If you can't read between the lines.....

Status
Not open for further replies.
D

digitalSniperX1

Joined
Apr 12, 2008
Messages
1,053
Location
FL
...move on.

With cheers over America's impending demise...

http://www.spiegel.de/international/world/0,1518,581502-5,00.html

Plenty of fools here from the US and elsewhere will agree with them. The zip code for all these types is 7734.

Like the current administration created the credit default swap (LOL).

And now, for example, it's Deutche Bank, for example, with a debt to shareholder equity ratio 50+.

Citibank's is 20+.

Typical European banks have numbers higher than Citibank's

(hint, a lower number indicates less exposure to risk).

If you haven't heard, Citibank is one of the large recipients of TARP funds.

Was it the Bush admin who forced Deutchebank to lend all those euros.

(hint, a very loud NO)

and now this:

http://www.spiegel.de/international/business/0,1518,598207,00.html


and finally, interspersed
" a new era of cross Atlantic cooperation "

http://www.spiegel.de/international/europe/0,1518,588190,00.html

Honestly, it should make all of us sick.

Seems abject stupidity has no national affiliations.
 
we're watching the rise of the new Roman/European superpower before our eyes.
frown.gif
 
if it's in worse shape, then how come there's such strong buying power for European companies vs American? The purchase of Budweiser is an example of a 'good deal' for the Europeans.
 
Fella, they're in worse shape. They are heavily to exposed the economies in Eastern Europe where their investment values have plummeted.

The German's with less than 1/3 the GDP of the US have devised a bailout 3x per capita larger than what was just done here.
 
That's cause the europeans thought that emerging markets were a sure bet. Now with crashing commodity prices and Eastern europe getting ready to go belly up, they have their tail between their legs.
 
As VeeDub said...but inadvertently what you said and for less than honorable motives and so far unsuccessful.

When reading or listening to the all to often empty rhetoric that often comes from the mouths of these so called leaders, you should always always look to their actions to gain a greater understanding of their actual motives.
 
OK, there is a bit more to this than the predictable outcomes of system where the disciplining forces, all of which can be categorized as risk, is summarily discounted, if only temporarily.

And the mob mentality serves will only serve as a tool for destruction.

Be careful what you wish for.
 
Quote:
But Americans did not use the lower-cost money afforded by Chinese investment to build a 21st-century equivalent of the railroads. Instead, the government engaged in a costly war in Iraq, and consumers used loose credit to buy sport utility vehicles and larger homes. Banks and investors, eagerly seeking higher interest rates in this easy-money environment, created risky new securities like collateralized debt obligations.

“Nobody wanted to get off this drug,” said Senator Lindsey Graham, the South Carolina Republican who pushed legislation to punish China by imposing stiff tariffs. “Their drug was an endless line of customers for made-in-China products. Our drug was the Chinese products and cash.”


http://www.nytimes.com/2008/12/26/world/asia/26addiction.html?pagewanted=1&_r=1&ref=business
 
Status
Not open for further replies.
Back
Top Bottom