Glad you think the same thing: what pisses him off is that the bankers, who have become more cautious, are slowing down the ultra-flourishing real estate "scam business" ...
This guy will no longer be able to buy his audi A6 every 4 months so inevitably it annoys ... and it's worth a little screaming in public on a tone and level really but really pitiful ...
Jancovici had calculated that a real estate employee made his "boss" (= shareholders) X times more than an oil employee ... so who are the bad guys who "earn" too much? The nasty bad guys ... obviously ...
In any case, this guy shows well the spirit and the mentality of mafia of the real estate developers ...
The worst of the upcoming financial crisis?
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- Lietseu
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Um, well seen for the tone of the guy
But here we drift, the essential is not said, when we talk about the juicy interests of the sacred oil?
Don't we start to see the bottom of this story ???
It's sewn of white thread ... when are we going to be sent to the pipe breaker to save the honor and the virtue of the nation? In two or three years, and who will be the enemy this time ? Belgian, Dutch, Swiss? the wicked ricain thief of ideas or the Chinese too imperialist (behind a facade of communist)
I tell you, it won't be long before this guy's nervous speech becomes the litany of a whole people led by goofs by unscrupulous people and well above all that.
Greetings from the econology cat who purrs with pleasure to read you!
But here we drift, the essential is not said, when we talk about the juicy interests of the sacred oil?
Don't we start to see the bottom of this story ???
It's sewn of white thread ... when are we going to be sent to the pipe breaker to save the honor and the virtue of the nation? In two or three years, and who will be the enemy this time ? Belgian, Dutch, Swiss? the wicked ricain thief of ideas or the Chinese too imperialist (behind a facade of communist)
I tell you, it won't be long before this guy's nervous speech becomes the litany of a whole people led by goofs by unscrupulous people and well above all that.
Greetings from the econology cat who purrs with pleasure to read you!
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By removing Human Nature, he was far from his nature! Lietseu
"The power of love, must be stronger than the love of power" contemporary Lie Tzu?
One sees clearly only with the heart, the essential is invisible to the eyes ...
"The power of love, must be stronger than the love of power" contemporary Lie Tzu?
One sees clearly only with the heart, the essential is invisible to the eyes ...
An article from the Swiss that you will like
https://www.econologie.info/share/partag ... cKUYkO.pdf
The article is not badly done, especially at the level of maps and diagrams
We remember that in order not to be affected by the crisis, you have to start from scratch and stay there.
https://www.econologie.info/share/partag ... cKUYkO.pdf
The article is not badly done, especially at the level of maps and diagrams
We remember that in order not to be affected by the crisis, you have to start from scratch and stay there.
0 x
The last column of February 19, 2013 from Olivier Delamarche
Source BFM Business
The figures for (de) growth, the return of confidence, the policies of limitless monetary creations, the figures for industry in developed countries in recession ...
A good summary.
Source BFM Business
The figures for (de) growth, the return of confidence, the policies of limitless monetary creations, the figures for industry in developed countries in recession ...
A good summary.
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Ask ourselves why guys like Delamarche aren't in charge of departments instead of pignoufs followers of musical chairs and coPINAGE of all kinds ...
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"Good" interview (we would have done without!): http://www.france24.com/fr/20130222-eur ... min-coriat
"Brussels realizes that the economy of the European Union is collapsing"
France, with a deficit of 3,7% in 2013, according to projections by the European Commission announced on Friday, could be given a deadline to reach the 3% target. Analysis by Benjamin Coriat, member of the “Terrified Economists”.
In view of the pessimistic forecasts for the euro zone, released on Friday 22 February, the European Commission has raised the possibility, under certain conditions, of postponing to 2014 the objective of 3% of public deficit for France.
Benjamin Coriat, professor of economics at Paris-XIII and co-chairman of the group of "Terrified Economists", sees a certain relaxation of the position of the European Commission which, according to him, seems today to take into account the devastating consequences of " accelerated return to a balanced budget ", without renouncing the objectives of its policy.
FRANCE 24: How do you interpret the leniency of the European Commission in relation to the deficit that France has announced for 2013?
Benjamin Coriat: The Commission realizes that it has set the bar very high with the European Budgetary Treaty which imposes on the signatory countries an accelerated return to equilibrium ... and that this translates into recession.
The Commission can ease off all the more easily because it has won on the merits. We see this in the case of France, which has embarked on major structural reforms - such as the recent agreement on labor flexibility - and in very significant budget cuts in an attempt to reduce its deficit and its debt. The Commission has every interest in not putting too much pressure on the member countries to continue to follow the path it has traced.
F24: Can we talk about coaster?
BC: I would like to answer yes. The Commission realizes that it is not working, that unemployment is exploding, that the economies of the member countries are collapsing. In this sense, yes, there would be back pedaling. But this attitude is only circumstantial because the Commission has obtained significant counterparts: the States are nevertheless engaged in policies of cuts in their social spending. The Commission, intelligently, is ready to ease off to stay the course.
However, it is obvious that the economic policy imposed in Europe today does not work, neither economically nor socially. In Greece, it is a monumental failure, with catastrophic social consequences. Greece is massacred in silence. In Spain and Portugal, it doesn't work any more. Unemployment in Spain affects more than a quarter of the active population, the sick have no medicine, we can no longer pay for pensions… It seems that Ireland is more or less getting away with it , but with unemployment of 15%. Big deal !
F24: As an economist, what policy do you defend for Europe?
BC: What many economists advocate is not to moderate public debt and the adjustment of spending at the expense of employment at all costs. The Commission's policy boils down to this: 'too bad if unemployment reaches 15, 20 or 25% as long as spending is balanced'. It is a completely suicidal logic.
We, the “dismayed economists”, propose an opposite reasoning: a policy that allows to return to high activity and growth so as to be able to repay the debt, but over a longer period. Debts should be paid over 15 or 20 years. We cannot envisage returning to balance over three or four years, as we can see today! Attention, the question is not to avoid paying the debt ... but to relaunch the activity in order to be able to repay it, by adjusting deadlines and conditions.
We are not the only ones to say that. The OFCE [French Observatory of Economic Conjunctures] holds the same point. It is also that of the Nobel Prize for economics Joseph Stiglitz and Paul Krugman who launched an appeal for a return to a "reasonable" economy. Unfortunately, the Commission is determined to play debt against unemployment.
F24: Why does it persist in this way?
BC: Everything is done in the interest of Germany. It is Germany which at the moment really holds the reins of the European Commission. Berlin benefits greatly from this 'accelerated return to balance' policy. It is the only country in Europe to have an economic structure that is already in balance, in particular because it has a catastrophic demography, so it does not end up with the problem of young people who struggle to find jobs. Germany's economy, which is very export-oriented, enables it to benefit from a strong euro and to record huge commercial profits. At the expense of its European neighbors: it is enough to look at France, with its 10% unemployment, with its deficit forecasts which go from 3% to almost 3,7% ... In fact, everything is a problem of imbalance of general governance of the European Union. Europe must be rebuilt if we want to give it a chance.
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- sen-no-sen
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"Brussels realizes that the economy of the European Union is collapsing"
The economy being correlated with decreasing physical data, it is therefore logical that the economy collapses, because this one is based on a logic of endless growth.
In the words JM Jancovici, it is necessary now to think of the world in decline.
Otherwise we can only sink deeper into recessions ... and the worst is yet to come!
The major problem lies in the governments, all worshipers of exponential growth ...
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"Engineering is sometimes about knowing when to stop" Charles De Gaulle.
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Except that in Janco's model it was not supposed to happen so quickly!
The pressure on resources is not that high to justify a collapse of the economy! It is much less impactful than the profits of some banking establishments ...
The pressure on resources is not that high to justify a collapse of the economy! It is much less impactful than the profits of some banking establishments ...
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