Comments on: Whiskey & Gunpowder http://www.dailyreckoning.com.au/whiskey-gunpowder/2009/02/26/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 10:39:45 -0600 http://wordpress.org/?v=2.8 hourly 1 By: NICK BEADLE http://www.dailyreckoning.com.au/whiskey-gunpowder/2009/02/26/comment-page-1/#comment-68095 NICK BEADLE Fri, 06 Mar 2009 11:06:33 +0000 http://www.dailyreckoning.com.au/?p=5208#comment-68095 WHY IS THIS IN AN AUSTRALIAN NEWSPAPER AND NOT A BRITISH ONE IS THERE SECRECY IN THE EU? WHY IS THIS IN AN AUSTRALIAN NEWSPAPER AND NOT A BRITISH ONE
IS THERE SECRECY IN THE EU?

]]> By: Paul Cadier http://www.dailyreckoning.com.au/whiskey-gunpowder/2009/02/26/comment-page-1/#comment-67364 Paul Cadier Fri, 27 Feb 2009 16:27:41 +0000 http://www.dailyreckoning.com.au/?p=5208#comment-67364 As predicted in the Theory of Currency Areas by Professor Mundell, the euro is under internal strain. This is because euroland is neither a "land" nor an "optimum currency area". It is a divergent group of individual economies. Upon the arrival of "an assymetric shock" that impacts each economy differently, the union will start to unravell. The largest recession in 100 years is such an assymetric shock. The future of Euroland is bleek, with internal devaluation now impossible,the massive restructuring of their economies will be forced through in the middle of a worldwide slump. Not an auspicious time for such work. A Japanese-style period of stagnation will follow as the political élites of euroland will suffer any indignity rather than allow the (neccessary) colapse of this ill-thought-out project. Tip: SELL! As predicted in the Theory of Currency Areas by Professor Mundell, the euro is under internal strain. This is because euroland is neither a "land" nor an "optimum currency area". It is a divergent group of individual economies. Upon the arrival of "an assymetric shock" that impacts each economy differently, the union will start to unravell. The largest recession in 100 years is such an assymetric shock.

The future of Euroland is bleek, with internal devaluation now impossible,the massive restructuring of their economies will be forced through in the middle of a worldwide slump. Not an auspicious time for such work. A Japanese-style period of stagnation will follow as the political élites of euroland will suffer any indignity rather than allow the (neccessary) colapse of this ill-thought-out project. Tip: SELL!

]]> By: Ross http://www.dailyreckoning.com.au/whiskey-gunpowder/2009/02/26/comment-page-1/#comment-67311 Ross Fri, 27 Feb 2009 03:03:23 +0000 http://www.dailyreckoning.com.au/?p=5208#comment-67311 It was fashionable to mention Esperanto in the 70's until tossers in a circle went out of fashion during the stagflation. Rees-Mogg has a bigger point, the Euro blanket is an emasculator for the weaker states. It was easy to get most to sign on with promises but now comes the reckoning and internal conflict generated by escalating subsidy or bust. Getting European cultures to converge in productivity and the method of achieving it is the impossible dream. The banking regulatory divergence in the Eurozone was criminal and I still can't believe the Germans were so negligent in acceding to it. It was fashionable to mention Esperanto in the 70's until tossers in a circle went out of fashion during the stagflation.
Rees-Mogg has a bigger point, the Euro blanket is an emasculator for the weaker states. It was easy to get most to sign on with promises but now comes the reckoning and internal conflict generated by escalating subsidy or bust. Getting European cultures to converge in productivity and the method of achieving it is the impossible dream.
The banking regulatory divergence in the Eurozone was criminal and I still can't believe the Germans were so negligent in acceding to it.

]]> By: Brian Barker http://www.dailyreckoning.com.au/whiskey-gunpowder/2009/02/26/comment-page-1/#comment-67287 Brian Barker Thu, 26 Feb 2009 19:51:41 +0000 http://www.dailyreckoning.com.au/?p=5208#comment-67287 Interesting mention of the global language Esperanto! It's unfortunate that most people still do not know that this comparatively new language has also become a living language. Confirmation can be seen at http://video.google.com/videoplay?docid=-8837438938991452670 Otherwise http://www.lernu.net ? Interesting mention of the global language Esperanto!

It's unfortunate that most people still do not know that this comparatively new language has also become a living language.

Confirmation can be seen at http://video.google.com/videoplay?docid=-8837438938991452670

Otherwise http://www.lernu.net ?

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