"The wheels are coming off the eurozone economy," he said.THATS the funniest thing i've read today... 8^)
sounds like a tagline.
“For every dwelling not built, two workers will lose their jobs,”
I kind of laugh at statements like this — it’s as if this person is suggesting that it is the government’s job to ensure that these workers will have additional houses to build (regardless if there is a demand for these houses).
One of the biggest “fatal flaws” with left-wing idiots like these is their complete inability to understand the concept of supply and demand. They have all been indoctrinated to reject this concept.
The housing gambler cancer in the UK spread out throughout Europe and beyond these past few years. Brits were buying up “off-plan” properties sight unseen in far-flung no-income places like Bulgaria and the Ukraine. They were using Polish labor to fix up “buy-to-let” places in London for a quick flip. They were buying second and third houses throughout Europe.
And they were obsessed with property speculation.
You thought the US had a “housing porn” problem? Take a look at this list of real estate porn TV shows that infected Britain the past few years.
A Place By the Sea
A Place in Greece
A Place in the Sun
A Place in the Sun: Home or Away
Build a New Life in the Country
Build, Buy or Restore
Changing Rooms
Did They Pay Off The Mortgage In 2 Years?
DIY SOS
Escape to the Country
Extreme Makeover
Grand Designs
Grand Designs Abroad
Home
Home From Home
Homes Under the Hammer
Honey I Ruined the House
Hot Property
House Auction
House Busters
House Chain: Under Offer
House Doctor
House Hunters in the Sun
House Invaders
House Price Challenge
House Race
Houses Behaving Badly
How Not to Decorate
How To Be a Property Developer
How to Rescue a House
I Want That House
I Want That House Revisited
Living in the Sun
Living etc
Location Location
Making Space
Moving Day
My Place in the Sun
Nice House… Shame About the Garden
Other People’s Houses
Our Home
Pay Off Your Mortgage in 2 Years
Property Dreams
Property Ladder
Put Your Money Where Your House Is
Relocation, Relocation
Restored to Glory
Room For Improvement
Selling Houses
Staying Put
Streets Ahead
Super Agents
Superhomes
Through the Keyhole
To Buy or Not to Buy
Trading Up
Uncharted Territory
Up Your Street
Would You Buy a House with a Stranger?
What are these folks going to say when it really goes south?
Keep diving please. My wife and I are off to Paris for a vacation in July.
That's a slip of only 3.72 U.S. cents, equivalent to a 2.3% drop. Big deal!
It is still 27pc above its level two years ago.
The euro is overvalued and the U.S. dollar is undervalued. But I wouldn't dare say how long it will be before we finally return to a balanced exchange rate (which would be near parity.)
A friend of mine in manufacturing tells me there is now a shortage of containers for shipping U.S. products abroad. Not long ago, we were sending them back empty. Interesting if true.
In absolute terms the 4 cent drop may not be much, but to people playing the currency markets it’s undoubtedly a huge move - some folks made a bundle and some folks lost their shirts. To the rest of us, the sun still came up this morning and not much has changed.
When the Euro gets below $1.30, it might be called a dive.
"The wheels are coming off the eurozone economy," he said.THATS the funniest thing i've read today... 8^)
sounds like a tagline.
“The euro has suffered its sharpest drop in four years “
Keep it going.
I want to travel Europe on a strong dollar..
Ping
When the US stops buying and flying, the world goes down. The multinational traders on Wall St., who have been selling the story that there is a “decoupling” of the world economy from ours, are wrong again. Example: The global food shortage resulted from the US changing its grain surplus into fuel, thanks to Bill Clinton, Algore and the Dems in Congress in the ‘90s.. When we screw up, the world suffers.
“Anglo-Saxon world to Europe”
England is killing Europe??
Even before the Euro was implemented there were many who questioned the possibility of maintaining a unified monetary policy with such vastly divergent economies. What they seem to have forgotten is that the US has over 200 years of unifying of the economies of the states to make attempting it even possible, and we don’t always get it right.
Even when all of Europe has a slowdown it’s not likely that the same actions will work for all the nations, or that the recoveries will happen at the same rate.
Decoupling from the US economy... Ha ha ha ha ha ha ha ha ha ha ha ha ha!!! What a scream. How in the name of god is it even possible that otherwise intelligent people can delude themselves so massively and completely to believe such idiocy such as that the NASDAQ tech bubble was for real, that housing never goes down and that the world’s international economies could POSSIBLY be unaffected by a recession in America. This is too easy. It is plain common sense, yet some people just bury their head in the sand and go on believing what they want to believe until it cracks them on the skull. Stupidity should never go un-rewareded.