'Many economists point to the vicious circle Greece is caught in, whereby government austerity is worsening the recession, which in turn is increasing the government deficit. For the eurozone as a whole, government deficits fell to an average 6% from 6.3% the year before, reflecting the first year of pan-European efforts to bring government finances back under control via austerity measures. Despite this, public debt levels as a percentage of economic output increased during 2010 to 85.1% from 79.3%, due to weak growth and the cost of interest payments.' ...Greece budget deficit worse than thought
26.04.2011. (16:05)
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“It’s as if 2008 never happened. Once again the worlds investors are pumping up bubbles that will probably explode in their faces. After the popping of a real estate bubble led to the first global recession since the 1930s, world markets are frothing like shaken Champagne. Pundits claim to have spotted price increases that are unsupported by economic fundamentals in assets ranging from U.S. farmland to Israeli biotech to Australian housing to Chinese cemetery sites. Commodities have soared. Global junk-bond issuance hit a record in the first three months of the year … this is the granddaddy of them all, an almost-encompassing bubble right at the heart of monetary systems.” Yes, the “granddaddy of all bubbles” will explode right in Fed Chairman Ben Bernanke’s face, a bubble that will then sink like a stiletto deep into the “heart of the monetary systems” across the world, proving something Nassim Taleb said about Bernanke when Obama reappointed him in 2009, “he doesn’t even know he doesn’t understand how things work,” and that his methods make “homeopath and alternative healers look empirical and scientific.” (...) Pointing to a key chart, Grantham’s “favorite example of a last hurrah after the first leg of the 1929 crash,” he saw obvious similarities between 1929-30 and today, warning that we’re in for a long, long period of recovery, like the 1930s Great Depression: “After the sharp decline in the fall of 1929, the S&P 500 rallied 46% from its low in November to the rally high of April 12, 1930, then, of course, fell by over 80%.” ...2008 crash deja vu: We’ll relive it, and soon
26.04.2011. (16:28)
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životni krug, sve je ciklično...kad sam bio dijete, otac mi je bio 'dužan k'o Grčka', danas sam i ja otac i svojoj djeci govorim isto.. kako stvari stoje, moguće će oni svojoj djeci govoriti i užasnije stvari - dužni kao Hrvatska.
26.04.2011. (19:47)
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pooka
'Many economists point to the vicious circle Greece is caught in, whereby government austerity is worsening the recession, which in turn is increasing the government deficit.
For the eurozone as a whole, government deficits fell to an average 6% from 6.3% the year before, reflecting the first year of pan-European efforts to bring government finances back under control via austerity measures.
Despite this, public debt levels as a percentage of economic output increased during 2010 to 85.1% from 79.3%, due to weak growth and the cost of interest payments.'
...Greece budget deficit worse than thought
26.04.2011. (16:05) - - - - - promjene spremljene- uredi komentar - obriši komentar - prijavi ovaj komentar kao spam - zabrani komentiranje autoru ovog komentara- učitavam...
pooka
“It’s as if 2008 never happened. Once again the worlds investors are pumping up bubbles that will probably explode in their faces. After the popping of a real estate bubble led to the first global recession since the 1930s, world markets are frothing like shaken Champagne. Pundits claim to have spotted price increases that are unsupported by economic fundamentals in assets ranging from U.S. farmland to Israeli biotech to Australian housing to Chinese cemetery sites. Commodities have soared. Global junk-bond issuance hit a record in the first three months of the year … this is the granddaddy of them all, an almost-encompassing bubble right at the heart of monetary systems.”
Yes, the “granddaddy of all bubbles” will explode right in Fed Chairman Ben Bernanke’s face, a bubble that will then sink like a stiletto deep into the “heart of the monetary systems” across the world, proving something Nassim Taleb said about Bernanke when Obama reappointed him in 2009, “he doesn’t even know he doesn’t understand how things work,” and that his methods make “homeopath and alternative healers look empirical and scientific.”
(...)
Pointing to a key chart, Grantham’s “favorite example of a last hurrah after the first leg of the 1929 crash,” he saw obvious similarities between 1929-30 and today, warning that we’re in for a long, long period of recovery, like the 1930s Great Depression: “After the sharp decline in the fall of 1929, the S&P 500 rallied 46% from its low in November to the rally high of April 12, 1930, then, of course, fell by over 80%.”
...2008 crash deja vu: We’ll relive it, and soon
26.04.2011. (16:28) - - - - - promjene spremljene- uredi komentar - obriši komentar - prijavi ovaj komentar kao spam - zabrani komentiranje autoru ovog komentara- učitavam...
Wall
životni krug, sve je ciklično...kad sam bio dijete, otac mi je bio 'dužan k'o Grčka', danas sam i ja otac i svojoj djeci govorim isto.. kako stvari stoje, moguće će oni svojoj djeci govoriti i užasnije stvari - dužni kao Hrvatska.
26.04.2011. (19:47) - - - - - promjene spremljene- uredi komentar - obriši komentar - prijavi ovaj komentar kao spam - zabrani komentiranje autoru ovog komentara- učitavam...