Comments on: Reassuring talk isn’t ending the euro crisis http://jubakpicks.com/2010/02/08/reassuring-talk-isnt-ending-the-euro-crisis/ Tue, 22 May 2012 22:19:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Chris http://jubakpicks.com/2010/02/08/reassuring-talk-isnt-ending-the-euro-crisis/comment-page-1/#comment-3994 Chris Tue, 09 Feb 2010 01:14:05 +0000 http://jubakpicks.com/?p=3040#comment-3994 vuakko, Another point to consider, it's not just Greece, but Spain, Portugal, Italy, Ireland(maybe), Belguim(maybe), Eastern Europe(?).... there doesn't seem to be too many countries in the EU holding up so well under a mountain of debt. vuakko,
Another point to consider, it’s not just Greece, but Spain, Portugal, Italy, Ireland(maybe), Belguim(maybe), Eastern Europe(?)…. there doesn’t seem to be too many countries in the EU holding up so well under a mountain of debt.

]]> By: EdMcGon http://jubakpicks.com/2010/02/08/reassuring-talk-isnt-ending-the-euro-crisis/comment-page-1/#comment-3981 EdMcGon Mon, 08 Feb 2010 20:21:52 +0000 http://jubakpicks.com/?p=3040#comment-3981 vuakko, Obviously, the Europeans recognize the truths you pointed out, specifically that Greece is not that big a part of the overall European economy. Mind you, that doesn't mean anyone should run out and buy European stocks. Even the Europeans aren't running up their own markets. They recognize there's a problem too. It's only a question of how big is it, and how they plan to fix it. vuakko,
Obviously, the Europeans recognize the truths you pointed out, specifically that Greece is not that big a part of the overall European economy.

Mind you, that doesn’t mean anyone should run out and buy European stocks. Even the Europeans aren’t running up their own markets. They recognize there’s a problem too. It’s only a question of how big is it, and how they plan to fix it.

]]> By: vuakko http://jubakpicks.com/2010/02/08/reassuring-talk-isnt-ending-the-euro-crisis/comment-page-1/#comment-3978 vuakko Mon, 08 Feb 2010 19:51:56 +0000 http://jubakpicks.com/?p=3040#comment-3978 EdMcGon: Now why are Europeans buying? Perhaps because they as closer to the action realize that trouble in Greece that makes up less than 2 % of EU's GDP doesn't really mean anything to the well-managed economies in Europe. Furthermore everyone in Europe has known the terrible state of Greece for a decade and more. (You don't know even half of it...). Now let's compare this to something else: California, making up over 13 % of the US GDP is in a very serious budget crisis, their coffin is really empty. Just logically thinking, why isn't this a much larger worry than the Greek situation? All the countries of South Europe have fiscal problems of some sort, but this I knew in elementary school already. Ireland instead has only temporary problems, its economy is so dynamic (more free than e.g. US). But why is there no more publicity on the UK? They're already in trouble and the big boost coming out of the North Sea oil fields will disappear in the near future. EdMcGon: Now why are Europeans buying? Perhaps because they as closer to the action realize that trouble in Greece that makes up less than 2 % of EU’s GDP doesn’t really mean anything to the well-managed economies in Europe. Furthermore everyone in Europe has known the terrible state of Greece for a decade and more. (You don’t know even half of it…).

Now let’s compare this to something else: California, making up over 13 % of the US GDP is in a very serious budget crisis, their coffin is really empty. Just logically thinking, why isn’t this a much larger worry than the Greek situation?

All the countries of South Europe have fiscal problems of some sort, but this I knew in elementary school already. Ireland instead has only temporary problems, its economy is so dynamic (more free than e.g. US).

But why is there no more publicity on the UK? They’re already in trouble and the big boost coming out of the North Sea oil fields will disappear in the near future.

]]> By: sevenacorns http://jubakpicks.com/2010/02/08/reassuring-talk-isnt-ending-the-euro-crisis/comment-page-1/#comment-3974 sevenacorns Mon, 08 Feb 2010 19:28:16 +0000 http://jubakpicks.com/?p=3040#comment-3974 Increasing taxes will be a drop in the bucket considering our level of debt and entitlement budget stress. It will be done, but really its just a distraction to taking care of the problem. And make no mistake about it, both high payments for interest on our debt and higher taxes will result in diminished economic growth. And thus the chances of growing out of the problem becomes even more remote. Increasing taxes will be a drop in the bucket considering our level of debt and entitlement budget stress. It will be done, but really its just a distraction to taking care of the problem.
And make no mistake about it, both high payments for interest on our debt and higher taxes will result in diminished economic growth. And thus the chances of growing out of the problem becomes even more remote.

]]> By: EdMcGon http://jubakpicks.com/2010/02/08/reassuring-talk-isnt-ending-the-euro-crisis/comment-page-1/#comment-3973 EdMcGon Mon, 08 Feb 2010 19:27:49 +0000 http://jubakpicks.com/?p=3040#comment-3973 Jim, Any thoughts on the palladium ETF (symbol: PALL)? With it's industrial application (mostly automotive), I like it better than gold. Jim,
Any thoughts on the palladium ETF (symbol: PALL)? With it’s industrial application (mostly automotive), I like it better than gold.

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