The Euro-crisis: you paying attention?

SuperDave Wed Nov 23, 2011 12:53 pm

The bad news out of Europe is coming in thick and fast this morning as econmies stagger.

Rather than go into detail I'd like to remind you that BIG things are afoot in European finacial markets. Don't think the US will be immune to the effects either.

nitroairplane Wed Nov 23, 2011 12:58 pm

SuperDave wrote:The bad news out of Europe is coming in thick and fast this morning as econmies stagger.

Rather than go into detail I'd like to remind you that BIG things are afoot in European finacial markets. Don't think the US will be immune to the effects either.

Yes well the German Angela Merkel(that how you spell it?)
Has said that she beleives the UK will join the Eurozone.
What are you thoughts?
I don't think we will as I am not 100% sure the "Euro" will outlast this crisis.

mr_cox Wed Nov 23, 2011 2:04 pm

"Houston, we have a problem"

Flying

nitroairplane Wed Nov 23, 2011 2:34 pm

mr_cox wrote: "Houston, we have a problem"

More like
"Athens, we have a problem" Huh...

SuperDave Wed Nov 23, 2011 2:36 pm

I don't believe the UK has any choice but to join.

If Germany, Spain, Greece and others "tank" where would the UK stand? You are only "insular" if you think so.

"Houston to Challenenger: "Yes you do. Bye." Sad

nitroairplane Wed Nov 23, 2011 3:05 pm

Yes Dave but I think WHEN not if the Euro crashes we will be way worse before we get any better.
BUt I agree we must make up our minds, Be fully in Europe adopting the Euro and dare I say it Metric measurements or be out and keep the pound and revert fully to imperial.
I was only kidding about the measurements.
Imperial FTW.

SuperDave Wed Nov 23, 2011 3:29 pm

Although the US attemped going metric during the Carter Administration in the '70's the conversion attempt failed miserably returning to our hodge-podge system of weights and measurements.

'Tis a pity, IMO.

The base 10 metric system is FAR simpler once you learn to think that way as we did when living in Japan where we also drove on the left side of the road. (Totally weird traffic signs though) Very Happy

)

nitroairplane Wed Nov 23, 2011 3:33 pm

Here we do some in metric and some in imperial so it gets really confusing.

SuperDave Wed Nov 23, 2011 4:57 pm

nitroairplane wrote:Here we do some in metric and some in imperial so it gets really confusing.

Better than the monetary system of pounds, shillings, pence, quid etc. (Or is that what you are calling "imperial"?)

nitroairplane Thu Nov 24, 2011 12:14 am

SuperDave wrote:
nitroairplane wrote:Here we do some in metric and some in imperial so it gets really confusing.

Better than the monetary system of pounds, shillings, pence, quid etc. (Or is that what you are calling "imperial"?)

Thats not our current money system,
Now we just use puns (aka quid) and pence.
Some poeple use stones and grams some use inches and metres we use miles so we mix and match where we like and it sucks as nothing is regular and consistant.

hlsat Thu Nov 24, 2011 5:19 am

Sorry, but Greece is an experimental animal in Europe.
Europe's problem is not an economic system like America, but each state has its own.
But the general problem is why the international markets.
What are the money market only God knows.

SuperDave Thu Nov 24, 2011 8:40 am

hlsat wrote:Sorry, but Greece is an experimental animal in Europe.
Europe's problem is not an economic system like America, but each state has its own.
But the general problem is why the international markets.
Now what those purchases God dry.

hisat:

Repectfully, are suggesting that Europe does not have an economic problem?

If so, please explain your reasoning.

hlsat Fri Nov 25, 2011 4:14 am

My country has many economic problems for many years because there was not a good policy management by all governments.
Of course the debt to the lenders is great but as part of Europe we are 2% of the economic power to the whole.
Do you believe that this small percentage is adequate to bankrupt across Europe and world markets?
I do not believe this.
I think there are general interests.
I believe that Europe's problems are big and I do not think is responsible only to my country.
And the global economic problems are many and large I do not think again that is fully responsible to my country.
Definitely has a large part of responsibility but not global.
This appears on another and from other European states like Italy, Portugal, Spain, Ireland and other countries.
Simply Money has gathered a few and the many people checks may poor in many countries worldwide.
These are my opinions.
Now if you have any more pleased to discuss with you.
Thanks Elijah.

John Goddard Fri Nov 25, 2011 4:24 am

I'd heard the Greeks have had to close their Taramasalata and Humous factories.
Fears are growing they may be sparking a double dip recession......................

SuperDave Fri Nov 25, 2011 9:53 am

hisat: No one that I know is blaiming Greece for Europe's economic problems but it is true that the instabilty of Greece has been a contributing factor to the overall picture. Greece does not exist as a separate enity and never will. (Nor will the US for that matter).

Unstable political conditions and financial management have far reaching consequences world-wide.

PV Pilot Fri Nov 25, 2011 10:17 am

The German bonds took another big dump on wednesday. Not good, for either side of the pond.

John Deere is up,,buy it now!!,,lol.

I have all my funds in secure assets, with just a touch of moderate trading when the numbers look better. Unfortunately, the outlook would be better I think if I transfered and withdrew and made a ballistic run to Vegas,,WhooHoo!, ya can't take it with you!!. More fun and less worry.

Life is a big gamble,,what do you do.

SuperDave Fri Nov 25, 2011 10:32 am

PV:

Seen price of gold lately? What does that tell you? "Run Forrest! Run!" - from "Forrest Gump".

nitroairplane Fri Nov 25, 2011 12:43 pm

PV Pilot wrote:The German bonds took another big dump on wednesday. Not good, for either side of the pond.

John Deere is up,,buy it now!!,,lol.

I have all my funds in secure assets, with just a touch of moderate trading when the numbers look better. Unfortunately, the outlook would be better I think if I transfered and withdrew and made a ballistic run to Vegas,,WhooHoo!, ya can't take it with you!!. More fun and less worry.

Life is a big gamble,,what do you do.

Then I could get a whole load of cheep ether!

PV Pilot Fri Nov 25, 2011 1:08 pm

SuperDave wrote:PV:

Seen price of gold lately? What does that tell you? "Run Forrest! Run!" - from "Forrest Gump".

Fort Knox is empty. All they have in there is dust bunnies.

If you buy gold, someone else already ownes that tangible asset.

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