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Search: Posts Made By: Fat Tails
Forum: Off-Topic November 7th, 2011, 04:13 PM
Replies: 76
Views: 18,034
Posted By Fat Tails
The Eurozone is running modest budget deficits,...

The Eurozone is running modest budget deficits, particularly when compared to the US or the UK. The total budget deficit is about 4.2% There are just some odd countries (Ireland and Greece,...
Forum: Off-Topic November 1st, 2011, 01:23 PM
Replies: 76
Views: 18,034
Posted By Fat Tails
Greece is not amongst the poorest European...

Greece is not amongst the poorest European countries, but they were running huge public deficits for over 10 years, and faked all financial information sent to the European officials. Now all of a...
Forum: Off-Topic October 31st, 2011, 08:46 PM
Replies: 76
Views: 18,034
Posted By Fat Tails
Why is Greece bankrupt?

Greece Paid $11.5 Billion in False Pensions


Athens - Greece's biggest pension fund has paid out up to 8 billion euros in fraudulent pensions in the past decade, highlighting the widespread...
Forum: Off-Topic October 31st, 2011, 08:23 PM
Replies: 76
Views: 18,034
Posted By Fat Tails
The question has not been correctly asked. Why...

The question has not been correctly asked. Why should Germany leave the Euro?

What we observe is a clash of cultures. Southern Europeans have the habit of spending more than they can afford and...
Forum: Off-Topic October 31st, 2011, 05:39 AM
Replies: 76
Views: 18,034
Posted By Fat Tails
See the last three candles. The shareholders are...

See the last three candles. The shareholders are less confident than you are.

And I certainly would not buy that stock.
Forum: Off-Topic October 10th, 2011, 06:12 PM
Replies: 76
Views: 18,034
Posted By Fat Tails
It does not need an agreement. Usually they have...

It does not need an agreement. Usually they have a lot of business with each other, so if one of them fails, some of the other ones are likely to fail as well.

The main problem is that some of the...
Forum: Off-Topic October 10th, 2011, 10:09 AM
Replies: 76
Views: 18,034
Posted By Fat Tails
@Messk (https://nexusfi.com/member.php?u=19092) ...

@Messk (https://nexusfi.com/member.php?u=19092)

That is the whole point. Don't bail out the banks again, because they need to learn that it does not pay to participate in Ponzi schemes.


Let...
Forum: Off-Topic October 10th, 2011, 07:19 AM
Replies: 76
Views: 18,034
Posted By Fat Tails
Yes, a Greek default will create a squeeze in the...

Yes, a Greek default will create a squeeze in the financial markets. Some of the owners of Greek bonds will have to examine their inventories for bonds stemming from other Ponzi schemes. After the...
Forum: Off-Topic October 9th, 2011, 10:10 AM
Replies: 76
Views: 18,034
Posted By Fat Tails
This is too simple. A default of Greece is one of...

This is too simple. A default of Greece is one of the possible solutions of the problem. But this does not mean that they need to leave the Euro. If I am defaulting on my mortgage, I won't be...
Forum: Off-Topic October 8th, 2011, 12:34 PM
Replies: 76
Views: 18,034
Posted By Fat Tails
Very true. The roads of Berlin are full of holes,...

Very true. The roads of Berlin are full of holes, because the city is bankrupt.

Eastern Germany's industrial heritage was a whole bunch of factories for the 1930's that had not been properly...
Forum: Off-Topic October 8th, 2011, 12:17 PM
Replies: 76
Views: 18,034
Posted By Fat Tails
The picture is not correct, they do not sit on...

The picture is not correct, they do not sit on the beach drinking ouzo. There are not so many differences. By the way I also dring ouzo sometimes. The German Parliament - the Bundestag - has voted...
Forum: Off-Topic October 8th, 2011, 10:18 AM
Replies: 76
Views: 18,034
Posted By Fat Tails
@zt379 (https://nexusfi.com/member.php?u=1063) ...

@zt379 (https://nexusfi.com/member.php?u=1063) Thanks for your response, enjoyed reading it!



What about paying taxes? The greek are not poor. I would say that they are better off than...
Forum: Off-Topic October 7th, 2011, 05:15 PM
Replies: 76
Views: 18,034
Posted By Fat Tails
The translator is awful, just like one of the...

The translator is awful, just like one of the dogs of Big Mike performing an opera.

No confusion between $ and €. The point is that the income per capita in Eastern Germany is about the same as it...
Forum: Off-Topic October 7th, 2011, 04:55 PM
Replies: 76
Views: 18,034
Posted By Fat Tails
Ups and downs are relative. It is going down...

Ups and downs are relative. It is going down relative to China, because in absolute terms China is still behind.


But then have a look at the EURUSD chart over the last 10 years. What is going...
Forum: Off-Topic October 7th, 2011, 04:50 PM
Replies: 76
Views: 18,034
Posted By Fat Tails
GDP per capita (purchase power parity) ...

GDP per capita (purchase power parity)

Germany $ 36,033
Greece $ 28,434
Portugal $ 23,222
Romania $ 11,860
China $ 8,394

In Greece there is an obvious mismatch between actual wealth and...
Forum: Off-Topic October 7th, 2011, 02:31 PM
Replies: 76
Views: 18,034
Posted By Fat Tails
Germans certainly do not want to bail out Greece....

Germans certainly do not want to bail out Greece. And by the way Finnish and Slovakian and other Northern or Central European Nations do not want either.

The problem is asymmetry. Some of the...
Forum: Off-Topic October 7th, 2011, 09:29 AM
Replies: 76
Views: 18,034
Posted By Fat Tails
Most German's dont hate Angela Merkel. She is not...

Most German's dont hate Angela Merkel. She is not at the origin of the European crisis, and she is not a trained economist. Maybe she is not able of surrounding herself with appropriate consultants,...
Forum: Off-Topic October 7th, 2011, 09:00 AM
Replies: 76
Views: 18,034
Posted By Fat Tails
This is a favourite subject of British and...

This is a favourite subject of British and American subjects. The above posts are not very serious. :lalala:

The Problem

Southern European countries historically never have kept their budgets...
Showing results 1 to 18 of 18

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