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Germany
Comments
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Thrugelmir wrote: »Also with BMW's. During the credit boom. The UK was BMW's largest export market globally.
The roads would be a lot more pleasant with out them (and a lot of the drivers who would probaly be just at home driving Panzers)."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Thrugelmir wrote: »For the record. Draghi is Italian not German. Draghi was also France's choice not Germany's. So the ECB is more independent than one might imagine.
A bit like saying Carney is Canadian.;)"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
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grizzly1911 wrote: »The roads would be a lot more pleasant with out them (and a lot of the drivers who would probaly be just at home driving Panzers).
Even worse if Porsche still had an involvement in making King Tigers!!!!!!!!!!!!!0 -
Thrugelmir wrote: »I know. They are all bankers though.
From the same stable? - conspiracy alert."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »From the same stable? - conspiracy alert.
From from what I've read on Carney. Old school banker. Prudence may well be making a reappearance.
Looking forward to hearing him speak. As not afraid to express his opinion.0 -
The truth of the matter is that Germany is not the economic powerhouse that most people think it is.
The Euro is the only reason that Germany has a strong economy due to it giving Germany an artificially low exchange rate making their exports very cheap compared to their cost if Germany still had the Mark.
Many economists believe that if the Euro collapses then German exports will increase in price by between 40 and 70% within weeks.
How many Audi's, BMW's etc would they be able to sell then (outside of Germany of course).0 -
German workers have slaved away building BMWs and Mercedes that have been bought on credit and driven by Greeks and Cypriots who will never pay for them.
Yep - those Germans certainly got the best side of the deal and I think we should try and emulate them.
<sarcastic mode>Are you really trying to suggest that economics isn't a p 1 ssing contest where the country that exports the most wins? Someone call the newspapers, I'm going to call the Nobel Prize people.</sarcastic mode>
I've never really understood the export fetish. Surely it's better to import? That way you get to enjoy nice things that other people have made for you. At least in the days of the Gold Standard, surplus countries got a load of gold for their trouble. These days all the Germans and Chinese get are small green pieces of paper.[Earth]......had a problem, which was this: most of the people living on it were unhappy for pretty much of the time. Many solutions were suggested for this problem, but most of these were largely concerned with the movements of small green pieces of paper, which is odd because on the whole it wasn’t the small green pieces of paper that were unhappy Douglas Adams0 -
Thrugelmir wrote: »From from what I've read on Carney. Old school banker. Prudence may well be making a reappearance.
Looking forward to hearing him speak. As not afraid to express his opinion.
Don't forget that the BoE is taking on responsibility for regulation again too.
I wonder whether all this focus on his 'hawkish' views on QE and interest rates is a bit of a red herring. Maybe he's being brought in as a regulator of the 'a word in your ear please' school rather than the 'risk based approach' of the FSA.0 -
All very well slagging off Germany, but whatever they did worked very well and the same opportunities were there for the failing countries as well. They just chose not to take them.0
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