Prudent Investor

European Credit Rankings: No Up-Trend to Be Found

paer losses? all of them


On Jul 09 11:40 AM wpdragon wrote:

> Eastern Europe - ugh.
>
> Another shoe to drop, and how many big European banks have huge paper
> losses there?

Map of the World's Resources: Nothing Under Europe's Soil

The paradigm has changed. Europe looted the rewst of the world of its resources in the past 2000 years. Now we have to pay for them, standing in direct competition with the Chinese who undoubtedly have deeper pockets.
In general I would say that self-moderation will become the buzz word as we cannot maintain the same resource wasting lifestyle 500+ million (whites) in the US and EUrope has been enjoying. Suddenly there are 5 billion non-Westerners demanding their fair share of the world's resources.

EU Politics: Only Rookies Have No Plan 'B'

valinho, as I do some eu-blogging at thinkaboutit.eu I am most interested in the fact that there is still child labor in Portugal. Any suggestions would be very welcome.


On May 18 11:59 PM valinho wrote:

> the bigest problem with all of those "burrocrats" is that most of
> them have never run a business of their own, being resposible for
> its payroll and cash flow. The population problem in Europe, (I was
> born and raised in Portugal) is derived from obsolet labor, housing
> and education rules. We are educated to be a paper pusher somewhere,
> demand a job that does not exist for which we would not be qualified
> and would not produce enough to pay our own compensation, forget
> about producing a profit to expand the enterprise, and demand that
> that job is guaranteed almost forever working 11 months a year and
> getting paid for 14 months. Then we want to rent a place to live
> in and once you get in the landlord pretty much looses control of
> the property, although still resposible for the taxes and up keep.
> Because those jobs no longer exist and no one is going to invest
> in property under the actual leasing laws, the young people are forced
> to live at home with their parents, where they can not have the freedom
> to develop full relationships leading to mariage. That is my view
> on the problems afecting the european graying population. This
> is a result of two generations accepting the Crap the polititians
> have been feeding us for the last 40 years to keep getting elected.

The EU's Continuing Political Weakness May Doom the Eurozone

I hope being forgiven for quadrupling the peace period in neutral Switzerland. They are "only" enjoying peace since 1815, excluding recent attacks from the USA and Germany on Swiss banking secrecy. Correction has been made. BTW I am a literate Austrian (no kangaroos here) and please google "flaming" in order to educate yourself a bit in commenting. Or go write your own blog.

The Euro Has Significant Problems - And They're Likely to Worsen

Greenspan's Dog: The ECB is formally independent from the Eurozone members. Its shareholders are the Eurozone central banks. Second, it will not be able to come up quickly with a pan-European solution as the packages of various Euro members show. Thirdly, the ECB's balance sheet has grown some 50% this year alone. Leaning towards the Austrian school this is monetary inflation par excellence for me.

Österreichischer Adler: Thank you very much, the rest of Austria is still asleep and has no idea what may happen in the next weeks.