how is our race to the bottom doing? Greece is on it's way to yet another default. If my calculations are right (see: http://fdominicus.blogspot.de/2012/05/ist-blodheit-ansteckend.html) then Spain has to get new debt of 33 ¢ for every Euro they spend. New debts (officiall numbers) around 34 billions...
Posted to
F Dominicus Blog
by
Friedrich Dominicus
on
Wed, May 30 2012
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Filed under: allmightyness, liability, "political solutions", liar, wishful thinking, back to the dark ages, don't believe, alternatives, "helping" Greece., "great nation", race to the bottom, does it get better
with compliments: http://www.quadrant.org.au/blogs/doomed-planet/2010/05/crisis-in-new-zealand-climatology It's very actual as you can see. And it does not shade a good light on the supporters of the man-made climate change. Now if we consider what has happened the last half year in this area. We...
this time it's China. Not that I'm that found of it, but what Krugman want is that the Chinese follow the US on the insane path. How to do that, well the Chinese do produce things, the US people like to buy, and thos things are "cheaper" now, to counterbalance this the Chinese products...