Ze, 'Ow you say, Deflation Watch. Eurozone edition

Generali

Crashy_Time wrote: »

But in the modern world if me lose job entirely, me no pay banker man any more, banker man no likey.

You go bankrupt and then can't get debt for a while and can't work at certain lucrative jobs.

Crashy_Time

Generali wrote: »

You go bankrupt and then can't get debt for a while and can't work at certain lucrative jobs.

Banker man still no get paid, and his main source of income no come from people that can get "lucrative jobs", his main source of income comes from sheeple who want things they can`t afford.

Thrugelmir

michaels wrote: »

I would have thought being in the position to printy-printy and devalue would be pretty useful prior to undertaking the pain of structural reform....

Money does not create reform. People do. Reform of working practices that create higher levels of productively for example. Below is an article from the Economist on French unions.

http://www.economist.com/blogs/economist-explains/2014/03/economist-explains-15

wotsthat

Crashy_Time wrote: »

Banker man still no get paid, and his main source of income no come from people that can get "lucrative jobs", his main source of income comes from sheeple who want things they can`t afford.

In your scenario the banker might not get paid but you're a bankrupt with no job. Seems like a lose lose.

Jack_Johnson_the_acorn

wotsthat wrote: »

In your scenario the banker might not get paid but you're a bankrupt with no job. Seems like a lose lose.

Crashy is used to losing though

purch

Crashy_Time wrote: »

Banker man still no get paid, and his main source of income no come from people that can get "lucrative jobs", his main source of income comes from sheeple who want things they can`t afford.

But Banker man DOES get paid.

He can't lose.

Have you been asleep for the last 5 years :eek:

Bantex_2

purch wrote: »

But Banker man DOES get paid.

He can't lose.

Have you been asleep for the last 5 years :eek:

How many bank workers lost their jobs after the crash?

Generali

Eurozone inflation is 0.3% and Belgium, Bulgaria, the Czech Republic, Germany, Estonia, Ireland, France, Croatia, Cyprus, Luxembourg, Hungary, Malta, the Netherlands and Poland all had a price level the same as or lower in September 2014 than it was in August 2014

http://epp.eurostat.ec.europa.eu/tgm/table.do?tab=table&init=1&language=en&pcode=teicp000

Just sayin'.

purch

We Brits stick out like a sore thumb.

I dunno what we are doing wrong :eek:

Thrugelmir

purch wrote: »

We Brits stick out like a sore thumb.

I dunno what we are doing wrong :eek:

Run a different economic model perhaps?