Comments on: Let the great economy spin http://blogs.reuters.com/anatole-kaletsky/2013/08/22/let-the-great-economy-spin/ Sat, 03 Jan 2015 16:42:55 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: corallo http://blogs.reuters.com/anatole-kaletsky/2013/08/22/let-the-great-economy-spin/#comment-1130 Wed, 28 Aug 2013 01:33:01 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=497#comment-1130 Crises come and go, but Italy keeps moving!
Not quite a girlfriend in a coma then…at least not yet.
http://girlfriendinacoma.eu

]]>
By: troublemaker52 http://blogs.reuters.com/anatole-kaletsky/2013/08/22/let-the-great-economy-spin/#comment-1125 Mon, 26 Aug 2013 21:36:19 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=497#comment-1125 Based on Mr. Kaletsky’s article, I have to assume lemonade sales are doing quite well in Italy although he did not mention seeing any while on holiday there.

]]>
By: jambrytay http://blogs.reuters.com/anatole-kaletsky/2013/08/22/let-the-great-economy-spin/#comment-1123 Mon, 26 Aug 2013 14:35:52 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=497#comment-1123 for whatever reason, people enjoy (real or imagined) bad news. the US middle class is actually doing pretty well over the long haul, but it’s more fun to talk about its decline.

]]>
By: ambhujun http://blogs.reuters.com/anatole-kaletsky/2013/08/22/let-the-great-economy-spin/#comment-1121 Mon, 26 Aug 2013 14:14:20 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=497#comment-1121 error correction -please replace word b”hosts” by word foreign investers.thanks.

]]>
By: Killerfish http://blogs.reuters.com/anatole-kaletsky/2013/08/22/let-the-great-economy-spin/#comment-1120 Mon, 26 Aug 2013 12:01:28 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=497#comment-1120 Italy is in decline. Italians have built up 2 trillion Euros of debt whilst ignoring the decline and continuing to enjoy their life. This is akin to someone saying life is great whilst charging everything to their credit card. It’s great until you get the bill. If the financial crisis taught us anything it was that piling on the debt can’t last forever.

As for Italy’s progress (la Dolce Vita), your list only highlights how little they have achieved during the past 100 years. Italy is incredibly run down once you get outside the areas visited by successful economists, they have very little of sustainable value to show for spending all that money.

]]>
By: ambhujun http://blogs.reuters.com/anatole-kaletsky/2013/08/22/let-the-great-economy-spin/#comment-1119 Mon, 26 Aug 2013 10:57:07 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=497#comment-1119 against what economists term global economic downturn,i have only observed global economic stabilisation process-(GESP).This was driven by massive investments-capital,knowhow and iinovation in the BRIC/ASEAN countries.Backfiring,side-effects or normal outcome ,you ask the multinational behemoths of the developed countries.It looks like the GESPis tending towards its final stage with the BRIC/ASEAN emerging to the extent they greet their”assists/hosts”
It looks lie the working of the Devine Providence-more than half the world population benefitting from decades of “catch-up time”in such little time.
hopefully,the GESP leaves the “assists” countries at quite agood standard of living.
“And yet it moves”

]]>
By: pepijndekorte http://blogs.reuters.com/anatole-kaletsky/2013/08/22/let-the-great-economy-spin/#comment-1116 Sun, 25 Aug 2013 21:10:36 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=497#comment-1116 I was also in Italy on vacation this summer and enjoyed it thoroughly. I noticed the nominal price level of the entry-level pizza (the Margerita) is back to where it was in 1996 – i.e. around 5.50 – 6.00 Euros. In 1996 prices were 10,000 – 12,000 Liras, which is the same. If I remeber correctly, prices were almost double 5- 6 years ago. So the Bundesbank has won!

This means that after a decade of no real growth, Italy is about to embark on a decade of no nominal growth. That is painful.

]]>
By: UauS http://blogs.reuters.com/anatole-kaletsky/2013/08/22/let-the-great-economy-spin/#comment-1113 Sun, 25 Aug 2013 03:04:43 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=497#comment-1113 The only source of knowledge is experience.
– Albert Einstein

]]>
By: edgyinchina http://blogs.reuters.com/anatole-kaletsky/2013/08/22/let-the-great-economy-spin/#comment-1112 Sat, 24 Aug 2013 23:38:18 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=497#comment-1112 fairly elitist op-ed piece…

]]>
By: brotherkenny4 http://blogs.reuters.com/anatole-kaletsky/2013/08/22/let-the-great-economy-spin/#comment-1108 Fri, 23 Aug 2013 19:39:09 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=497#comment-1108 “This capacity is often under-estimated by ideologues and experts, who demand clear answers and tough, decisive actions, rather than “muddling through.””

Ha ha ha, “clear answers and tough decisive actions” demanded by the “experts”. Ha ha ha ho, now I have a side ache. Come on man, these guys are greedy morons trying to gouge out a big chunk of change for themselves. They have no plan or knowledge except the knowledge that if they can get big enough they can join the group that are so big they could destroy the country if they are held legally responsible for anything. Above the law and in charge of any president.

]]>