Eurozone officially falls back into Recession

[Fuiking]

Araine, dont forget that increasing taxes is nice thing too... I made a nice text but it died. Google: Great Depression, Hendrik Colijn, and voila!

[Kivimetsan]

Wonder how many posts we'll get in before someone blames it on Socialism.

I blame everything on socialism.

It is essentially the root of all our problems. I would try to explain this further with some examples, but sadly the majority of people are incapable of understanding free market economics and how essential this system is to maintain individual freedom. People don't understand the difference between corporatism/fascism and capitalism. True capitalism is void of government intervention and thus regulated by society, not government. In fact, libertarians are much more socialistic than socialists. Socialists blame government for all there woes, but there grand solution is the justification that only government can provide safety and security from the big evil corporatist, thus they create more government to solve the problem. Its like taking a shit in a blocked toilet and expecting it to disappear, or like pouring petrol on a fire and expecting it to go out, or printing money and expecting it to solve your economic problems, just like in the US and EU at the moment.

On topic: Nothing will solve the EU. It is over, the dream of a united Europe is failing, its proven to be impossible and if by some chance it continues to remain in tact, it will not be a free state, but rather a state of sheep run by wolves.

[Tore]

Three or four strong nations can't bear the weight of a handful of faltering ones. What a surprise.

[Wells]

Clearly not austeritying hard enough.

[Spectral]

Hooked on austerity worked for me!

[Wells]

Hooked on austerity worked for me!

Only if you're Germany.

[Spectral]

I blame everything on socialism.

...

In fact, libertarians are much more socialistic than socialists.

I'm not big on libertarians, but I don't blame all of the world's ills on them.

---------- Post added 2012-11-17 at 12:43 AM ----------

Only if you're Germany.

I'm about 80% ethnic German. Throw me a brat, a beer, and STFU about capital flow imbalances. Clearly this is all because of health care spending.

[Notos]

Yikes those unemployment figures are daunting. I think some apron strings need to be cut or things might just keep getting worse.

[Adam Jensen]

Guys, Europeans, stay calm, we'll send you our Republicans and they'll fix it for you.

[Spectral]

I think some apron strings need to be cut or things might just keep getting worse.

Indeed, the problem is clearly that Europe just hasn't had stringent enough fiscal policy post financial crisis.

/sarcasm

[tyran]

what the hell is going on? economic problems are rising everywhere where they havent before. the world is sinking into deep shit

[Beavis]

I blame everything on socialism.

It is essentially the root of all our problems. I would try to explain this further with some examples, but sadly the majority of people are incapable of understanding free market economics and how essential this system is to maintain individual freedom. People don't understand the difference between corporatism/fascism and capitalism. True capitalism is void of government intervention and thus regulated by society, not government. In fact, libertarians are much more socialistic than socialists. Socialists blame government for all there woes, but there grand solution is the justification that only government can provide safety and security from the big evil corporatist, thus they create more government to solve the problem. Its like taking a shit in a blocked toilet and expecting it to disappear, or like pouring petrol on a fire and expecting it to go out, or printing money and expecting it to solve your economic problems, just like in the US and EU at the moment.

On topic: Nothing will solve the EU. It is over, the dream of a united Europe is failing, its proven to be impossible and if by some chance it continues to remain in tact, it will not be a free state, but rather a state of sheep run by wolves.

People who think like this should be forced to live in Somalia for a year to experience all the joys of living in an unregulated environment.

[Riidii]

People who think like this should be forced to live in Somalia for a year to experience all the joys of living in an unregulated environment.

Somalia doesn't even have a government.

Fail comparison.

[Deleted]

Yes the Euro is in crisis, but be very afraid then the dollar pass it tipping point and China say sorry we cant lend you all the money you want. Your salvation is that China is to scared to say that, who know where it will end if US do get "real" credit problem.

[Spectral]

Yes the Euro is in crisis, but be very afraid then the dollar pass it tipping point and China say sorry we cant lend you all the money you want.

I want to slam my head into a desk every time someone expresses this ill informed view point. Care to offer any evidence of the idea that lending is about to just seize up? Interests rates are at rock bottom, which suggests the opposite.

[Beavis]

Somalia doesn't even have a government.

Fail comparison.

Notsureifserious.jpg

[Wells]

I want to slam my head into a desk every time someone expresses this ill informed view point. Care to offer any evidence of the idea that lending is about to just seize up? Interests rates are at rock bottom, which suggests the opposite.

Yeah well I bet you're going to regret voting Obama when China calls in their debt and all the street names get changed to mandarin for our new overlords.

[Spectral]

Yeah well I bet you're going to regret voting Obama when China calls in their debt and all the street names get changed to mandarin for our new overlords.

You're criminally liable if I commit suicide...

[Deleted]

I want to slam my head into a desk every time someone expresses this ill informed view point. Care to offer any evidence of the idea that lending is about to just seize up? Interests rates are at rock bottom, which suggests the opposite.

Sorry did edit my post then you did replay, China is to scared to throttle the favorable lending US are getting. Who know what will happen if US get credit problem, one thing is sure, US will not be able to buy Chinese goods at the same rate as now. BUT sometime in the future they will have to set the foot down.

[Spectral]

Sorry did edit my post then you did replay, China is to scared to throttle the favorable lending US are getting. Who know what will happen if US get credit problem, one thing is sure, US will not be able to buy Chinese goods at the same rate as now.

So, is there any actual evidence of this? China's a relevant, but not particularly large portion of US debt buying, and I'd expect we'd be seeing some upward pressure on interest rates if there were real fears about US credit. There just don't seem to be any.