Quote:
Originally Posted by TheMailMan78
Japan is screwed long term. So is Ireland. All you have to do is look at their debt vs GDP to see that. Germany is the one asking Greece, Spain, Ireland to use austerity to get their budgets in order. Norway, Sweden, Iceland never ballooned their national debt much past their GDP. Your argument is null.
Basically anyone in the EU just handed their sovereignty over to Germany in the past 10 years that's doesn't live within their means. They took over Europe without firing a single round. Kudos to the Germans for a take over well done. The one I'm looking forward to is France. They are the next on the short list of economic freeloaders.
Ummmmm
http://www.forbes.com/sites/afonteve...des-the-world/
So according to Germany austerity is needed if Greece wants to survive. |
I always hear people rip into Japan, but they have everything the US wishes it had, minus a constantly expanding economy. Their "lost years" were better for the people than any recession and depression in US history. They held something like a 4-6% unemployment number with almost no economic growth, and average wages continued to increase at a normal rate, they just didn't have any GDP growth, and somehow that means their economy is shit and their people are doomed. But we're fine with an 8-10%+ unemployment number, massive deficits, and an income gap that has exploded over the last 30 years.
As for Ireland I said they were screwed, unless you meant Iceland, but they are actually doing fine. Their decision to not bail out tons of banks that were considered "too big to fail" has actually helped them quite a bit since their government isn't expanding their debt unnecessarily to reward people who tanked their economy.
Germany is trying to get everyone on the same page and normalize things like retirement age and benefits. Greece was out of control, I will give you that, but that's what happens when your entire bureau on economics is Goldman-Sachs staff members. They had something like a retirement age of 55, guaranteed 4 weeks a year of paid vacation, and pensions for every citizen that paid more than their actual jobs upon retirement--all subsidized by the government. What Germany is requesting is that they adopt the same benefits systems that they have in place, which are still ahead of the United States and most other countries.
As for the Scandanavian countries, their debts never exploded because they never followed the Conservative mantra of cutting taxes and keeping government completely out of peoples lives. Hell, Finland was a flat out Socialist country for decades, and are doing fine these days. By American standards Sweden and Norway are Socialist as well, almost no debt, very effective governments with very generous social programs.
Quote:
Originally Posted by TheMailMan78
No. AMD still has great margins man. With this trimming of fat it will improve the margins even more.
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Eh, they are in the red about $5b and their stock has dropped from ~$8/share to ~$2.75/share over the past 6 months. That's a pretty troubling turn around...