Home › Forums › Financial Markets/Economics › Euro getting slammed
- This topic has 53 replies, 11 voices, and was last updated 12 years, 11 months ago by Jazzman.
-
AuthorPosts
-
February 5, 2010 at 6:46 AM #17009February 5, 2010 at 7:15 AM #510132Nor-LA-SD-guyParticipant
As bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.
On a side note, I think TPTB want inflation big time but are at a loss as to how to get the average wage to say 100-150K per year when most everyone but them is laying people off.
This is just my opinion however.
February 5, 2010 at 7:15 AM #510383Nor-LA-SD-guyParticipantAs bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.
On a side note, I think TPTB want inflation big time but are at a loss as to how to get the average wage to say 100-150K per year when most everyone but them is laying people off.
This is just my opinion however.
February 5, 2010 at 7:15 AM #510040Nor-LA-SD-guyParticipantAs bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.
On a side note, I think TPTB want inflation big time but are at a loss as to how to get the average wage to say 100-150K per year when most everyone but them is laying people off.
This is just my opinion however.
February 5, 2010 at 7:15 AM #509626Nor-LA-SD-guyParticipantAs bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.
On a side note, I think TPTB want inflation big time but are at a loss as to how to get the average wage to say 100-150K per year when most everyone but them is laying people off.
This is just my opinion however.
February 5, 2010 at 7:15 AM #509480Nor-LA-SD-guyParticipantAs bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.
On a side note, I think TPTB want inflation big time but are at a loss as to how to get the average wage to say 100-150K per year when most everyone but them is laying people off.
This is just my opinion however.
February 5, 2010 at 7:29 AM #509641SD TransplantParticipantInteresting times indeed Flu. I’ve been expecting the Euro to drop against the $ for sometime. I still have some unfinished projects in a certain EU part that were ceased due to the $ devaluation. Soon, things might be looking better.
Anywho, the issues spread beyond Greece and Portugal, it is a group named PIGS: Portugal, Ireland, Greece, and Spain. Also, Italy is not far behid…it could be PIIGS soon :).
The news in the EURO blog community is that the EU won’t bail out these countries and won’t reject them from the union….so, what would happen? Common answer: they will loose sovereignty. Initially, it’s just fiscal, but we know how that goes. In essense, the EU heads + IMF will stand by to bail them out, then they will take over the management of budget/approvals. IMF+EU will enforce, as it is now into works, a spartan plan of budget cuts combined with tax hikes (along with already mentioned extended age for retirement)….Problem solved π
Of course, the greeks were already on the street before the final plans were even announced.
February 5, 2010 at 7:29 AM #510398SD TransplantParticipantInteresting times indeed Flu. I’ve been expecting the Euro to drop against the $ for sometime. I still have some unfinished projects in a certain EU part that were ceased due to the $ devaluation. Soon, things might be looking better.
Anywho, the issues spread beyond Greece and Portugal, it is a group named PIGS: Portugal, Ireland, Greece, and Spain. Also, Italy is not far behid…it could be PIIGS soon :).
The news in the EURO blog community is that the EU won’t bail out these countries and won’t reject them from the union….so, what would happen? Common answer: they will loose sovereignty. Initially, it’s just fiscal, but we know how that goes. In essense, the EU heads + IMF will stand by to bail them out, then they will take over the management of budget/approvals. IMF+EU will enforce, as it is now into works, a spartan plan of budget cuts combined with tax hikes (along with already mentioned extended age for retirement)….Problem solved π
Of course, the greeks were already on the street before the final plans were even announced.
February 5, 2010 at 7:29 AM #509495SD TransplantParticipantInteresting times indeed Flu. I’ve been expecting the Euro to drop against the $ for sometime. I still have some unfinished projects in a certain EU part that were ceased due to the $ devaluation. Soon, things might be looking better.
Anywho, the issues spread beyond Greece and Portugal, it is a group named PIGS: Portugal, Ireland, Greece, and Spain. Also, Italy is not far behid…it could be PIIGS soon :).
The news in the EURO blog community is that the EU won’t bail out these countries and won’t reject them from the union….so, what would happen? Common answer: they will loose sovereignty. Initially, it’s just fiscal, but we know how that goes. In essense, the EU heads + IMF will stand by to bail them out, then they will take over the management of budget/approvals. IMF+EU will enforce, as it is now into works, a spartan plan of budget cuts combined with tax hikes (along with already mentioned extended age for retirement)….Problem solved π
Of course, the greeks were already on the street before the final plans were even announced.
February 5, 2010 at 7:29 AM #510147SD TransplantParticipantInteresting times indeed Flu. I’ve been expecting the Euro to drop against the $ for sometime. I still have some unfinished projects in a certain EU part that were ceased due to the $ devaluation. Soon, things might be looking better.
Anywho, the issues spread beyond Greece and Portugal, it is a group named PIGS: Portugal, Ireland, Greece, and Spain. Also, Italy is not far behid…it could be PIIGS soon :).
The news in the EURO blog community is that the EU won’t bail out these countries and won’t reject them from the union….so, what would happen? Common answer: they will loose sovereignty. Initially, it’s just fiscal, but we know how that goes. In essense, the EU heads + IMF will stand by to bail them out, then they will take over the management of budget/approvals. IMF+EU will enforce, as it is now into works, a spartan plan of budget cuts combined with tax hikes (along with already mentioned extended age for retirement)….Problem solved π
Of course, the greeks were already on the street before the final plans were even announced.
February 5, 2010 at 7:29 AM #510054SD TransplantParticipantInteresting times indeed Flu. I’ve been expecting the Euro to drop against the $ for sometime. I still have some unfinished projects in a certain EU part that were ceased due to the $ devaluation. Soon, things might be looking better.
Anywho, the issues spread beyond Greece and Portugal, it is a group named PIGS: Portugal, Ireland, Greece, and Spain. Also, Italy is not far behid…it could be PIIGS soon :).
The news in the EURO blog community is that the EU won’t bail out these countries and won’t reject them from the union….so, what would happen? Common answer: they will loose sovereignty. Initially, it’s just fiscal, but we know how that goes. In essense, the EU heads + IMF will stand by to bail them out, then they will take over the management of budget/approvals. IMF+EU will enforce, as it is now into works, a spartan plan of budget cuts combined with tax hikes (along with already mentioned extended age for retirement)….Problem solved π
Of course, the greeks were already on the street before the final plans were even announced.
February 5, 2010 at 7:33 AM #510059SD TransplantParticipant[quote=Nor-LA-SD-guy]As bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.
On a side note, I think TPTB want inflation big time but are at a loss as to how to get the average wage to say 100-150K per year when most everyone but them is laying people off.
This is just my opinion however.[/quote]
Yep, I agree with you on this. The trend is there to kill these 6 figures. I hope it happens fast HERE (Mish’s blog today)
http://globaleconomicanalysis.blogspot.com/2010/02/rapid-transit-salaries-look-at-beloved.html
February 5, 2010 at 7:33 AM #509500SD TransplantParticipant[quote=Nor-LA-SD-guy]As bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.
On a side note, I think TPTB want inflation big time but are at a loss as to how to get the average wage to say 100-150K per year when most everyone but them is laying people off.
This is just my opinion however.[/quote]
Yep, I agree with you on this. The trend is there to kill these 6 figures. I hope it happens fast HERE (Mish’s blog today)
http://globaleconomicanalysis.blogspot.com/2010/02/rapid-transit-salaries-look-at-beloved.html
February 5, 2010 at 7:33 AM #510152SD TransplantParticipant[quote=Nor-LA-SD-guy]As bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.
On a side note, I think TPTB want inflation big time but are at a loss as to how to get the average wage to say 100-150K per year when most everyone but them is laying people off.
This is just my opinion however.[/quote]
Yep, I agree with you on this. The trend is there to kill these 6 figures. I hope it happens fast HERE (Mish’s blog today)
http://globaleconomicanalysis.blogspot.com/2010/02/rapid-transit-salaries-look-at-beloved.html
February 5, 2010 at 7:33 AM #509646SD TransplantParticipant[quote=Nor-LA-SD-guy]As bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.
On a side note, I think TPTB want inflation big time but are at a loss as to how to get the average wage to say 100-150K per year when most everyone but them is laying people off.
This is just my opinion however.[/quote]
Yep, I agree with you on this. The trend is there to kill these 6 figures. I hope it happens fast HERE (Mish’s blog today)
http://globaleconomicanalysis.blogspot.com/2010/02/rapid-transit-salaries-look-at-beloved.html
-
AuthorPosts
- You must be logged in to reply to this topic.