: Denmark and Norway.

The German stand was virtually empty and, unlike the Scandies, the staff was not particularly helpful.

[Phillip V]

Busiest stands by far: Denmark and Norway.

The German stand was virtually empty and, unlike the Scandies, the staff was not particularly helpful.

Find success where nobody else wants to go.

[Iormlund]

I'm guessing it's mostly down to the language barrier. The first thing the Germans asked was 'sprechen Sie Deutsch?' while the Scandies merely looked hungrily at you and said: 'so, my dear, what kind of engineer are you?'

My problem with the German (and Dutch) delegations is they weren't able to tell me how would I be able to deal with my condition. The Scandies, OTOH, were very straightforward: In Norway you are entitled to full coverage once you've worked 4 weeks. In Denmark, as soon as you have a signed contract.

[Phillip V]

My current employer hired me on the condition that they provide me no health coverage.

[fhdz]

My current employer hired me on the condition that they provide me no health coverage.

That's going to become more and more common, thanks to Obamacare.

[Iormlund]

If current estimates prove to be true* and the trend holds, over 15% of the workforce will be pretty much unemployable by the time firms start hiring again.



*