"In its autumn report which it published today, expect an increase in the institutes of the gross domestic product (GDP) by 3.5 percent, was told the Handelsblatt in circles familiar with the data. 2011 economic performance is expected to grow by another two percent. This would at the end of next year reached again the pre-crisis levels. .... This makes Germany the superstar in Europe. Because the opinion is that the economy across the euro-zone down this year by 1.6 percent, coming in at 1.3 percent. ... " now writes the Handeslblatt . Concomitant over-proportional increase in the debt and asset plays no role in the analysis however, since it is identified as: "... wage increases and falling unemployment can aggregate wage bill rise sharply. It is considered a key factor for the development of public finances, largely because the tax and contribution income determined ...." . Sounds so casual, but is pure cynicism: Only pay the creators their own recovery by pumping, and then he has the associated support and Increasing the capacity of course, still Abstottern itself. Of fair property taxation, of course, no trace is to discover, let alone in the ever-same "economic orphans".
Now, the current upswing, or better, the recovery is not more than the usual cyclical fluctuations in economic at the long-term average. Of course the crazy generate billions of dollars on behalf of the little man for a temporary improvement, but these amounts have not disappeared but have become so only to assets in other hands. And now all take for granted the gift of money Interest on the demand and GDP consistently pump out. This leads to the well-observed setbacks, they have to follow every so borrowed boom. Thus we read in the same Journal : "Conclusion: The additional debt, which made many countries to save their banks and stabilize the economy, have exacerbated existing problems in state finances. "The government debt ratio in 2010 in many cases as high as S & P would have expected around the year 2030," said Moritz Kraemer, director of sovereign ratings in Europe, Middle East and Africa .... Three years ago, S & P was still come to the comparatively undramatic conclusion the debt ratio - the ratio of public debt to gross domestic product (GDP) - Germany will increase in 2050 to 99 percent. Today the agency is a shocking 400 percent of GDP. And in the other G7 countries, it usually does not better ..... Jagadeesh Gokhale, the economist calculated in this way in early 2009 that every EU country had an average unmet financial obligations of 434 percent of its annual economic output. These obligations allegedly resulted primarily from pledges of PAYG social security funds ....".
The debts are not predictable, it takes Mr. Rürup position. ".. the former head of the Advisory Council therefore sees such considerations critical. "Because of the qualitative differences not it is legitimate to aggregate explicit and implicit public debt to a size," he criticized. The crucial difference between explicit and implicit debt would be that explicit debt were represented and protected by private law, while implicit debt based on transfer requirements. And these claims, the state could withdraw at any time, unilaterally, such as the various pension reforms in Germany demonstrated. "It is easier to reduce the implicit debt," says Rürup ... "And above Hr. Kramer assists: "The sooner the politicians on the population specify that they do not keep their promise, the easier the adjustment process is "
In plain text. No one really thinks it to pay out for yourself, perhaps, their pensions and pension claims in the future, it happens to be fact. that the continuation of the current fiscal policy, or better, and more precisely.. distribution policy is totally illusory from the 2020s The same To say this before, it is sufficient to operate a simple calculator from completely
So, we can make fun of us on why. yes we love the carnival in the Rhineland so much "... nor size: eme et jot jejange .. how much are the lawyers, it dat but ejal ... but Drennan ene met up net su un vice a!. If you hear such a joke: So we had the last EU-bank stress testing. Results: The need for subsidies for European banks would be set at only 3.5 billion euros. Well, shortly after Ireland's government jumps at his local bank with € 70 billion, driving the federal deficit on the European record of around 32%. "Taera, Taera, Taera ... and ink." Well, where it is laughter, the joke about you not understand? Be not so humorless, who died laughing in the background at any rate half that no one noticed the gag really.
But that's us go from the gag would not: you know the "Greece will get its debt under control," a real hoot, I tell them. The goes so : "... Greece will pay back the billions in aid from European Union and the International Monetary Fund (IMF) might later than previously agreed. ... Meanwhile, Greece was able to place a new loan. The country gained on money market instruments with a maturity of 26 weeks 1.17 billion euros. The yield was lower at 4.54 percent as being situated in September, said the Greek Ministry of Finance. There was a further part of success on the long road to recovery of the Greek finance, banking experts judged in Athens. ... ". Which is good, right? Not understand? Well, I explained the joke: First the Greeks, of course, can not really pay. Well, we all know, but that's why the joke is so funny. So, push the agreed payment terms ever put off indefinitely, and only a few months after they had agreed to that. Man, this breaks my now ... and the diaphragm goes 's : "... The debt burden remains high, the economic output is falling, and protests of the population increase. But just in the past two weeks put a Greek papers impressive progress towards: the yields on ten-year rate fell by 1.5 percentage points. They fell from 10.42 percent on 24 September to 8.94 percent. ... ". Class was not, they know what mean "only" 8.94%? In ten years there are around € 330 billion instead of € 777 billion debt. This is a Schenkelklopfer, right, and again no one's noticed, just Suuuupeeeer!
And the HRE is always a good : "... first step towards returning to normality: the nationalized property bank Hypo Real Estate will back guarantees from the federal to the value of 23.5 billion euros. This would the guarantor vouch for only a hundred billion ...." . Only 100 billion, a blessing. But once you have the real joke is not really noticed, the "normality" is simply allowed to outsource the HRE recently around 200 billion into an equally state of BadBank Soffin. The stick you dear reader, now in a separate capacity and future tax burden of direct and definitive, in addition to the leg! And, and, yes, there are still much more gradually after these things ... until you eventually complete the malaise in the neck ... while the HRE Manager for The summit "normality" and then in 2011 officially and unabashedly thick may reap bonuses Manoman .... is the good.
a joke And the neighbor, still chasing One of the good : an "... The U.S. Federal Reserve announces new cash infusions, the Dax and promptly shot up to its highest level since September 2008 ...." It fits At the moment it all, "said one trader in Frankfurt, the mood among the investors on Tuesday night .... After the released minutes of the September meeting, the Fed is ready to pump possibly after the next rate-setting meeting in November, cheap money into the economy . The U.S. central bankers have the impression that soon again further stimulus measures were appropriate, went from the transcript The meeting produced ...." .
Yes at the "really fits all," We print hard-working, money, allowing you to remove make not only their legal retirement can, but also your small fortune. But do not worry, from 300 million you are still on the safe side . And the goal is so predictable, even if you get it for only a bag of bread rolls. Until then, you can however drive with some trade time: "It's the old story: the talk about a package to stimulate the U.S. economy and too much liquidity," said commodities trader Ronald Leung of Lee Cheong Gold Dealers in Hong Kong. "There is virtually no interest, so each run in commodities and in the stock market." In his estimation, the mark could [for gold] from $ 1,400 to be reached soon .... The euro rose on Thursday morning to $ 1.4094 and was as expensive as last end of January .... Investors are speculating that the dollar any further cash infusions, the Fed even more the case, said a dealer. According to the minutes released on Tuesday the recent central bank meeting last solidified the willingness of bankers to take the dollar printing presses again ...."
Sun jokes Financial Times Germany further: "... The Americans forced the world to inflation - which now must consider how they responded to ..... An important role in both processes, an aggressive monetary policy of industrialized nations, especially the United States. Roughly speaking, the Americans want to miss the rest of the world inflation, while the world wants to impose on Americans a deflation. The U.S. is here already as the winner, as their ammunition supply is unlimited: the Fed can therefore print many dollars as it wishes. be negotiated only the terms on which surrendered the rest of the world must, therefore, the necessary changes in nominal exchange rates and the domestic reforms that are taking place worldwide must .... China will [however] the United States impose a deflationary acting savings, such as Germany does with Greece. But this will not happen and would not be in the interest of China. As a creditor, it would indeed benefit from a real growth in value of claims against the United States. A local deflation could lead to a global economic crisis .... Instead of looking at the adjustment of exchange rates and balance of foreign trade cooperation with the other to force their will by the U.S. presses on. The Americans will win this war. Unfortunately, this creates a hopeless mess currency .... It would be for all concerned better to find a cooperative solution. ... Your meeting in Seoul in November for the next opportunity. The need exists, but whether the will is there, may be doubted. " But the subtle humor of the Chinese people goes deeper. Although you could now sell their 2.65 trillion (2.650.000.000.000) Doll hierarchs simply the long-nosed overseas to its knees. But it goes much better so long, the Greens still have a value: "... Beijing controlling "the world's increasing access to strategic natural resources, what long-term supply disruptions in particular for rare metals" fear in Europe let .... In Central Asia, Beijing with "aggressive financing practices' own supply. Apart from the dispute over monetary policy threatens another violent conflict between economic China and the West. "They have used our temporary soft patch and secured with a subsidized financing market share," said outgoing Eastern Committee Chairman Klaus Mangold, "Have you noticed
's". ... Our temporary weakness ...", not saugut right? And there is one set on it: "... Brüderle (FDP), the exports of the Chinese referred to so-called rare earths on Wednesday in Shanghai as an "unfriendly act". China controls more than 90 percent of some rare metals, and had reduced the export quotas last. ... Particularly in Central Asia bring China raw materials offensive under his control, complains the Eastern Committee. Beijing use the advantages of a centralized economy, Mangold said: "The Chinese show that they can act counter-cyclically as State-controlled system in crisis." In Kazakhstan and Uzbekistan to China, a ceiling with strategically important raw materials and sell credits for "quasi for free "...." . This is now of course the irony of history "... The Chinese show that they can act counter-cyclically as State-controlled system in crisis." while for our capitalist coalition holds: "... The Chancellor's Office on Wednesday dampened hopes for a tougher line against China. "The buying of raw materials in Germany is not a state matter but a matter for the company," it said ...." .
He is so good that I am literally shaking and tears: the victory of communism over capitalism ... yeah, right, China is still a communist country ... Marx and Mao balls now in coffin! are now but please not the same as xenophobic, and join as one of the many new carnival clubs to: "... According to a new study by the Friedrich-Ebert-Stiftung has increased during the economic crisis xenophobic attitudes significantly. Thus each believes about a third, migrants came alone to Germany to take advantage of the welfare state and should be in times of scarce jobs back to their home countries do not show ..... Many settings measured here simply a dissatisfaction with economic conditions - but values that are incompatible with liberal democracy. This is about the desire for a "leader with a firm hand" (13 percent approval) or a single "strong party" for the "national community as a whole" (just under 24 percent). And these include the desire to significantly restrict Muslims in the exercise of their religion (58 percent )..... In West Germany, the middle class in some right-wing than the bottom layer. That the center of society shifts to the right, the authors explained by the fear of losing in difficult economic times. ... Thirteen percent of respondents, the study of the opinion that the Germans were "inherently superior" to other peoples. Fifteen percent believe the Jews as "peculiar to themselves and do not really fit us." And more than a third found that Germany was "überfremdet in dangerous measure". "
The later it gets, the worse the jokes ... our strong leader, medicinal cooking or whoever it may, the returns still alive, fresh from the grave .... the shit, uh, shoot. So we first make it a day, a few of the really good saving I still on for the next session. One thing I can promise you, this session was good, but the next one in 2011 that is still viiieeel Better!
0 comments:
Post a Comment