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Originally posted by Colon
And besides, everybody hates the ECB. So it must be doing a good job.
And besides, everybody hates the ECB. So it must be doing a good job.
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Damn straight
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The logjam is usually the tight monetary policy in the case of the ECB.Originally posted by Colon
Far too often in the past politicians have reacted to economic logjams by letting the spigot run loose or devaluating their currency, as an easy, quick fix, with disastrous consequences.
True there are other problems, but things could definitely be better if there were easier money.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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All central banks have tackling inflation as their primary responsibility.Try http://wordforge.net/index.php for discussion and debate.Comment
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Ay carumba! Portugal has just announced it expects a budget deficit of 6.8% of its economy for 2005.
As a practical matter, how is this possible, when the IMF only last month projected a 2.8% figure for the year? Smells fishy.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Do both use the same numbers in the same way?Comment
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I think so. I believe the numbers are conformed to the standards (that the IMF also uses) for purposes of the Euro budget pact.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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What is a budget deficit of the economy? A decline of the PIB? Or a deficit of the governement budget?Originally posted by DanS
Ay carumba! Portugal has just announced it expects a budget deficit of 6.8% of its economy for 2005.
As a practical matter, how is this possible, when the IMF only last month projected a 2.8% figure for the year? Smells fishy.
Statistical anomaly.
The only thing necessary for the triumph of evil is for good men to do nothing.Comment
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General government fiscal deficit. Divide that number by the aggregate economy and times by 100%.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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I'd rather check that up, before using these numbers in any argument...Originally posted by DanS
I think so. I believe the numbers are conformed to the standards (that the IMF also uses) for purposes of the Euro budget pact.
Not that I'd be any more interested, because I don't really care about Portugal's deficit, but believing and thinking is not really making a strong case.Comment
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I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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DanS, haven't you been claiming the Euro was dying for a couple of years now? It's funny how you can be so pessimistic on the Euro but so unfailingly upbeat and selective with the US economy.Try http://wordforge.net/index.php for discussion and debate.Comment
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good news, the USD is gaining ground on the euro and CHF."Everything for the State, nothing against the State, nothing outside the State" - Benito MussoliniComment
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He's a Neo-Liberal nut, Europe-bashing is thier MO.Originally posted by Oerdin
DanS, haven't you been claiming the Euro was dying for a couple of years now? It's funny how you can be so pessimistic on the Euro but so unfailingly upbeat and selective with the US economy.Comment
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that number is corrrect, its in the economist. and its more then twice the limit by law.I'd rather check that up, before using these numbers in any argument...
Not that I'd be any more interested, because I don't really care about Portugal's deficit, but believing and thinking is not really making a strong case."Everything for the State, nothing against the State, nothing outside the State" - Benito MussoliniComment
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