Spain slides into Full Depression

[zdreg]

Quote from Optionpro007:

+1

'Pickpocketeers' along the Mediterranean coast and touristic sites across Europe are the very best in the world. But they don't harm you, never feel a thing. lol

u have just insulted the columbian pickpockets. but then again maybe the best pickpockets in spain are columbians

of course the best pickpockets of working people are the US congress and Obama

 

[IanMacQuaide]

Quote from zdreg:

u have just insulted the columbian pickpockets. but then again maybe the best pickpockets in spain are columbians

of course the best pickpockets of working people are the US congress and Obama

BINGO!

 

[MohdSalleh]

these mexicans had it coming to them, always sitting around taking siestas and eating tapas, now they live in poverty, it is a lesson for america

 

[nitro]

LMAO. You shacked off with a loaded gun Eric?

Quote from EMRGLOBAL:

US is not far behind. So goes cali....so goes the rest of the country. If the US dollar is replaced as a key currency and China does not buy more debt....Say goodbye miss american pie.

Citi bank will shed 1000 branches.

Terrorist on the move.

Sit back and watch the show because "YOU" fucking idiots who voted for OBAMA, the movie just started and the pot that you don't have to piss in...well, you will never have a chance to obtain a pot in the future.

CLASS WAR.....Im ready.

 

[makloda]

Quote from Debaser82:

No end in sight then so it seems to me.

More structural changes should be implemented then weakening the currency alone as it affects to many people ofsetting any positive outcomes from the currency devaluation itself.

I agree, obviously changes are necessary, but they do take time to implement. Not months but years or even a full decade. Just like the Germany economy went through a long and drawn out semi-recession during the early 90s as it suffered from overcapacities, high unit labor costs and a strong Deutsche Mark. It took years for the Germans to outsource labor intensive parts of the value chain and further automate their processes.

A weak currency is no long-term solution, but a short term sugar rush that buys an economy time while it (hopefully successfully) readjusts.

Spain (alongside the other PIGS) is facing a decade-long period of suffering. I don't see real estate (especially upper and hi-end) rebounding meaningfully on an inflation-adjusted basis before 2020. The UK has a unique chance of drastically improving their economic position until then. If they blow that they're toast of course.

 

[fkbsuhites]

The health care none sense now makes sense.

The bankers are using both dem and repub elites to confuse and energize each side. Especially the lunatic right fringe being egged on by sheer lies and fear mongering on the biggest globalist news media outlet.

the crazies on both sides are busy fighting each other while the bankers and the elite laugh all the way to the bank with their bail out fortunes.

Quote from EMRGLOBAL:

US is not far behind. So goes cali....so goes the rest of the country. If the US dollar is replaced as a key currency and China does not buy more debt....Say goodbye miss american pie.

Citi bank will shed 1000 branches.

Terrorist on the move.

Sit back and watch the show because "YOU" fucking idiots who voted for OBAMA, the movie just started and the pot that you don't have to piss in...well, you will never have a chance to obtain a pot in the future.

CLASS WAR.....Im ready.

 

[Debaser82]

Quote from makloda:

I agree, obviously changes are necessary, but they do take time to implement. Not months but years or even a full decade. Just like the Germany economy went through a long and drawn out semi-recession during the early 90s as it suffered from overcapacities, high unit labor costs and a strong Deutsche Mark. It took years for the Germans to outsource labor intensive parts of the value chain and further automate their processes.

A weak currency is no long-term solution, but a short term sugar rush that buys an economy time while it (hopefully successfully) readjusts.

Spain (alongside the other PIGS) is facing a decade-long period of suffering. I don't see real estate (especially upper and hi-end) rebounding meaningfully on an inflation-adjusted basis before 2020. The UK has a unique chance of drastically improving their economic position until then. If they blow that they're toast of course.

Could you share your view on the best case realistic scenario policy makers could have in mind for a restructured US economy in a few years time ?

 

[ammo]

makloda, i've never been there but heard that the woman are some of the most beautiful in the world, true, or is everything about the same?