Vsnares.Zappa said:

world war 3.....

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Costs me a grand.

muh

Greece destroyed germanys debt at one time in history

now return the favour ;o

*hides* 

qman said:

Greece should dump the Euro and go back to its own currency, let tourism bring the country back to life.

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Shins said:

qman said:

Greece should dump the Euro and go back to its own currency, let tourism bring the country back to life.

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They should, but they are bound to fuck that up even worse if they insist on refusing to reform all the spending and socialism.

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Shins said:

qman said:

Greece should dump the Euro and go back to its own currency, let tourism bring the country back to life.

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They should, but they are bound to fuck that up even worse if they insist on refusing to reform all the spending and socialism.

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Patlal said:

I don't know why people are bashing austerity so much. It's actually the RIGHT thing to do BY FAR.

If anyone bothered to look at the numbers you would realize that the EU and the US had practically the same growth rebound. The ony difference is that the US endebte itself madly to get the same results.

In 2012, the EU suffered because of Spain, Greece and France but it only knocked off 1% growth compared to the US.

Whoever says that spending money you don't have  is the best way to get out of debt is mad.

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The Ecstatic said:

Greece can't just rely on tourism. But this is what the banks get. They wanted to forego sovereignty in order to open markets and share profits, and now you have to share losses.

Shins said:

qman said:

Greece should dump the Euro and go back to its own currency, let tourism bring the country back to life.

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They should, but they are bound to fuck that up even worse if they insist on refusing to reform all the spending and socialism.

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what do you think austerity is?

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Prisoner#1 said:

Patlal said:

I don't know why people are bashing austerity so much. It's actually the RIGHT thing to do BY FAR.

If anyone bothered to look at the numbers you would realize that the EU and the US had practically the same growth rebound. The ony difference is that the US endebte itself madly to get the same results.

In 2012, the EU suffered because of Spain, Greece and France but it only knocked off 1% growth compared to the US.

Whoever says that spending money you don't have  is the best way to get out of debt is mad.

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dont forget that the growth that the US has seen is artificial, the government
spending hasnt done anything to boost the economy as koods claims and the
claims of lower unemployment is due to numbers juggling due to people being
dropped from the unemployment rosters now that their time has run out, it's not
from people going back to work, the job participation rate is even lower now
than in 2007-2010

http://data.bls.gov/timeseries/LNS11300000

http://nypost.com/2014/11/06/us-economic-growth-is-all-an-illusion/

koods talks a good game in his defense of obama but he really doesnt know
any better, but you know, when you're swinging from obama's dick you cant
just jump off because you've invested so much into getting the milk

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Quote:

Of note is the fact that the drop in the labor force participation rate was just 0.6 percentage point during the 2007–2009 economic downturn whereas, between 2009 and 2012, since the end of the recession, the rate declined by another 1.7 percentage points. A major factor responsible for this downward pressure on the overall labor force participation rate is the aging of the baby-boom generation. (See figure 1.)

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koods said:

http://www.bls.gov/opub/mlr/2013/article/labor-force-projections-to-2022-the-labor-force-participation-rate-continues-to-fall.htm

Quote:

Of note is the fact that the drop in the labor force participation rate was just 0.6 percentage point during the 2007–2009 economic downturn whereas, between 2009 and 2012, since the end of the recession, the rate declined by another 1.7 percentage points. A major factor responsible for this downward pressure on the overall labor force participation rate is the aging of the baby-boom generation. (See figure 1.)

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Prisoner#1 said:

koods said:

http://www.bls.gov/opub/mlr/2013/article/labor-force-projections-to-2022-the-labor-force-participation-rate-continues-to-fall.htm

Quote:

Of note is the fact that the drop in the labor force participation rate was just 0.6 percentage point during the 2007–2009 economic downturn whereas, between 2009 and 2012, since the end of the recession, the rate declined by another 1.7 percentage points. A major factor responsible for this downward pressure on the overall labor force participation rate is the aging of the baby-boom generation. (See figure 1.)

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that doesnt say they've retired now does it. if your a business owner are you
going to hire and train someone that's 4 years from retirement?

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koods said:

http://www.bls.gov/opub/mlr/2013/article/labor-force-projections-to-2022-the-labor-force-participation-rate-continues-to-fall.htm

Quote:

Of note is the fact that the drop in the labor force participation rate was just 0.6 percentage point during the 2007–2009 economic downturn whereas, between 2009 and 2012, since the end of the recession, the rate declined by another 1.7 percentage points. A major factor responsible for this downward pressure on the overall labor force participation rate is the aging of the baby-boom generation. (See figure 1.)

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Shins said:

Lol baby boomers are actually coming OUT of retirement to take on part time jobs because they cannot affort to retire anymore.

Lol fail.

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koods said:

what you don't understand is that the population bubble of the baby boomers continues to age. the huge number of baby boomers will age into lower and lower participation.

the BLS spelled it out for you: "A major factor responsible for this downward pressure on the overall labor force participation rate is the aging of the baby-boom generation."

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