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- boz commented Sep 16, 2011
Jolly Roger, get to think hallucinating is getting quite appropriate for your posting. You have not put up here one single example in history and any logic to state that same currency can't work for different economies. History is very much full of ...
What happens after a Greek default
- boz commented Sep 15, 2011
That is exactly where the misinformation get the damages. Irealand is housing a lot of business and corporation that hold a lot of debt but also assets, a bit like I borrow 1 mil$ to buy 1 mil$ of something else, you can't really say I have just 1 ...
What happens after a Greek default
- boz commented Sep 15, 2011
yes, and on top of that German flog Greece with their German made goods. So it is more like German borrow at 1.7%, then lend to Greece at 5% so Greece can buy back German goods and support German economy during this time that is needed. Funny thing ...
What happens after a Greek default
- boz commented Sep 15, 2011
Tranco, I don't know about those options, I feel like they are more political then economical and really needed. I like the idea of Eurobonds because it is not fear that today Germans take benefit of paying 1.7% interest on their 10 year bond thanks ...
What happens after a Greek default
- boz commented Sep 15, 2011
One of the things I am good at is analising the data and I do know a lot of the data around and where the problem come from. For example do you know what Iceland real data is? I give few numbers: Public debt of Iceland: 2004 2005 2006 2007 2008 2009 ...
What happens after a Greek default
- boz commented Sep 15, 2011
from wikipedia: "Iceland applied to join the European Union on 16 July 2009. Negotiations formally began 17 June 2011" Funny that! The trouble Iceland had in 2008-2009 just pushed them to join EU. I don't think Ireland is doing too bad lately, they ...
What happens after a Greek default
- boz commented Sep 15, 2011
Yes, I am Italian but now I live in Melbourne. What I have seen in europe and in the PIGS is that it is much easier to enforce taxes, spend cut and work reformes now that troubles are clear then before the crisis. PIGS have reached big results in ...
What happens after a Greek default
- boz commented Sep 14, 2011
Macdon, you bring up an interesting point, The problem is that none in charge in Europe thought that those interest rates problems in last 10 years would bring today's troubles. I think it shouldn't be a problem to make sure PIGS and others can cope ...
What happens after a Greek default
- boz commented Sep 14, 2011
many of your question are not that difficult: 1. and 3: no doubt for Greece it is better inside the EU and using the euro, price of goods in Greece depend on economy policies by the long term, exchange rate have only short term impact. Germany will ...
What happens after a Greek default
- boz commented Sep 14, 2011
The situation like all the world economy is very confusing lately, none really have clear answers. In any case questions are easy, here are a few? What are the best tax and spending cut that Greece need to implement? I like higher VAT as it only ...
What happens after a Greek default
- boz commented Sep 14, 2011
Jolly Rogers, I agree 100% that is about facts, figures, timelines...but you keep making the wrong questions and not considering all the answers: "how long can Greece stay afloat?" wrong question! it is about what are the outcome in those different ...
What happens after a Greek default
- boz commented Sep 14, 2011
Jolly Roger, You really have to read more about European and greek data and think more about it, on newyorkfed website there is a good PIGS report and it is a good start. There is difference between PIGS and Greece. It is like a family that has one ...
What happens after a Greek default
- boz commented Sep 13, 2011
I think you need to think more about it. Is it EU or US/Japan the one that are kicking the can further down the road? I don't think giving last couple of years to Greece to try the austerity plan was a bad idea, it also gave banks more time to plan ...
What happens after a Greek default
- boz commented Sep 7, 2011
I am not saying Italy would go back to Lira I don't think it will happen that the euro brake up. PIIGS eceonomy are very different to each other, Euro is not overvalued for all PIIGS, I don't think Italy will experience deflation using the euro, CPI ...
German Chancellor Merkel says Euro is a guarantee of a united Europe
- boz commented Sep 7, 2011
You might be right that she doesn't know what she is talking about, but I am pretty sure she get good advising. You don't have to understimate the braking up of euro effect on Germany: last time European currency got in trouble in Early 90's send ...
German Chancellor Merkel says Euro is a guarantee of a united Europe
- boz commented Aug 24, 2011
well, reality is that CPI in euroland is just over 2% (while UK for example is double that), there are no alternative currency to use in Europe where people can jump to for everyday transactions. So, I don't see any fundamental reason why people in ...
Greenspan says 'the euro is breaking down'
- boz commented Aug 10, 2011
China depeg would be together with rating agencies bond downgrade another big step away from US$ as world base currency. Really, it is a no win situation for FED, you can either have Bernanke and its policy hated by Chinese or Japanese in case he ...
Obama: Warren Buffet & I would rate USA's credit AAAA if that rating existed
- boz commented Aug 9, 2011
Jolly Rogers, thanks for the update on Zimbabwe, I do agree that it is not a good place to be and live in, but my comment was related to the debt. Zimbabwe iperinflation destroyed any credit/debt system and there is no debt in Zimbabwe. I don't ...
Obama: Warren Buffet & I would rate USA's credit AAAA if that rating existed
- boz commented Aug 9, 2011
That is a easy answer: 1 (Japan)
Obama: Warren Buffet & I would rate USA's credit AAAA if that rating existed
- boz commented Aug 8, 2011
AAAA? Sure, Zimbabwe is like that too and like US they print money to pay off debt. Actually, Zimbabwe is better then US, there is no debt over there: It was all paid off!
Obama: Warren Buffet & I would rate USA's credit AAAA if that rating existed