grumpy-old-man-returns Posted May 21, 2009 Share Posted May 21, 2009 What a load of rubbish.Eurozone property booms - Denmark, the whole of Eastern Europe (most not in national currency), Spain, Ireland, Netherlands. The only contries that did not are Germany and Italy. France did not have boom but definately had HPI well above historical averages. So no German has 2 cars, a plasma TV and never goes on Holiday. I think you will find that Germans have 6 weeks holiday a year as standard and a lot spend it in Spain (where a lot own homes, obviously no exposure to the Spanish property bubble there). Do a check the UK debt is high but there debt in every euorzone country has been growing steadily over the past 10 years including Germany and France. The reason they do not lose thier homes is because of the social security payments are high. In Germany you get 2 years at 80% of last salary. With a deal like that I would have 6 weeks holiday a year abroad. yes, but they haven't got the debt per capita ratio's of a UK person.That's the main difference you see. & see you will. euro land is not obsessed with buying/owning property & therefore don't carry the debt levels that UKers do. They don't own 2 new motors & holiday abroad 3 times a year. No flash conservatories, no large extensions & definetly not the ipod/mobile/plasma culture. so when they lose their job, they won't lose their home anywhere near the same ratio. see bolded bit's. How many brit's & americans have bought property in Euroland. I can't remember speaking to anyone that HASN'T mewed to buy property abroad. either please read my posts c-a-r-e-f-u-l-l-y or the crayon's are coming out..... don't let emotion get in the way of the actual words. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted May 21, 2009 Share Posted May 21, 2009 What a load of rubbish.Eurozone property booms - Denmark, the whole of Eastern Europe (most not in national currency), Spain, Ireland, Netherlands. The only contries that did not are Germany and Italy. France did not have boom but definately had HPI well above historical averages. So no German has 2 cars, a plasma TV and never goes on Holiday. I think you will find that Germans have 6 weeks holiday a year as standard and a lot spend it in Spain (where a lot own homes, obviously no exposure to the Spanish property bubble there). Do a check the UK debt is high but there debt in every euorzone country has been growing steadily over the past 10 years including Germany and France. The reason they do not lose thier homes is because of the social security payments are high. In Germany you get 2 years at 80% of last salary. With a deal like that I would have 6 weeks holiday a year abroad. also, fwiw, most german's rent. Quote Link to comment Share on other sites More sharing options...
Methinkshe Posted May 21, 2009 Share Posted May 21, 2009 I know Methinkshe, I was using your post for a bit of attempted comedy. sorry. No need to apologise - made me laugh! Quote Link to comment Share on other sites More sharing options...
Pindar Posted May 21, 2009 Share Posted May 21, 2009 this after the 'Sterling is fab' puff piece earlier in the week.my, someone with just a little advance warning of these announcements would have made a killing. Yes, it seems that there are quite a few on the make. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted May 21, 2009 Share Posted May 21, 2009 I feel a raft of clicky links are winging my way........ does anyone on the board use Dad Stats™ ? Quote Link to comment Share on other sites More sharing options...
ralphmalph Posted May 21, 2009 Share Posted May 21, 2009 I feel a raft of clicky links are winging my way........does anyone on the board use Dad Stats™ ? Here is your first one from the LSE. http://www.lse.co.uk/MacroEconomicNews.asp..._households-ecb Eurozone Household debt burden jumps. Not as high as ours I agree, but your previous statements that euro houselholds do not do debt is rubbish. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted May 21, 2009 Share Posted May 21, 2009 Here is your first one from the LSE.http://www.lse.co.uk/MacroEconomicNews.asp..._households-ecb Eurozone Household debt burden jumps. Not as high as ours I agree, but your previous statements that euro houselholds do not do debt is rubbish. yes, but they haven't got the debt per capita ratio's of a UK person.That's the main difference you see. & see you will. euro land is not obsessed with buying/owning property & therefore don't carry the debt levels that UKers do. They don't own 2 new motors & holiday abroad 3 times a year. No flash conservatories, no large extensions & definetly not the ipod/mobile/plasma culture. so when they lose their job, they won't lose their home anywhere near the same ratio. Going Around In Circles *in a vicious circle Fig. in a situation in which the solution of one problem leads to a second problem, and the solution of the second problem brings back the first problem, etc. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted May 21, 2009 Share Posted May 21, 2009 Here is your first one from the LSE.http://www.lse.co.uk/MacroEconomicNews.asp..._households-ecb Eurozone Household debt burden jumps. Not as high as ours I agree, but your previous statements that euro houselholds do not do debt is rubbish. where did I say that ? link please I am going to assume that you are a reasonably high level manager in charge of a team of people. Quote Link to comment Share on other sites More sharing options...
R K Posted May 21, 2009 Share Posted May 21, 2009 Fitch and Moody's re-affirm UK's AAA rating and stable outlook. http://ftalphaville.ft.com/blog/2009/05/21...e-uks-triple-a/ Some big bets being placed it would seem. Quote Link to comment Share on other sites More sharing options...
Deckard Posted May 21, 2009 Share Posted May 21, 2009 (edited) either please read my posts c-a-r-e-f-u-l-l-y or the crayon's are coming out..... At this rate, someone's going to have to tell you where to stick your crayons GOM We know you are a tight old g1t, but do get out more. Get out of the country I mean: travel through Europe and get a feel for what things are REALLY like. You love to ridicule UK statistics - but at the same time assume that everything you read on the internet about the Eurozone is actually true. IT IS NOT. Things are dire. If you can't afford to travel, ask your friends abroad. If you have any. Which somehow I doubt Edited May 21, 2009 by VoteWithYourFeet Quote Link to comment Share on other sites More sharing options...
Oliver Sutton Posted May 21, 2009 Share Posted May 21, 2009 What a load of rubbish.Eurozone property booms - Denmark, the whole of Eastern Europe (most not in national currency), Spain, Ireland, Netherlands. The only contries that did not are Germany and Italy. France did not have boom but definately had HPI well above historical averages. So Denmark and whole of Eastern Europe have joined the Euro. When did that happen? Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted May 21, 2009 Share Posted May 21, 2009 (edited) At this rate, someone's going to have to tell you where to stick your crayons GOM We know you are a tight old g1t, but do get out more. Get out of the country I mean: travel through Europe and get a feel for what things are REALLY like. You love to ridicule UK statistics - but at the same time assume that everything you read on the internet about the Eurozone is actually true. IT IS NOT. Things are dire. If you can't afford to travel, ask your friends abroad. If you have any. Which somehow I doubt sounds like you're getting angry. That normally occurs when someone has realised that they are wrong but can't admit it. Although I am not as well travelled as some on here, this is my 42 year old history so far (ish): I lived in France for a year with my family. I have also lived in London (twice), Bournemouth (twice) Middlesborough & Wakefield. In my IT career I have worked in Germany & throughtout the UK Before going into IT I worked in the pub game in London ran a truck rental depot in Middlesborough worked in Debenhams in Bournemouth worked on a few building sites as a labourer I have been a driver & a shelf stacker I have even been a bingo caller (I kid you not) You are right about friends though. I have very few, although I have a lot of aquaitences. & this is why I think I get it. The big picture. I have worked at nearly all levels, apart from the very high management ones. I have had a number of jobs/careers & have lived in several areas & France. Edited May 21, 2009 by grumpy-old-man-returns Quote Link to comment Share on other sites More sharing options...
Deckard Posted May 21, 2009 Share Posted May 21, 2009 sounds like you're getting angry. That normally occurs when someone has realised that they are wrong but can't admit it. Although I am not as well travelled as some on here, this is my 42 year old history so far (ish): I lived in France for a year with my family. I have also lived in London (twice), Bournemouth (twice) Middlesborough & Wakefield. In my IT career I have worked in Germany & throughtout the UK Before going into IT I worked in the pub game in London ran a truck rental depot in Middlesborough worked in Debenhams in Bournemouth worked on a few building sites as a labourer I have been a driver & a shelf stacker I have even been a bingo caller (I kid you not) You are right about friends though. I have very few, although I have a lot of aquaitences. & this is why I think I get it. The big picture. I have worked at nearly all levels, apart from the very high management ones. I have had a number of jobs/careers & have lived in several areas & France. I'm not getting angry, and I KNOW I'm right (although I'm sure you feel the same ) I hope you enjoyed your time in France, I'm sure it broadened your views immensely and made you more open minded - however what we are discussing is the situation in the Eurozone NOW. I travel through the Eurozone on a regular basis. On top of that, I have many friends scattered in Europe. I take my views based on my own personal experience, as well as their accounts. Forget JCT's rethoric and official EZ stats: it's all smoke and mirrors - averaged across 16 countries. The Euro is overvalued, and something gotta give. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted May 21, 2009 Share Posted May 21, 2009 The Euro is overvalued, and something gotta give. yes I agree. However the UK is more overvalued & this IS the point. That's why the £ will fail first, then the Euro imo. Quote Link to comment Share on other sites More sharing options...
Minos Posted May 21, 2009 Share Posted May 21, 2009 sounds like you're getting angry. That normally occurs when someone has realised that they are wrong but can't admit it. Although I am not as well travelled as some on here, this is my 42 year old history so far (ish): I lived in France for a year with my family. I have also lived in London (twice), Bournemouth (twice) Middlesborough & Wakefield. In my IT career I have worked in Germany & throughtout the UK Before going into IT I worked in the pub game in London ran a truck rental depot in Middlesborough worked in Debenhams in Bournemouth worked on a few building sites as a labourer I have been a driver & a shelf stacker I have even been a bingo caller (I kid you not) You are right about friends though. I have very few, although I have a lot of aquaitences. & this is why I think I get it. The big picture. I have worked at nearly all levels, apart from the very high management ones. I have had a number of jobs/careers & have lived in several areas & France. It's no wonder you went grey. Quote Link to comment Share on other sites More sharing options...
Deckard Posted May 21, 2009 Share Posted May 21, 2009 yes I agree. However the UK is more overvalued & this IS the point.That's why the £ will fail first, then the Euro imo. Let's agree to disagree, shall we Quote Link to comment Share on other sites More sharing options...
ralphmalph Posted May 21, 2009 Share Posted May 21, 2009 So Denmark and whole of Eastern Europe have joined the Euro.When did that happen? Sorry slip of the key board, meant Europe excluding the UK so perhaps Erope. Quote Link to comment Share on other sites More sharing options...
ralphmalph Posted May 21, 2009 Share Posted May 21, 2009 also, fwiw, most german's rent. At very high rents. Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted May 21, 2009 Share Posted May 21, 2009 At very high rents. Don't think so, check the numbers out. http://www.monetos.co.uk/service/rental-guide/de/cost/ Quote Link to comment Share on other sites More sharing options...
PalmerEldritch Posted May 21, 2009 Share Posted May 21, 2009 sounds like you're getting angry. That normally occurs when someone has realised that they are wrong but can't admit it. Although I am not as well travelled as some on here, this is my 42 year old history so far (ish): I lived in France for a year with my family. I have also lived in London (twice), Bournemouth (twice) Middlesborough & Wakefield. In my IT career I have worked in Germany & throughtout the UK Before going into IT I worked in the pub game in London ran a truck rental depot in Middlesborough worked in Debenhams in Bournemouth worked on a few building sites as a labourer I have been a driver & a shelf stacker I have even been a bingo caller (I kid you not) You are right about friends though. I have very few, although I have a lot of aquaitences. & this is why I think I get it. The big picture. I have worked at nearly all levels, apart from the very high management ones. I have had a number of jobs/careers & have lived in several areas & France. So you've worked in a bunch of low to mid level jobs in several locations and that makes you think you have a special insight into the global economy? Enforces the reasoning behind me dismissing your relentless doom laden drivel posts quite some time ago. You and vicmac (The FTSE will be under 1000 mark my words....) are hilarious. Quote Link to comment Share on other sites More sharing options...
ralphmalph Posted May 21, 2009 Share Posted May 21, 2009 Don't think so, check the numbers out.http://www.monetos.co.uk/service/rental-guide/de/cost/ 500 Quid for 50 square meters, extortion. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted May 21, 2009 Share Posted May 21, 2009 It's no wonder you went grey. not grey, silver fox. Let's agree to disagree, shall we ok. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted May 21, 2009 Share Posted May 21, 2009 (edited) So you've worked in a bunch of low to mid level jobs in several locations and that makes you think you have a special insight into the global economy?Enforces the reasoning behind me dismissing your relentless doom laden drivel posts quite some time ago. You and vicmac (The FTSE will be under 1000 mark my words....) are hilarious. Q1 2007. Banks going down currency crisis QE DEPRESSION. this is some of what I have learnt by asking questions & reading a lot. I actually think I have spent more time looking into this current historic situation than someone studying for a Phd. It's been hard & I haven't understood all of it straight away BUT I do understand the vast majority now (or what I need to anyway). What have you learnt in 3 years ? Edited May 21, 2009 by grumpy-old-man-returns Quote Link to comment Share on other sites More sharing options...
Uriah Heap Posted May 21, 2009 Share Posted May 21, 2009 the Euro is not strong, sterling is weak. The Euro is less weak than sterling. Somebody needed to say that. Quote Link to comment Share on other sites More sharing options...
yellerkat Posted May 21, 2009 Share Posted May 21, 2009 500 Quid for 50 square meters, extortion. How on earth do you get that? At average rents, 50 sq/m will cost €290.50 or £254.82! You've chose the most expensive city and then added some! (Munich would be £412.28). Quote Link to comment Share on other sites More sharing options...
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