World economy talk

[uls]

check out euro reaction

[tidus1203]

I am back where I belong!! hahaha

Anyway!

Looks like the money printing machine of the EU is moving on full speed... Stock futures up sharply...

[renzo_d10]

Wb tidus

Sent from my GT-P7310 using Tapatalk 2

[uls]

hey bumalik si tidus

[uls]

Looks like the money printing machine of the EU is moving on full speed... Stock futures up sharply...

yup the ECB is gonna directly recapitalize eurozone banks via the ESM. no burden on governments

[uls]

UK


Germany


France


Italy


Spain

[uls]

Dow 12880.09 +277.83 +2.2%
nasdaq 2935.05 +85.56 +3%
s&p 500 1362.16 +33.12 +2.49%

[Ry_Tower]

Baka pati si tidus tirahin din ni... kanluranatsilangan.

[safeorigin]

In other news, Obamacare was upheld by the Supreme Court...

what to expect:

Friedman's key conclusion was that, as with all governmental bureaucratic systems, government-owned or -controlled healthcare created a situation whereby increased "inputs," such as expenditures on equipment, infrastructure, and the salaries of medical professionals, actually led to decreased "outputs" in terms of the quantity of medical care. For example, while medical expenditures rose by 224 percent from 1965–1989, the number of hospital beds per 1,000 population fell by 44 percent and the number of beds occupied declined by 15 percent. Also during this time of almost complete governmental domination of the hospital industry (1944–1989), costs per patient-day rose almost 24-fold after inflation is taken into account.

Costs always explode whenever the government gets involved, and governments always lie about it. In 1970 the government forecast that the hospital insurance (HI) portion of Medicare would be "only" $2.9 billion annually. Since the actual expenditures were $5.3 billion, this was a 79 percent underestimate of cost. In 1980 the government forecast $5.5 billion in HI expenditures; actual expenditures were more than four times that amount — $25.6 billion. This bureaucratic cost explosion led the government to enact 23 new taxes in the first 30 years of Medicare. (See Ron Hamoway, "The Genesis and Development of Medicare," in Roger Feldman, ed., American Health Care, Independent Institute, 2000, pp. 15-86). The Obama administration's claim that a government takeover of healthcare will somehow magically reduce costs is not to be taken seriously. Government never, ever, reduces the cost of doing anything.

Socialized Healthcare vs. The Laws of Economics - Thomas J. DiLorenzo - Mises Daily

[tidus1203]

I still believe Obama will get re-elected. Romney is just not good enough a candidate to be honest. And his rich breeding will go against him especially now when people tend to support more socialism when they are in trouble. Unemployment is still stubbornly high in the US and I am not talking about the government numbers. I am talking about REAL UNEMPLOYMENT! Rumored to be much closer to 20% in the US.