Global Economics

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Re: Global Economics

Postby wildlx » 22 Jul 2015, 07:44

Lol. Not hard to believe !
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Re: Global Economics

Postby wildlx » 22 Jul 2015, 07:45

lol . Not hard to believe !
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Re: Global Economics

Postby wildlx » 23 Jul 2015, 10:45

Lapavitsas Calls for Exit as the Only Strategy for Greek People. He is a Professor of economics at the University of London and a Syriza elected MP.

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Re: Global Economics

Postby Baker » 25 Jul 2015, 09:13

Yep.
Those who can make you believe absurdities can make you commit atrocities ~ Voltaire
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Re: Global Economics

Postby wildlx » 16 Aug 2015, 20:56

WikiLeaks is raising €100,000 reward for the Transatlantic Trade and Investment Partnership 'TTIP'



The sad thing is that a lot of the situations envisoned as implied by the treaty, namely the lack of democracy, already occur within the eurozone.
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Re: Global Economics

Postby Baker » 19 Aug 2015, 08:07

The TPP issue is a nasty one here. Our government have admitted that the cost of pharmaceuticals will rise under TPP--after swearing black and blue that this would not happen. Then we learn that the clauses around the dairy industry are problematic. So, it looks like little NZ is going to get all the "benefits" of being subject to extra-national disputes tribunal to pour money into Phillip MOrris et al for "lost profits", while we get zippo in return for one of our largest export industries. Awesome.

Mind you, the best part is our Prime Minister dismissing protests as "misinformed"!

As one of our MPs has said, if this was such a terrific deal, the government would be "leaking" and trumpeting the fantastic details to us, not keeping it secret.
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Re: Global Economics

Postby Proofrdr » 19 Aug 2015, 12:32

There's a lot of talk against TPP here too. There are a few mega corporations that are going to thrive from it and the rest of us will continue in a downward spiral.

Meanwhile, China, Brazil, and Venezuela are in financial downturn. China has downgraded the value of the yen twice and the other 2 countries are on the brink of bankruptcy.The Middle East is being torn apart. There are terrorists blowing up people in Thailand. The Malaysians can't seem to fly a plane without crashing. Greece is in free-fall. The US has a reality TV star running for president. Looks like the earth is moving a bit more quickly to implosion.
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Re: Global Economics

Postby wildlx » 25 Aug 2015, 08:12

Well, for me is amazing that so many USAins are willing to vote for Trump :scared:. Anyway markets are crashing inn China and taking everyone else with them today. Let's see where this is going.
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Re: Global Economics

Postby Proofrdr » 25 Aug 2015, 13:11

The Chinese implosion was predictable. I gather they've not been quoting true growth for a while. Now it's come back to bite them . . . and the rest of us too.
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Re: Global Economics

Postby Baker » 26 Aug 2015, 08:33

The most amazing aspect is the volatility. The falls and rises are crazy. I suspect they owe a lot to speculation rather than investment. Even if the recent plunges were locked in, the Shanghai composite is stull net ahead for the year. The markets around the world are overdue for a correction: they've been bullish for a very long run.

The Chinese government have been jiggering around with their currency and stock markets pretty intensely for the last month or so.
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