What Does A Depression Look Like???

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Col Hogan
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What Does A Depression Look Like???

Post 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
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Re: What Does A Depression Look Like???

Post by SDHornet »

How do our numbers compare against those?
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Re: What Does A Depression Look Like???

Post by Grizalltheway »

The only part of Europe that matters is doing just fine.

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:coffee: :ugeek:
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Col Hogan
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Re: What Does A Depression Look Like???

Post by Col Hogan »

Grizalltheway wrote:The only part of Europe that matters is doing just fine.

Image

:coffee: :ugeek:
For now...if they keep dumping €€€ down the several sinkholes, that will change too...

:coffee:
Last edited by Col Hogan on Mon Dec 10, 2012 6:25 pm, edited 1 time in total.
“Tolerance and Apathy are the last virtues of a dying society.” Aristotle

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Re: What Does A Depression Look Like???

Post by Seahawks08 »

This is what happens when you don't have kids. People in Europe need to start having more unprotected sex. 8-)
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Re: What Does A Depression Look Like???

Post by 93henfan »

Despair in 1932:
Image
Image
Image

Despair in 2012:
Image
Image
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Re: What Does A Depression Look Like???

Post by Ivytalk »

93henfan wrote:Despair in 1932:
Image
Image
Image

Despair in 2012:
Image
Image
Love the Walker Evans pix! :thumb:

Those Mediterranean wastrels...not so much. :thumbdown:
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Re: What Does A Depression Look Like???

Post 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
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Re: What Does A Depression Look Like???

Post by CitadelGrad »

Grizalltheway wrote:The only part of Europe that matters is doing just fine.

Image

:coffee: :ugeek:
Not really. Germany just issued a growth forecast for 2013. They expect to be in a recession by the end of the first quarter.
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Re: What Does A Depression Look Like???

Post by CitadelGrad »

SDHornet wrote:How do our numbers compare against those?
Spain's debt to GDP ratio is actually better than ours.
The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants."

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Re: What Does A Depression Look Like???

Post by bluehenbillk »

93henfan wrote:Despair in 1932:
Image
Image
Image

Despair in 2012:
Image
Image
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Re: What Does A Depression Look Like???

Post by Seahawks08 »

Spain's debt to GDP ratio is actually better than ours.
LOL yea that's really helping them right now...
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Re: What Does A Depression Look Like???

Post 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. :roll:
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Re: What Does A Depression Look Like???

Post 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. :roll:
Or give 6 weeks vacation, great salaries and 401k benefits to restaurant servers.
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Re: What Does A Depression Look Like???

Post 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. :roll:
Not yet. Anyway, we still can't afford what we pay on ours.
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Re: What Does A Depression Look Like???

Post 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.
The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants."

- Thomas Jefferson, in letter to William S. Smith, 1787

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