Comments on: Solving Europe doesn’t avoid recession

By: NukerDoggie

NukerDoggie — Wed, 28 Sep 2011 14:57:15 +0000

The EU isn’t going to leverage anything – Germany is not on board with Timmy-the-Greek Geitner’s “leveraged vehicle” contraption. This morning, Germany’s finance minister called it a “stupid idea” and told the U.S. to butt out of European affairs.

By: matthewslyman

matthewslyman — Wed, 28 Sep 2011 10:58:38 +0000

A good mix of real-world data and honest analysis. Thank you.

By: Laster

Laster — Wed, 28 Sep 2011 03:12:42 +0000

I think the important thing here is the EU will leverage this intractable fiasco. Thanks Tim.

By: FBreughel1

FBreughel1 — Tue, 27 Sep 2011 20:23:43 +0000

Oh, that’s funny: I thought the EU has the lowest deficit AND the lowest debt when compared to UK, US and Japan. Must be my mistake.

By: NukerDoggie

NukerDoggie — Tue, 27 Sep 2011 18:02:39 +0000

Hey Mac – I enclosed double-dip in quotes, sarcastically. It IS going to be Great Depression II, by all the signs. And also because the governments can’t spend to keep it from happening, as they did in 2008. If they try, they’ll only plunge the entire order into even deeper chaos.

The already-evident rips in the social fabric and resulting civil disorder and even chaos resulting from Great Depression II will give us a pretty rough ride here in the U.S. and across Europe. Get ready for it.

By: NukerDoggie

NukerDoggie — Tue, 27 Sep 2011 15:02:54 +0000

Very true – the U.S. is rushing headlong into the feared “double-dip”. Actually, if it ever truly exited the previous recession it only did so very briefly, meagerly and completely artificially.

However, Europe’s crisis is NOT going to be solved anyway – look at the headlines this morning with regard to Germany’s chaotic state due to the proposed leveraged vehicle solution that is lifting the (clueless) markets. This latest proposal, a joint U.S.-E.U. trial balloon, is going to be stillborn.

This global crisis has legs!