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Thread: France - Hollande

  1. #91
    Senior Member armored_diplomacy's Avatar
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    Seems that Market will not welcome this ...

  2. #92

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    Quote Originally Posted by Martel View Post
    And Algerian and Moroccan flags waved in the Bastille crowd at the very same moment
    hehe amazing, a sign of things to come

  3. #93
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    Quote Originally Posted by armored_diplomacy View Post
    Seems that Market will not welcome this ...
    It will be a sad day in Europe when the market will have a say in elections.

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    Quote Originally Posted by Enosh View Post
    hehe amazing, a sign of things to come
    Yet another lame post from you.

  5. #95
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    Quote Originally Posted by Mackie View Post
    I don't know why everybody gives that damn much on currency effects. If that would be the ultima, what's with the US? A massive devalue of the Dollar and nothing happens.
    The Euro went up against the dollar in the last decade, the US global market share down by almost a half since 2000. (~28% to ~14%). Currency differences can't be the backbone.
    The success goes hand in hand with structural reforms. That's what Schroeder did years ago. Finnland, South Korea did it after their own financial meltdown in the 90s.
    And all this countries did well in the crisis. If the old currency argument of the neo-cons would be right, South Korea would face a massive crisis like Japan.
    What's the difference between them? Structural reforms! Japan tries to keep the 80s, SK is extremely flexible.

    The hot zones of recession had one in common: A subprime bubble. Spain, Ireland, the US, the UK.
    A lot of them had a spending orgy and lousy politics in the package.
    Greece was always a problem. Wasn't a real surprise. And Italy? Well a 2% deficit - sounds ok to me.

    So why is the EU crisis so present? Well, the US is one country with on central bank. It rescues it's banks with it's daily debt service and keeps the econony in stagnation with debts.
    That's not possible here. The deficit would e illegal. So the EU jumped in the cold austerity water earlier, while the US politicians still sit on the sinking Suprime ship.
    I am not sure what is the better or easier way but I know you can't keep the ship too long
    .
    It's a simplistic comment. The Americans are in better shape than Europe for a multitude of reasons, and it will become more and more apparent over the next few years.

  6. #96
    Senior Member wotsnext's Avatar
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    Quote Originally Posted by my name again View Post
    It will be a sad day in Europe when the market will have a say in elections.
    Very true.

  7. #97
    Senior Member Steak-Sauce's Avatar
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    Quote Originally Posted by Piano View Post
    The Americans are in better shape than Europe for a multitude of reasons, and it will become more and more apparent over the next few years.
    Out of interest, for what exact reasons are they in a better shape than us?

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    Senior Member Ivan le Fou's Avatar
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    I wonder who he will chose to be in his government now.

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    Senior Member DS73's Avatar
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    Quote Originally Posted by KoTeMoRe View Post

    Germany has a yearly fiscal evasion of 240 billion euros...who do you think they are fooling with the Greek Moussaka.
    Wat?
    Germans pay only 70% of what they should? Care to show the source of this marvelous number? O stupid world, all people believe ival german government studies that those few irresponsible germans hide ~30bln of taxes and "timbres" per year, but brave double lawyer is going to save us from this ignorance. Will you?

  10. #100
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    Quote Originally Posted by DS73 View Post
    Wat?
    Germans pay only 70% of what they should? Care to show the source of this marvelous number? O stupid world, all people believe ival german government studies that those few irresponsible germans hide ~30bln of taxes and "timbres" per year, but brave double lawyer is going to save us from this ignorance. Will you?
    http://www.econ.jku.at/members/schne...deterrence.pdf

    And these are the numbers for 2004/2006.

    You know I really pity you. Really.

  11. #101
    Senior Member DS73's Avatar
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    Quote Originally Posted by KoTeMoRe View Post
    http://www.econ.jku.at/members/schne...deterrence.pdf

    And these are the numbers for 2004/2006.

    You know I really pity you. Really.
    Khhm, a technical article of a known author.
    Now, the question is: where these 240 bln of tax evasion in this article?
    You quite consistently mess up acronyms and terms and I have to see yet one, just one, correct citation or real piece of information coming from you.
    Apparently the only thing you have learned is to go ad hominem when challenged. Silly.

  12. #102
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    Quote Originally Posted by DS73 View Post
    Khhm, a technical article of a known author.
    Now, the question is: where these 240 bln of tax evasion in this article?
    You quite consistently mess up acronyms and terms and I have to see yet one, just one, correct citation or real piece of information coming from you.
    Apparently the only thing you have learned is to go ad hominem when challenged. Silly.
    Real piece of information? You should read the material provided to you and make up your mind. In 2006 German estimates (as described in this long piece) put it at 8.5 % of W.Germany GDP

    Having said that...off course I do not see you even trying to understand this. Factually the official fiscal findings in every country show the uncovered part of the theft (Chiffre Noir) not the total criminal extraction. Just like any other form of criminality.

    Oh going ad hominem on you? The only such possible mention from now on, would be giving you advice to learn English. Not Angrylish.

    And for the first time, not only was your input weak. It was also completely half-cocked.

  13. #103
    Member Piano's Avatar
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    Quote Originally Posted by Steak-Sauce View Post
    Out of interest, for what exact reasons are they in a better shape than us?
    They're in better shape than Europe in almost every way.

    1. In per capita terms, America is already between 20-30% richer than Germany, the UK and France. In other words, they are decade ahead growing at a rate of 2-3% of GDP a year.

    2. In 2012, total debt is lower in America than in the major European economies. They are also deleveraging more effectively.
    http://www.mckinsey.com/~/media/McKinsey/dotcom/Insights%20and%20pubs/MGI/Research/Financial%20Markets/Debt%20and%20Deleveraging%20-%20Uneven%20path%20to%20growth/MGI_Debt_and_deleveraging_Uneven_progress_to_growth_Report.ashx

    For an extreme example, debt of US financial institutions is 40%, compared to the UK (219%), Japan (120%), France (97%), Germany (87%) and Italy (76%).

    3. They have one of the youngest populations in the developed world, and their demographic profile is far more promising than in any of the major European economies.

    4. America dominates almost every area of scientific and technological research. In total America invests 50% more in scientific and technological research, than the 25 countries of the EU combined.

    5. In 10 years, America is set to become the world's largest oil producer, as their shale oil and fracking industry begins to come online. The natural gas boom of the last year is already bringing down manufacturing costs and increasing competitiveness with energy importers like China.

    6. The biggest threat facing the American economy is the upcoming collapse of the Eurozone. This will be very bad news for America, but I don't think it needs to be mentioned that it will be a lot less bad for them than for us.

  14. #104
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    Quote Originally Posted by Piano View Post
    They're in better shape than Europe in almost every way.

    1. In per capita terms, America is already between 20-30% richer than Germany, the UK and France. In other words, they are decade ahead growing at a rate of 2-3% GDP a year.

    2. In 2012, total debt is lower in America than in the major European economies.They are also deleveraging more effectively.
    http://www.mckinsey.com/~/media/McKinsey/dotcom/Insights%20and%20pubs/MGI/Research/Financial%20Markets/Debt%20and%20Deleveraging%20-%20Uneven%20path%20to%20growth/MGI_Debt_and_deleveraging_Uneven_progress_to_growth_Report.ashx

    For an extreme example, debt of US financial institutions is 40%, compared to the UK (219%), Japan (120%), France (97%), Germany (87%) and Italy (76%).

    3. They have one of the youngest populations in the developed world, and their demographic profile is far more promising than in any of the major European economies.

    4. America dominates almost every area of scientific and technological research. In total America invests 50% more in scientific and technological research, than the 25 countries of the EU combined.

    5. In 10 years, America is set to become the world's largest oil producer, as their shale oil and fracking industry begins to come online. The natural gas boom of the last year is already bringing down manufacturing costs and increasing competitiveness with energy importers like China.

    6. The biggest threat facing the American economy is the upcoming collapse of the Eurozone. This will be very bad news for America, but I don't think it needs to be mentioned that it will be a lot less bad for them than for us.
    1. External debt of the US is by far more important than that of the EU. And this despite the EU being a patchwork of nations.

    Not willing to put forward the Private debt of the US Population, that is the party killer.

    2. The age of the population is currently of no significance. Russia has had Population issues yet it managed to pull the standart of living up. Given the general outsourcing of labor intensive jobs from the EU, having a transition population might help us reset the Education/Job equation.

    3. America dominates, it does not mean it will keep doeing so. Especially with vast markets being out of its reach (India/China). See Japan for a refined view of technological mastery).

    4. In a decade oil will more than probably problematic to bet your future on. Especially given the fact that America gluttony on fuel is not curbed down.

    5. The biggest threat looking at America is Chinese expansion and Internal market. If it blossoms and China has a peaceful transition from an autocratic system to a more liberal one, prepare to be stomped, just like the rest of us.

  15. #105
    Senior Member DS73's Avatar
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    Quote Originally Posted by KoTeMoRe View Post
    Real piece of information? You should read the material provided to you and make up your mind. In 2006 German estimates (as described in this long piece) put it at 8.5 % of W.Germany GDP

    Having said that...off course I do not see you even trying to understand this. Factually the official fiscal findings in every country show the uncovered part of the theft (Chiffre Noir) not the total criminal extraction. Just like any other form of criminality.

    Oh going ad hominem on you? The only such possible mention from now on, would be giving you advice to learn English. Not Angrylish.

    And for the first time, not only was your input weak. It was also completely half-cocked.
    Estimates what? And why 8.5? Do you actually know what black activities mean here? O. My. God. I thought you were trolling, being true commy and staff, but you're simply a stupid commy. And btw, it's 1.1% of W.Germany GDP, the number 8.5% was related to the percentage (share as was written in the article) of interviewed who has admitted "black activities" in the past. You do mess acronyms and terms. All the time.

    Since when Tax evasion=shadow Economy=black activities? Do you have actually any idea what all and any of these terms mean? Dude was collecting everything in one messy table with a faint idea to illustrate estimation difficulties. The estimation of his dear child: horrible in his opinion "shadow economy".
    btw. even now, being threaten by the decimation of work force and significant budget cut the Tax Union sings about 75 bln. They don't dare to pimp "estimate" higher. Because even this number is ridiculous.

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