Comments on: It’s all Germany’s fault http://blogs.reuters.com/macroscope/2010/07/20/its-all-germanys-fault/ Shining a light on the dismal science Sat, 25 May 2013 13:21:04 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: HalHorvath http://blogs.reuters.com/macroscope/2010/07/20/its-all-germanys-fault/comment-page-1/#comment-1867 HalHorvath Sun, 01 Aug 2010 04:41:54 +0000 http://blogs.reuters.com/macroscope/?p=3794#comment-1867 The problem is simple enough, if all the advanced nations, every last one, cut back on deficit spending while consumers have already cut back on credit/debt and are saving more, then....simply there is mathematically less spending, and thus, mathematically, less demand for products of businesses, leading to more layoffs and a sharp new downward leg in the world economy. It's just math. Pure and simple. The result? An economic "depression." The real thing. The problem is simple enough, if all the advanced nations, every last one, cut back on deficit spending while consumers have already cut back on credit/debt and are saving more, then….simply there is mathematically less spending, and thus, mathematically, less demand for products of businesses, leading to more layoffs and a sharp new downward leg in the world economy.

It’s just math.

Pure and simple.

The result?

An economic “depression.”

The real thing.

]]> By: pesheff http://blogs.reuters.com/macroscope/2010/07/20/its-all-germanys-fault/comment-page-1/#comment-1865 pesheff Thu, 29 Jul 2010 15:41:51 +0000 http://blogs.reuters.com/macroscope/?p=3794#comment-1865 since when are we talking about the "European" problem? What about the Dollar problem? The anglo-saxon induced crisis/recession? since when are we talking about the “European” problem? What about the Dollar problem? The anglo-saxon induced crisis/recession?

]]> By: IanBright http://blogs.reuters.com/macroscope/2010/07/20/its-all-germanys-fault/comment-page-1/#comment-1847 IanBright Wed, 21 Jul 2010 16:09:41 +0000 http://blogs.reuters.com/macroscope/?p=3794#comment-1847 Nobody is sure how the European problem will be worked out but the economic cost of "breaking" the euro would be very great for Germany and other "stronger" European nations. Their banks have bilions tied up in loans to Greece and the appreciation of their currencies in a break up would holow out their industrial base voer time. Andy Brown is right to discuss a possible euro break up but another possible way to address the problem may be restructuring (20 -50% haircut for Greek debt?)and taking a big hit to the balance sheets of European banks up front, coupled with loans from the European Stabilisation Fund to Greece. Germany is going to end up paying to hlep clear up the mess in one way or the other. Nobody is sure how the European problem will be worked out but the economic cost of “breaking” the euro would be very great for Germany and other “stronger” European nations. Their banks have bilions tied up in loans to Greece and the appreciation of their currencies in a break up would holow out their industrial base voer time. Andy Brown is right to discuss a possible euro break up but another possible way to address the problem may be restructuring (20 -50% haircut for Greek debt?)and taking a big hit to the balance sheets of European banks up front, coupled with loans from the European Stabilisation Fund to Greece. Germany is going to end up paying to hlep clear up the mess in one way or the other.

]]> By: loyolarichards http://blogs.reuters.com/macroscope/2010/07/20/its-all-germanys-fault/comment-page-1/#comment-1845 loyolarichards Wed, 21 Jul 2010 06:46:58 +0000 http://blogs.reuters.com/macroscope/?p=3794#comment-1845 Since when have the BRITS been pro-German??? Britain ia a joke of a country... Why should its opinion on anything matter??? They WISH they had 1/100 of the chaaracter, backbone, courage, rectitude.... of the Germans/Germany. Britain is the THORN of/in Europe, a country not in decline... it is already as low as low can get and the U.S.A. is fast/furious tracking its path... Thank God their influence is ZERO. For 200 years they have caused nothing but problems/misery in this world... Since when have the BRITS been pro-German??? Britain ia a joke of a country… Why should its opinion on anything matter??? They WISH they had 1/100 of the chaaracter, backbone, courage, rectitude…. of the Germans/Germany. Britain is the THORN of/in Europe, a country not in decline… it is already as low as low can get and the U.S.A. is fast/furious tracking its path… Thank God their influence is ZERO. For 200 years they have caused nothing but problems/misery in this world…

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