China Economy Concern

[checking]

Actually, Tom, it takes a little over six years with an economy growing at 12% to double. It takes a little over 10 years with an economy growing at 7% to double.

If you are creating the numbers guy with any of your figures, it is no wonder he achieves the rate of return he frequently posts.

[checking]

Sorry, "crediting".

[parsley]

I find most people assume Germany is so fiscally
sound, that any country can backup their credit
sheets to their annual budget. Hmmmm.

http://www.economist.com/content/global_debt_cl
ock

Click on Germany. Angela has been used the
national credit card a little too often.IMHO Pars

[parsley]

Hedgehog, if you were Merkel and saw a huge
tide of countries ready to dump the euro, what
would you do?

[parsley]

Bill, will patriotism eventually override credit
begging by most EU nations? Or will nations
surrender all of their sovereignty to appease?
Which one is most likely to bolt? Pars

[parsley]

Checking, do you think the euro will last? Pars

[parsley]

Tom, you are probably on this site all the time:


http://www.standardandpoors.com/ratings/ratings-
actions/en/us?
tabRAL=NR&sectorPR=all&sectorRA=all&radioR
A=1&alphaRA=ALL&sectorNR=all&radioNR=-
1&alphaNR=ALL&startPRPrev=0&rangePRPrev=
50&startRAPrev=0&rangeRAPrev=50&country=C
AN&jpSectorPR=&jpSectorRA=&jpSectorNR=all

[bduke]

Parsley... I think patriotism is rationalized to affordability in the Eurozone.

I believe Margaret Thatcher figured it out, and preserved Britain's sovereignty,
and ability to retain the London Financial dominance of Europe.

A Euro monetary policy without strict fiscal conditions was too risky.

I stated earlier I can foresee Greece and Portugal leaving... not bolting.

Their political will and financing ability to remain in the Euro monetary union is
being severely tested.

As far as the remaining Euro members, I don't foresee a "bolting".

I do expect the remaining members to be economically forced to agree to fiscal
policies.

Addressing the socialist demands of their citizens will be much easier if the
politicians can blame the "Euro governing conditions" for not spending.

Easier to say Devil won't allow it... and it affects all Parties.

The benefit of a unified Euro is not only trade friendly between members, but
strong trade relations tend to induce greater harmony and alignment for most
issues.

Harmony is positive.. consider how quickly Germany has reclaimed East Germany.

I could be wrong.

Cheers... Bill

[hedgehog]

parsley, as you know, the germans have a particular fear of currency meltdown, but if they did exit the euro now, the D mark would re emerge at a value of twice what it went in at, maybe 1Dmark=2 euros. german industry would be devastated.
I am not saying it wont happen, but i dont think the germans are that stupid.
(unlike the english who love a strong currency and therefore no smelly factories in britain)

[cottonpicken]

Checking doesnt talk about what may happen,the
heshe just tries to burn the thoughts and opinions
of people heshe dislikes.even if they have been
consistant although dislikeable.