Quote from cvds16:
yes smartass, that's a really bad mistake, it was 3 a.m. (actually almost 4 a.m.) where I live ... and english is my third language, so we could continue this conversation ... in dutch, french, german or ... oh, problem, guess you don't know any of those languages :eek: let alone spell in them or make grammatical mistakesguess that makes you not very credible too
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Actually, I am not a Dutchman, far from it, I am Belgian, just like Poirot ... only not french speaking, but I guess the subtlety escapes you.Quote from noparole:
Actually Poirot,I'm fluent in the only two languages that count,English and Spanish.Why on earth would anyone other than a Dutchman need to speak Dutch?I've lived in America,Mexico,Spain and the UK and have never in all that time needed to speak French or German,in fact I've hardly even come into contact with French or German people,if you do regularly then I guess that's just your bad luck.Fortunately,I don't.
"Spain and Ireland make up less than 15 percent of the region's economy and their economies together are about half the size of Germany's. Growth in Europe's biggest economy accelerated in the first quarter to the fastest pace in 12 years and manufacturing was still expanding in June. Spanish industry contracted by the most on record."Quote from makloda:
I agree in principle. Rates below the rate of inflation should only be justified by a weak/stagnating economic outlook and only for very short periods of time (unlike 2002/2003).
However, all economic indicators now already do suggest severe weakness in the Eurozone, not only in Spain and Ireland but also in France and Germany. This by itself should tame inflation over the next 2-3 years. A series of hikes over the next couple quarters by the ECB - that I personally think Weber is determined to enforce - paired with the upcoming economic weakness will IMO likely end up destroying millions of jobs in Europe over the next couple years. That's the cost of 'making sure' the genie isn't let out of the bottle I guess.
Reminds me of the Bundesbank hikes in 1990/91. We all know how that ended.
Quote from zdreg:
"Spain and Ireland make up less than 15 percent of the region's economy and their economies together are about half the size of Germany's. Growth in Europe's biggest economy accelerated in the first quarter to the fastest pace in 12 years and manufacturing was still expanding in June. Spanish industry contracted by the most on record."
"However, all economic indicators now already do suggest severe weakness in the Eurozone, not only in Spain and Ireland but also in France and Germany. This by itself should tame inflation over the next 2-3 years. A series of hikes "
makloda vs. makloda. that is an even match.
economists can' predict correctly the day after tomorrow. you think you can predict inflation for the next two or three years. doubtful at best. a recipe for disaster at worse.
inflation is nothing more or less than a monetary phenomena resulting from the printing and the velocity of money
And one more thing moron (if you can call names, I can too) I never declared myself the authority on economics, I am far from that. But I do know some basic stuff, unlike some people here in this thread. Can't help it though if you feel like this remark is targeted at you, but then again maybe it is ...Quote from noparole:
Nice one,Poirot.Before you declare yourself the authority on economics you might want to learn to read and write in English,your posts are littered with both spelling and grammatical errors and it somewhat dents your credibility.
Don't you think it's kind of ironic that you misspelt 'ignorant'?