House prices....

A.L.D.A

qwert_yuiop wrote: »

Eventually, yes, once the whole thing goes out of control (You mean someone is in control?), but QE is an attempt to stimulate the economy after interest rates of zero have failed to. Remember when dropping rates used to cause a mini boom? Not any more.

I think M4 money supply is what is important.


SaverBuyer

On face value the South looks in worse shape, having more debt, but the the government take is much lower than the UK and the economy looks set to expand. There may also be renegotiation of loans.

Like much else it is a mixed bag, but they are more likely to really go for growth. UK governments seem to have a poor grasp of the concept.

saverbuyer

A.L.D.A wrote: »

I think M4 money supply is what is important.


SaverBuyer

On face value the South looks in worse shape, having more debt, but the the government take is much lower than the UK and the economy looks set to expand. There may also be renegotiation of loans.

Like much else it is a mixed bag, but they are more likely to really go for growth. UK governments seem to have a poor grasp of the concept.

That's some serious serious growth ALDA. It's not going to happen. Not a chance.

A.L.D.A

qwert_yuiop wrote: »

I cannot see how a country can exit the euro just like that. When the euro was launched, we had several years' warning. It would have to be flagged weeks if not months in advance, causing a total clear out of all local banks. As soon as word gets out, it's mayhem. Argentina was tied to the dollar, but they had their own notes and coins, so they just declared the tie was cut.

We're straying off topic here, but I'd be glad to hear everyone's ideas on how Dublin could break with the euro.

Prepared to eat my hat of course.

It could be Germany that leaves!!!!!!!!!! If anything like this is to happen it will probably happen over a public holiday.
:beer: Fröhliche Weihnachten! :beer:

saverbuyer

qwert_yuiop wrote: »

I cannot see how a country can exit the euro just like that. When the euro was launched, we had several years' warning. It would have to be flagged weeks if not months in advance, causing a total clear out of all local banks. As soon as word gets out, it's mayhem. Argentina was tied to the dollar, but they had their own notes and coins, so they just declared the tie was cut.

We're straying off topic here, but I'd be glad to hear everyone's ideas on how Dublin could break with the euro.

Prepared to eat my hat of course.

Worth a read.
http://www.davidmcwilliams.ie/2011/11/14/the-end-of-the-euro-is-nigh

A.L.D.A

saverbuyer wrote: »

That's some serious serious growth ALDA. It's not going to happen. Not a chance.

And this is NI and not the UK. So question is will the RoI have positive or negative impact on the local economy? I am an optimist so I am hoping increasingly positive. Their economy has taken a hammering. Is it going to contract further? I doubt it. As they recover opportunities will increase.

qwert_yuiop

A.L.D.A wrote: »

And this is NI and not the UK. So question is will the RoI have positive or negative impact on the local economy? I am an optimist so I am hoping increasingly positive. Their economy has taken a hammering. Is it going to contract further? I doubt it. As they recover opportunities will increase.

It's an export based recovery, which demands foreigners buy their products. So those foreigners would better not be in recession, too.

A.L.D.A

qwert_yuiop wrote: »

It's an export based recovery, which demands foreigners buy their products. So those foreigners would better not be in recession, too.

Tell that to China. I think a bigger problem is the concept of growing your economy by allowing tax manipulation for companies based elsewhere.

qwert_yuiop

A.L.D.A wrote: »

Tell that to China.

.

I think a bigger problem is the concept of growing your economy by allowing tax manipulation for companies based elsewhere.

Here's something I don't understand - damaging your economy by allowing tax manipulation for companies based elsewhere. The Branson empire (new owners of your and my very own bank, Northern Crock), is based in Switzerland, formerly Bermuda, and Top Shop etc retail chain is based in Monte Carlo. And Branson and Philip Green both get knighthoods. Surely something wrong there?

China - they're all part of the same Ponzi scheme.

A.L.D.A

qwert_yuiop wrote: »

China - they're all part of the same Ponzi scheme.

I think you need to do a bit of editing in that reply. The quotes and unquotes are in the wrong place.

I am not particularly fond of the way the world is run, but it is as it is and I doubt if I will make much difference.

The word Ponzi keeps coming up when economies and particularly money is mentioned often inappropriately. I prefer to think of money as a lubricant. Too much and the engine belches out smoke and too little and it ceases up. Whilst Max (ponzi, ponzi, ponzi) Keiser makes a lot of good points some of his solutions regarding real money (gold and silver) really would cause most economies to hit the wall. Money is just a credit note, why should it have, or need, real value in itself?

qwert_yuiop

A.L.D.A wrote: »

I think you need to do a bit of editing in that reply. The quotes and unquotes are in the wrong place.

I am not particularly fond of the way the world is run, but it is as it is and I doubt if I will make much difference.

The word Ponzi keeps coming up when economies and particularly money is mentioned often inappropriately. I prefer to think of money as a lubricant. Too much and the engine belches out smoke and too little and it ceases up. Whilst Max (ponzi, ponzi, ponzi) Keiser makes a lot of good points some of his solutions regarding real money (gold and silver) really would cause most economies to hit the wall. Money is just a credit note, why should it have, or need, real value in itself?

Yea, I botched it. I'm new to all this.

You're right. Mr Ponzi's name gets bandied about. I just mean Chinese factory workers on a tenner a week or whatever are not going to take up the slack when American consumers stop buying Chinese junk.

I can't see why Branson and ilk get lauded for Bono-style tax avoidance.

Here's another thought - why should gold be any different? Surely, like my late neighbour's house, it's only worth what someone will pay for it?