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  • Marc Faber on the Economy, Gold, WWIII [View article]

    Very great. I am from Europe and always being told that I am a communist or so.

    But take the article above, YOU USA complain more about government and less about your own actions as the people in the former communist states do.
    Jan 7, 2009. 08:54 AM | 26 Likes Like |Link to Comment
  • The Law of Unintended Consequences: 20th Century and Beyond [View article]
    Unintended Consequences of Cheap Oil

    WOW - I am so glad somebody once mentioned this in this detail. Yes that is the reason why we have small cars and high petrol cost in Europe. The bigger you are the harder you fall.

    Oil is a limited resource !!!!!!!!!!!!!!!!

    Put price on oil mega high, and your problem will be solved. People will think before driving, people will think before buying, get a non gobbler from GM or Ford, try to find a job closer to home, Isolate your homes, invest the money in public transport, generate revenue, fund alternate energy

    You see its not that bad - NOW is the time for US to realize that they did it wrong, big IS NOT BETTER, I am from a small country Austria, we live really great here like the Swiss.

    I will surely get some negative ratings here :-))
    Jan 5, 2009. 12:33 PM | 15 Likes Like |Link to Comment
  • Suburban Housing Markets Are Unsustainable (Part 2) [View article]
    I really like to read the articles, especially Mr. Quinn.

    Please try not to respond to Cetin, it was fun at start, but now is really draging down the level of discussion.
    May 15, 2009. 07:29 AM | 11 Likes Like |Link to Comment
  • The Bailouts Are Doomed - All of Them [View article]
    When the first bailout plans where laid down, Germany was still working on the concept. And of course, US was again shouting: what are you waiting for !!

    It always seems to be the same case.

    One of the most ridiculous things this this lobbying, which unfortunately is also starting to get around in Europe. We are starting to implement laws against this, and I hope it will catch.

    I hope the US will find laws to eliminate this to some extent.
    e.g. each politician has to show his personal income during and yearly audit.
    In Europe parties are by absolute no means allowed to receive funding by private companies

    Politics have to be strongly isolated from the industry.
    It is not our European social system that is not working, it is the US political system.
    Jan 5, 2009. 09:59 AM | 11 Likes Like |Link to Comment
  • FDIC Sold $295 Million Worth of Commercial Loans in April, at 60 Cents on the Dollar [View article]
    Dear Tyler,

    The only feedback I am able to give is my admiration for your articles, they give me a great point to start with further analysis, since you seem to have a good insight to information and present the data short and precise.
    Unfortunatly I often don't understand a lot of it, but I am learning. Please keep up with it.
    Jun 7, 2009. 07:11 AM | 10 Likes Like |Link to Comment
  • Austrian School of Economics Is on the Rise [View article]
    In Austria w do have a overall spending on "socialistic" issues of approximately 50% of income. This includes pension insurance, medical insurance, unemployment insurance, tax and other further small payment like subway tax etc.
    Average taxation is approx. 30% due to progressive taxation.
    This is probably the amount that is required to keep a system running sustainably. As we can see in the US many public goods have not maintained, and these will get back at you, due to lack of investment of private companies. Roads, Power grid, School ...
    Jul 12, 2009. 10:46 AM | 8 Likes Like |Link to Comment
  • It's Time to Stop the Economic Gloom and Doom [View article]
    Interesting to hear two people of my country Austria being quoted (Schumpeter and Hayek).

    Since I live in a country where we tend to find a way between capitalism and communism, I fully agree with the article, it has a good spread. Our histroy has proven that you need to find a middle way between two extremes.

    Due to the system we have here we are not panicking so much, since the 5-10 % which will get unemployed, will be caught by the rest. This is not in the sense of US capitalism, but currently nodody knows who is going to be laid of, so it is a win-win situation. You spend it for the army, we for the unemployed, so lets discuss which system makes more sense.

    Against all opponents - unemployment is nothing that you just do for fun and have a good time, it supplies you with only the basic needs, and surely everybody want to get out of it ASAP.

    We are very fond of Obama, and we think the investments he will be doing for society is not wasted money. Schools, roads, infrastructure and further investment are for the general benefit, and should have been done way back.

    Vienna is very close to the former cummunist states, and for one thing I can tell you, these people may not have as much as you, but they are nice, kind and modest people. I have been to the states often, and here is something for corporate US,

    Jan 2, 2009. 03:51 AM | 8 Likes Like |Link to Comment
  • Why This Rally Is Unsustainable [View article]
    I think by now we all enjoy having Cetin here for one or another reason

    Someone still optemistics
    and even maybe: sometimes things go different as everybody thinks. Think of the way that US always told everybody how to do business, but screwed up themselfs. Maybe China will do well, maybe Europe is doing better than US, as usuall. US is down 6% (as always astonishinglky more than the experts say)

    On May 01 08:52 PM Donkey Kong wrote:

    > Stop posting because no one is listening to you......
    May 2, 2009. 12:06 PM | 7 Likes Like |Link to Comment
  • Random Walk Down What Is Definitely Not Wall Street [View article]
    I stay in Slovakia in a town called Trencin. It is not quite that bad here, but surely do do find many unfinished houses, and I know of ohne new shopping center, where 18 out 20 strores are empty. Last year three quarter where occupied.
    The problem here is that they don't have their own brand, products; can't really compete with highly automated manufacturing, but are still to expensive in comparison with China/India CI competition.
    Gladly I can give you more info on the situation here.
    I used to work for one of the largest coupon state privatization companies, so I have some insight here.
    Jul 14, 2009. 08:13 AM | 6 Likes Like |Link to Comment
  • Employment Numbers Uniformly Horrible [View article]
    You have always been putting america first ! Your poured your toxic assets all over the world, bombed countries to fund your military complex, and buy tons of cheaps stuff from poor people to generate massive revenues for your corporations.
    US was one of the few countries not to sign Kioto protocol, so don't complain about environmental standards of other countries.
    What more do you want to to for america.

    On Jul 02 06:14 PM Socialism cannot compete! wrote:

    > And what exactly is wrong with protectionism? As an alternative to
    > our jobs being siphoned off by countries that have absolutely zero
    > standards for pollution, working standards, and fair wages? Maybe
    > it's about d@mn time we put America first!!!
    Jul 3, 2009. 05:52 AM | 6 Likes Like |Link to Comment
  • California's Economy: Disaster Developing [View article]
    Well, we have been somehow proud of this in Austria, but also a little surprised. In Austria politicians are not family groups, and by my knowledge we never had an actor, nor do I believe this will ever be the case. We do not accept campaign money for parties, this is paid by the budget.

    In the US you have had 2 actors, a father and son within a few years. How astonishing.
    May 17, 2009. 08:37 AM | 6 Likes Like |Link to Comment
  • The Law of Unintended Consequences: 20th Century and Beyond [View article]
    A very good article. In my comments I have posted a certain approach towards reasonable socialism. This includes how to handle the oil thing, homeless, uninsured etc, which i can find very detailed in your article.

    This is a very great article - it greatly represents our attitude in Europe !!!

    I do think that the one or other point could need further discussion, e.g.

    - the unfunded medicare - it works here in Europe where live expectancy is higher, we always surely need to adopt it to the age pyramid, but this gives us a better future outlook than waiting to have nothing. Cost is approx. 10% of GDP for medical insurance , slightly lower than US what i know, but EVERYBODY is ensured here, whereas in US by some numbers 25% don't have insurance. AND - our medical service is surely the same quality as the US.

    - 2% savings - I know many articles that give USA a current NEGATIVE savings rate , US statistics are often faked

    - many articles rate the current unemployment to 10%, since many people don't register their unemployment

    At base line it is very solid, very good article with many points to think about and take as reference.

    congratulations for the great article, best one I have read.
    Jan 5, 2009. 12:17 PM | 6 Likes Like |Link to Comment
  • Morici: Depression or Recession [View article]
    I live in Europe/Vienna. We have been having long debates on the pro and cons of government controlled health, pension systems and tax rates of 50%.

    It was always mentioned that the US was absolutely against this and constant threats where posed if government interfered.

    After many years many US industries are disappearing as Nr. 1 key players. Since I have been to the states a few times with automotive industry I know of the deep hearted reject of anything that has to do with socialism.

    Well, here we have this system and I am grateful for it. The future will show how the US will continue to cope with globalization.

    Here in Europe this system is working good for us, and we hope it will help us through the recession better than a free live and let die system.

    Please - this is my personal remark, no need for anyone to call me something, as many people like to do if some other opinion does not equal theirs.
    Dec 6, 2008. 02:51 PM | 6 Likes Like |Link to Comment
  • I Was Wrong About GM Bankruptcy [View article]
    One thing that you should always keep in mind, that when companies restart, it goes into hype and all are celebrating the new start, fine.
    But don't forget, all the old minds and habits are still there. I have seen this in CEE many times, old state companies that where taken private in the 1990's still work in their old fashion, due to management, development, production etc. still working according to their habits. It takes generations for change, and not just a few weeks.
    Keep good track on what is going on, since a few years ahead you might see GM in the news again. And please don't tell me the US is significantly different in this. I have read a lot about the history of GM, Unions, management etc.
    Jul 8, 2009. 11:38 AM | 5 Likes Like |Link to Comment
  • NYSE Issues Correction in Goldman's Trading Volume: Anything Else We Should Know? [View article]
    @ Tyler,
    case you read this, your article over RZB has caused major newspaper adds on our banks stress test.
    There was an article on dark pools in a major newspaper last week.
    Hope you keep posting Austrian relevant stuff too in case it gets passed you.
    Jul 8, 2009. 05:32 AM | 5 Likes Like |Link to Comment