The Coming Global Recession

[Ignited Mind]

As usual, personal insults follow after being caught lying. Uniquely Indian!

AhA!

...and calling someone a 'cheat' without even bothering to understand what has been posted must be oh-so-genius.

A highly educated Singaporean.

 

[illusion8]

Holy Moly!

A dumb Singaporean.

Hard to spot your species, I must say.

Must be a mainland import and we know the quality of those ,
the oil prices are going down, must be the Eurozone crisis - the Greeks and Spaniards need to sort themselves out pretty quick.

Brazil growth has almost stagnated to zero, only South Africa is doing better due to rising gold exports - again to China and India.

 

[IndoCarib]

Don't fool yourself, If you use 2010-2011 fiscal as " 2011"..... you will lag even more gap compare to other countries .

You dont know the meaning of financial year !!! No point in further discussion with you

 

[Roll in deep]

You dont know the meaning of financial year !!! No point in further discussion with you

What a joke....you have nothing to discuss because you know nothing...

 

[IndoCarib]

What a joke....you have nothing to discuss because you know nothing...

hehe ! OK !

 

[Roll in deep]

hehe ! OK !

You admit you want to cheat others.. oh..that's Ok.

 

[Diamond_Gold]

Singapore municipality talks. kiasu gancheong people.
but i love singapore , one of my favorites.

Well said, most of us singaporean are also blunt and straight forward people. We don't hate people for what they are, but we would treat those liars, cheaters, snobs, inconsiderate, rude and disrepectful persons with extreme disdain. Unfortunately, there are lot of indians here which I personally think fall into this category. So pardon me if the rest of my honest indian friend here take offend at my remarks. Again, I stressed, we don't judge who you are, but by your behaviour and your characters.

 

[Holmes]

The worst Recession yet to come?

 

[Fanling Monk]

Look people, Europe is the problem and until their problem are fixed, which I think it's unlikely soon, the world will remained stagnant. If Europeans don't want to change their life styles of social subsidies perhaps we, by that I mean the rest of the world, should change our goals and try to survive without depending too much on them.

 

[Ignited Mind]

Well said, most of us singaporean are also blunt and straight forward people. We don't hate people for what they are, but we would treat those liars, cheaters, snobs, inconsiderate, rude and disrepectful persons with extreme disdain. Unfortunately, there are lot of indians here which I personally think fall into this category. So pardon me if the rest of my honest indian friend here take offend at my remarks. Again, I stressed, we don't judge what you are, but by your behaviour and your characters.

Look Ma!

The next avatar of Lord Vishnu is here to judge us.

Look people, Europe is the problem and until their problem are fixed, which I think it's unlikely soon, the world will remained stagnant. If Europeans don't want to change their life styles of social subsidies perhaps we, by that I mean the rest of the world, should change our goals and try to survive without depending too much on them.

Indeed. The heart of the problem lies in the EU and its policies.

 

[Diamond_Gold]

Look Ma!

The next avatar of Lord Vishnu is here to judge us.



Indeed. The heart of the problem lies in the EU and its policies.

Save the worries for youself, btw, I think you will be in a bigger trouble than me if Lord Vishnu really existed. LOLOL.

Here the link to the India’s Quarterly GDP Growth (FY11 and FY12):

India

Showing the growth rate of fy 2011-12 at only 6.5%.

BTW, I have never mentioned before that I am a highly educated person, so don't automatically apply the same standard to others since we are unlike most of your kind here who would normally and gladly claim to be one in a blink of an eye.

 

[Barrack-Obummer]

Look people, Europe is the problem and until their problem are fixed, which I think it's unlikely soon, the world will remained stagnant. If Europeans don't want to change their life styles of social subsidies perhaps we, by that I mean the rest of the world, should change our goals and try to survive without depending too much on them.

Spain is going to same route as Greece is, and its only going to spread to wealthier European nations like France and the UK.

ECB rejects Spain

The remarkable thing about this story is not that Spain's government tried to push an illegal transaction to fund its banks. The remarkable thing is that they didn't get away with it, in today's culture of fraud and extortion.

Spain's 10-year bond prices were crashing last year, meaning that their yields (interest rates) were skyrocketing. The European Central Bank saved the day last December by "printing" €1.1 trillion in its LTRO program, pouring into the eurozone banking system, pushing bond yields from the extremely dangerous 7% down to a less dangerous 5%. (By comparison, Germany's 10-year bond yields today are at 1.75%.) Well, the ECB's LTRO program ended three months ago, and since then, Spain's bond yields have been surging, reaching 6.67% on Wednesday.

So Spain's government tried a little trick. They would sell their bonds to the Spanish bank Bankia, which would then get swapped out for cash at the ECB's three-month refinancing window, effectively giving Spain a personal LTRO. Well, on Tuesday, the ECB rejected the scheme, as violating EU rules against central bank funding of governments.

Tsk tsk. So Spain's bond yields are closing in on the 7%.

 

[Götterdämmerung]

Look people, Europe is the problem and until their problem are fixed, which I think it's unlikely soon, the world will remained stagnant. If Europeans don't want to change their life styles of social subsidies perhaps we, by that I mean the rest of the world, should change our goals and try to survive without depending too much on them.

It is the problems of many EU counries, Germany did its homework well by cutting our social welfare to a more sustainable rate, albeit still at a very high standard that most other countries can only dream of.

The other important policy was to maintain high productivity and manufacturing giving the service industry second rank. Wage rises were moderate, in fact, for the last 20 years it has been stagnating and rises were just enough not to slip under inflation. Our living standard for the last 20 years did not rise much, which I think was not healthy because the purchasing power of the average worker has been weaken making us too dependent on export. Although our MNC were reaping huge profits, the wealth was not redistributed, which maked us more like the US where wealth is more and more concentrated in a few hands.

What GErmany should do is to raise wages to boost internal demand, raise productivity through automation, don't let lowly educated migrants in but open the door for highly skilled experts, spend more on education, forge stronger ties with emerging countries, try to weaken Nato while establishing an EU military block. Hmmm ... so much to do.

 

[laman12345]

You dont know the meaning of financial year !!! No point in further discussion with you

IndoCarib you are a joke

2010 - 2011 fiscal = 2010
2011 - 2012 fiscal = 2011

2011 GDP
1Q = 7.7%
2Q = 6.9%
3Q = 6.1%
4Q = 5.3%

India GDP sharply falling in 2011

 

[IndoCarib]

IndoCarib you are a joke

2010 - 2011 fiscal = 2010
2011 - 2012 fiscal = 2011

2011 GDP
1Q = 7.7%
2Q = 6.9%
3Q = 6.1%
4Q = 5.3%

India GDP sharply falling in 2011

OK. You are Einstein reborn ! You can read graphs !