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What Does A Depression Look Like???
Posted: Mon Dec 10, 2012 5:52 pm
by Col Hogan
By the numbers...
Youth Jobless Rates
Greece - 58%
Spain - 55.8%
Portugal - 39.1%
Italy - 36.5%
Slovakia - 30.1%
France - 25.5%
Public Debt as a percentage of GDP
Italy - 128%, expected to grow 4% more next year
Portugal - 124%, expected to grow 8.4% next year
Spain - 97%, expected to grow 12.9% next year
Economic Contraction in Europe
Italy - expects a 1.2% contraction of total economy in 2013, 1.5% in 2014
France - Stagnation until 2016
Europe is in a depression with no end in sight...
Discuss
Re: What Does A Depression Look Like???
Posted: Mon Dec 10, 2012 5:58 pm
by SDHornet
How do our numbers compare against those?
Re: What Does A Depression Look Like???
Posted: Mon Dec 10, 2012 6:03 pm
by Grizalltheway
Re: What Does A Depression Look Like???
Posted: Mon Dec 10, 2012 6:24 pm
by Col Hogan
For now...if they keep dumping €€€ down the several sinkholes, that will change too...
Re: What Does A Depression Look Like???
Posted: Mon Dec 10, 2012 6:25 pm
by Seahawks08
This is what happens when you don't have kids. People in Europe need to start having more unprotected sex.
Re: What Does A Depression Look Like???
Posted: Mon Dec 10, 2012 6:33 pm
by 93henfan
Re: What Does A Depression Look Like???
Posted: Mon Dec 10, 2012 6:47 pm
by Ivytalk
Love the Walker Evans pix!
Those Mediterranean wastrels...not so much.
Re: What Does A Depression Look Like???
Posted: Mon Dec 10, 2012 9:23 pm
by grizzaholic
Col Hogan wrote:By the numbers...
Youth Jobless Rates
Greece - 58%
Spain - 55.8%
Portugal - 39.1%
Italy - 36.5%
Slovakia - 30.1%
France - 25.5%
Public Debt as a percentage of GDP
Italy - 128%, expected to grow 4% more next year
Portugal - 124%, expected to grow 8.4% next year
Spain - 97%, expected to grow 12.9% next year
Economic Contraction in Europe
Italy - expects a 1.2% contraction of total economy in 2013, 1.5% in 2014
France - Stagnation until 2016
Europe is in a depression with no end in sight...
Discuss
I was thinking anything EMO?
Re: What Does A Depression Look Like???
Posted: Tue Dec 11, 2012 5:18 am
by CitadelGrad
Not really. Germany just issued a growth forecast for 2013. They expect to be in a recession by the end of the first quarter.
Re: What Does A Depression Look Like???
Posted: Tue Dec 11, 2012 5:19 am
by CitadelGrad
SDHornet wrote:How do our numbers compare against those?
Spain's debt to GDP ratio is actually better than ours.
Re: What Does A Depression Look Like???
Posted: Tue Dec 11, 2012 7:38 am
by bluehenbillk
Life before and after credit cards I take it.....
Re: What Does A Depression Look Like???
Posted: Tue Dec 11, 2012 1:24 pm
by Seahawks08
Spain's debt to GDP ratio is actually better than ours.
LOL yea that's really helping them right now...
Re: What Does A Depression Look Like???
Posted: Tue Dec 11, 2012 2:27 pm
by Grizalltheway
CitadelGrad wrote:SDHornet wrote:How do our numbers compare against those?
Spain's debt to GDP ratio is actually better than ours.
The key difference being we don't pay 5.5% on ours.
Re: What Does A Depression Look Like???
Posted: Tue Dec 11, 2012 2:30 pm
by AZGrizFan
Grizalltheway wrote:CitadelGrad wrote:
Spain's debt to GDP ratio is actually better than ours.
The key difference being we don't pay 5.5% on ours.
Or give 6 weeks vacation, great salaries and 401k benefits to restaurant servers.
Re: What Does A Depression Look Like???
Posted: Tue Dec 11, 2012 2:58 pm
by CitadelGrad
Grizalltheway wrote:CitadelGrad wrote:
Spain's debt to GDP ratio is actually better than ours.
The key difference being we don't pay 5.5% on ours.
Not yet. Anyway, we still can't afford what we pay on ours.
Re: What Does A Depression Look Like???
Posted: Tue Dec 11, 2012 2:59 pm
by CitadelGrad
Seahawks08 wrote:Spain's debt to GDP ratio is actually better than ours.
LOL yea that's really helping them right now...
I didn't say their debt to GDP ratio was good. I only said that it was better than ours.
