Guardian: Reports that European Stock Markets have fallen by over 2% today. Thus folks Europe needs growth but this cant be down with Government spending, PIIGS are broke, today in Europe is in the AGE of Austerity, thus this will increase welfare spending, thus more debt, thus the bond market will smell out a weak economy and go in for the kill, go and ask Greece, Ireland and Italy what that feels like to the native politicians, that means losing political power. It can be argued that the EU faces a decade of austerity, high unemployment, low to no growth, a high rate of young people on the dole, the older generation will have to work post 65, lets cut the BS folks, if your in your late 30s or 40s NOW, you will be working in till your 70 or 75, just get over that fact. Its going to be a hard and tough decade folks, lets hope Prozac is cheap.
Wednesday, April 04, 2012
The Woes of Spain and the Markets
Guardian: Reports that European Stock Markets have fallen by over 2% today. Thus folks Europe needs growth but this cant be down with Government spending, PIIGS are broke, today in Europe is in the AGE of Austerity, thus this will increase welfare spending, thus more debt, thus the bond market will smell out a weak economy and go in for the kill, go and ask Greece, Ireland and Italy what that feels like to the native politicians, that means losing political power. It can be argued that the EU faces a decade of austerity, high unemployment, low to no growth, a high rate of young people on the dole, the older generation will have to work post 65, lets cut the BS folks, if your in your late 30s or 40s NOW, you will be working in till your 70 or 75, just get over that fact. Its going to be a hard and tough decade folks, lets hope Prozac is cheap.
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