It's not me you should be questioning. It's the books. the newspaper articles and the blogs you read that you should be questioning. Try looking at the bigger picture. Start by asking yourself who's benefiting from the the ECB's recent quantitative easing strategy.
You realise I'm pretty much against state intervention? I think they are guessing and will get it wrong as many times as they get it right. As for QE in the short term people who own assets or owe debts will benefit (it's already knocked about 5% off my Euro mortgage debt! woohooo), but I suspect we won't see the true effects for years - and I'm not even sure if it will be good for the banks, as it's artificially raising asset prices (quite a lot of them not even productive, like houses) and having those on the books will be no good in the long term if there is a correction based on real productive value - it could be walking straight into another bust once the money stops printing.
This from the mongo whose abiding quote of the 20,000 post referendum thread was along the lines of "why does everyone care about the economy?" Hard left are equally as dangerous as the hard right, Greek creditors, already written off chunks of the debt in the first place, are going to be ordered by the new Greek government to write off the money they lent to Greece to fund their previous huge state which neglected the need to collect taxes as a rule. So let's say, somehow, the creditors accept this 'order', then Italy, Ireland, Cyprus and Portugal go, "well if that worked" and start defaulting on their debts, and then every country running a deficit go "**** this" and everybody just stops paying their debts because they can.... then we all go to war with people, or the big countries start invading the debtors and seizing their national resources like the Weimar Republic, which leads to impoverished citizens voting in totalitarian psychopaths who set about installing jingoistic propaganda all over the national press and.... If Greece defaults and disorderly exit the Eurozone, then the Euro will more than likely plummet, making the UK's goods harder to sell in the EU and we'll go back into recession. That's how I understand it, but please tell me what I'm missing oh powerful poofter with the secret that he cannot let anyone else know.
This Well said, Mick. Always knew you were one of the good ****s and it's time like this, after reading one of your long-winded and not-in-any-way-tedious replies on such an exciting subject as Economics, that i'm truly appreciative of you as a person. Keep up the good work, mate, you're one in a million xxx
Thanks Jiffy. I always knew you were one of the good lads. Now just stay off those team boards and possibly change your username and avatar so the tender headed stop getting upset, and we'll do just fine
Have folk been complaining about my username and avatar!? Is that not me being SUBTLE, like you asked? CHECKMATE.
You killed Demis Roussos you bastards. http://news.sky.com/story/1415163/greek-singer-demis-roussos-dies-aged-68 Leave Nana Mouskouri and Vangelis alone.
Quite surprising the fat **** lasted so long. Or are the health professionals lying to us so they can blame all the stress on NHS resources on the fatties like wot they do with smokers and drinkers? We need Eddie to be looking into this.