Comments on: The lesson of the Greek crisis: Every government cheats and no one wants to know http://jubakpicks.com/2010/03/09/the-lesson-of-the-greek-crisis-everybody-government-cheats-and-no-one-wants-to-know/ Thu, 24 May 2012 00:51:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Curious Cat Investing and Economics Carnival #7 at Curious Cat Investing and Economics Blog http://jubakpicks.com/2010/03/09/the-lesson-of-the-greek-crisis-everybody-government-cheats-and-no-one-wants-to-know/comment-page-1/#comment-5595 Curious Cat Investing and Economics Carnival #7 at Curious Cat Investing and Economics Blog Tue, 16 Mar 2010 16:01:11 +0000 http://jubakpicks.com/?p=3318#comment-5595 [...] The lesson of the Greek crisis: Every government cheats and no one wants to know by James Jubak – “The IMF projects that U.S. net debt as a percentage of GDP will be 66.8% in 2010, more than twice that for Canada, and gross debt will be 93.6% of GDP, still almost 14 percentage points above Canada’s.” [...] [...] The lesson of the Greek crisis: Every government cheats and no one wants to know by James Jubak – “The IMF projects that U.S. net debt as a percentage of GDP will be 66.8% in 2010, more than twice that for Canada, and gross debt will be 93.6% of GDP, still almost 14 percentage points above Canada’s.” [...]

]]> By: elnormo http://jubakpicks.com/2010/03/09/the-lesson-of-the-greek-crisis-everybody-government-cheats-and-no-one-wants-to-know/comment-page-1/#comment-5493 elnormo Sat, 13 Mar 2010 01:54:18 +0000 http://jubakpicks.com/?p=3318#comment-5493 As they say in the Canadian Parliament: SHAME! SHAME! It would be more fun if they threw shoes too. As they say in the Canadian Parliament: SHAME! SHAME! It would be more fun if they threw shoes too.

]]> By: Riverdoug http://jubakpicks.com/2010/03/09/the-lesson-of-the-greek-crisis-everybody-government-cheats-and-no-one-wants-to-know/comment-page-1/#comment-5322 Riverdoug Thu, 11 Mar 2010 02:33:09 +0000 http://jubakpicks.com/?p=3318#comment-5322 Yes Canadians Lie.... Budget 2010 - 2011 to be 280.5 billion but that doesn't include the 125 billion the government LENT CMHC to buy back mortgages from the banks --- yes buy-- not insure like they are supposed to. This is one way to cheat by telling everyone that the Canadian banks didn't need a bail out! What is 125 billion dollars if not a back door bailout? That is why with 2% mortgages, Vancouver is considered the most expensive city in the world (considering incomes) and Toronto and Montreal are considered dangerously high. Our time is comming...... Yes Canadians Lie….
Budget 2010 – 2011 to be 280.5 billion but that doesn’t include the 125 billion the government LENT CMHC to buy back mortgages from the banks — yes buy– not insure like they are supposed to. This is one way to cheat by telling everyone that the Canadian banks didn’t need a bail out!
What is 125 billion dollars if not a back door bailout? That is why with 2% mortgages, Vancouver is considered the most expensive city in the world (considering incomes) and Toronto and Montreal are considered dangerously high. Our time is comming……

]]> By: Timber http://jubakpicks.com/2010/03/09/the-lesson-of-the-greek-crisis-everybody-government-cheats-and-no-one-wants-to-know/comment-page-1/#comment-5317 Timber Thu, 11 Mar 2010 00:34:37 +0000 http://jubakpicks.com/?p=3318#comment-5317 Jim, With all these countries in the red, wouldn't there be some countires in the black. I mean, shouldn't it all balance out somehow? Jim,
With all these countries in the red, wouldn’t there be some countires in the black. I mean, shouldn’t it all balance out somehow?

]]> By: EdMcGon http://jubakpicks.com/2010/03/09/the-lesson-of-the-greek-crisis-everybody-government-cheats-and-no-one-wants-to-know/comment-page-1/#comment-5239 EdMcGon Wed, 10 Mar 2010 14:05:56 +0000 http://jubakpicks.com/?p=3318#comment-5239 Run26.2, If that's your view, I can respect that. If that's your reason not to invest in China, I can respect that too. I personally believe that capitalism will eventually lead to a freer China. Hence, I have no qualms about investing there. I believe that economic success will create more freedom in China in the long run than a billion shallow threats from diplomats. But I still respect your views as a principled stand, and I salute your conviction. Run26.2,
If that’s your view, I can respect that. If that’s your reason not to invest in China, I can respect that too.

I personally believe that capitalism will eventually lead to a freer China. Hence, I have no qualms about investing there. I believe that economic success will create more freedom in China in the long run than a billion shallow threats from diplomats.

But I still respect your views as a principled stand, and I salute your conviction.

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