To: TigerLikesRooster; Uncle Ike; RSmithOpt; jiggyboy; 2banana; Travis McGee; OwenKellogg; 31R1O; ...
2 posted on
04/04/2008 3:42:25 AM PDT by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: TigerLikesRooster
Nothing massive African muslim immigration won’t solve.
3 posted on
04/04/2008 3:46:19 AM PDT by
ARE SOLE
(Agents Ramos and Campean are in prison at this very moment.. (A "Concerned Citizen".)
To: TigerLikesRooster
This could really be disastrous. Sad.
4 posted on
04/04/2008 4:01:42 AM PDT by
Rocky
To: TigerLikesRooster
Didn't the Socialists get elected in Spain on the basis of some terrorist activity right before the election?
What's Spanish for Jimmy Carter?
Cheers!
5 posted on
04/04/2008 5:29:53 AM PDT by
grey_whiskers
(The opinions are solely those of the author and are subject to change without notice.)
To: TigerLikesRooster
"Spain is no longer able to set monteary policy for its own needs. It could face zero-growth for five years,"One of the advantages of being in the EU, no doubt.
6 posted on
04/04/2008 6:42:36 AM PDT by
Gritty
(Europeans feel impotent in the face of their own immovable political elites - Theodore Dalrymple)
To: TigerLikesRooster
The situation in the UK is even worse...I read in the Internation Herald last summer that the average british home owner owes over 30 years of his total salary on his home....In the USA it is under 5 years.
To: Travis McGee
The whiff of deflation is in the air.
9 posted on
04/04/2008 10:08:03 PM PDT by
Pelham
(Press 1 for English)
To: TigerLikesRooster
"The Spanish government is preparing a €20bn spending blitz on high speed railways and other mega-projects to cushion the downturn "The Japs have been on an infrastructure spending spree for about 15 years. It hasn't done any good. Nor 0.5% interest rates.
yitbos
10 posted on
04/04/2008 11:09:24 PM PDT by
bruinbirdman
("Those who control language control minds." - Ayn Rand)
To: TigerLikesRooster
The root cause of the crisis is in a sense Europe's monetary union. The euro effect halved Spain's interest rates almost overnight. Rates then fell below Spain's inflation rate for several years, fuelling an explosive credit boom. The country's current account deficit has reached 10pc of GDP, the highest of any major economy.
That is to look just at one side of the problem.
The root cause is that whilst we had a free capital market in the European Monetary Union, the Real Estate market was kept heavily regulated, as bankers and other oligarchs wanted, prompting a huge bubble. Now the party is over, at least for some of them.
13 posted on
04/05/2008 1:56:54 AM PDT by
J Aguilar
(Veritas vos liberabit)
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