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(New Europe)   The German economy takes its biggest dive since late 2009   (neurope.eu) divider line 50
    More: Scary, 16th state  
•       •       •

2436 clicks; posted to Business » on 09 Jul 2013 at 9:23 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-07-09 09:25:39 AM
German who knows all about big dives:

img250.imageshack.us

I wanted to post something relevant, but I am not in a condition to Fark.
 
2013-07-09 09:41:40 AM
Turns out, your exports are going to suffer if your biggest trading partners don't have any money.  Who knew?
 
2013-07-09 09:48:09 AM

Arkanaut: Turns out, your exports are going to suffer if your biggest trading partners don't have any money.  Who knew?


The Germans that pushed austerity for everyone but them all at once?
 
2013-07-09 09:56:09 AM
 
2013-07-09 10:05:51 AM
Well, we all know what this means - 75% across the board cut in all public benefits for German citizens, combined with firing all public servants and a immediate confiscation of all citizen's retirement funds.
 
2013-07-09 10:10:17 AM

Deneb81: Arkanaut: Turns out, your exports are going to suffer if your biggest trading partners don't have any money.  Who knew?

The Germans that pushed austerity for everyone but them all at once?


Well you'd think that if they knew that, they wouldn't have been so gung-ho about it.
 
2013-07-09 10:15:14 AM

Kuta: Germans. Diving since (at least) 1990. 1851.


FTFY.  

/Diving + Germans = U-boats.
//That's the only correct answer.
 
2013-07-09 10:48:32 AM
Did something happen to the Hoff?
 
2013-07-09 11:05:26 AM

dittybopper: German who knows all about big dives:

[img250.imageshack.us image 850x508]

I wanted to post something relevant, but I am not in a condition to Fark.


Since when has that ever stopped anybody?
 
2013-07-09 11:09:19 AM

Smeggy Smurf: dittybopper: German who knows all about big dives:

[img250.imageshack.us image 850x508]

I wanted to post something relevant, but I am not in a condition to Fark.

Since when has that ever stopped anybody?


Around here, sobriety is a deterrent. Maybe he was just saying he was only on his 4th beer.
 
2013-07-09 11:27:32 AM
Remind me again, who else in the Eurozone has any money to buy their exports now that AUSTERITY has taken hold?
 
2013-07-09 11:37:40 AM
Merkel will have to turn to making porn with goats.
 
2013-07-09 11:40:35 AM
images.mises.org
EU "Austerity"

images.mises.org

Look at those huge cuts!
 
2013-07-09 12:01:21 PM

MugzyBrown: [images.mises.org image 481x394]
EU "Austerity"

[images.mises.org image 538x434]

Look at those huge cuts!


Without any labels on the left hand axis, I have no idea what those numbers mean.

The bottom axis I can reasonably guess is years. The left side, I have no farking clue. Millions of dollars spent? Cow farts recorded? farkING LABEL YOUR AXIS.

Jesus, do people on the right have no concept of how graphs work? Do you guys just think they're pretty lines that magically convince people of your side of the debate?
 
2013-07-09 12:02:37 PM

MugzyBrown: [images.mises.org image 481x394]
EU "Austerity"

[images.mises.org image 538x434]

Look at those huge cuts!


Not sure what you're trying to show there, but the top chart clearly shows austerity applied across the EU (even though the smaller Eurozone is more relevant) in 2010-2011, while the bottom chart (with an unlabeled Y axis) seems to show that Greece, Portugal, and Spain clearly did enact an austerity program, and the curve bent down for pretty much every country.  Also, (again, since the Y axis is unlabeled) if this doesn't show government spending per capita, it's kinda meaningless.
 
2013-07-09 12:03:01 PM

HotIgneous Intruder: Merkel will have to turn to making porn with goats.


i44.tinypic.com
 
2013-07-09 12:03:36 PM
The poors can't afford das autos.
 
2013-07-09 12:10:30 PM
Now is the time to beware of any well spoken failed Austrian artists migrating to Germany.
 
2013-07-09 12:14:33 PM

Felgraf: MugzyBrown: [images.mises.org image 481x394]
EU "Austerity"

[images.mises.org image 538x434]

Look at those huge cuts!

Without any labels on the left hand axis, I have no idea what those numbers mean.

The bottom axis I can reasonably guess is years. The left side, I have no farking clue. Millions of dollars spent? Cow farts recorded? farkING LABEL YOUR AXIS.

Jesus, do people on the right have no concept of how graphs work? Do you guys just think they're pretty lines that magically convince people of your side of the debate?


It's really not that complicated of a graph.. if you were to have to take a wild guess, what would it be... hmmm Euros?

Wow, yes, it's billions of euros.

EU gov't spending is up over 20% over the past 7 years.  I wish my employer was so austere with my paycheck.
 
2013-07-09 12:14:58 PM
Did Jurgen Klinnsman get put in charge of the economy?
 
2013-07-09 12:25:54 PM

MugzyBrown: Felgraf: MugzyBrown: [images.mises.org image 481x394]
EU "Austerity"

[images.mises.org image 538x434]

Look at those huge cuts!

Without any labels on the left hand axis, I have no idea what those numbers mean.

The bottom axis I can reasonably guess is years. The left side, I have no farking clue. Millions of dollars spent? Cow farts recorded? farkING LABEL YOUR AXIS.

Jesus, do people on the right have no concept of how graphs work? Do you guys just think they're pretty lines that magically convince people of your side of the debate?

It's really not that complicated of a graph.. if you were to have to take a wild guess, what would it be... hmmm Euros?

Wow, yes, it's billions of euros.

EU gov't spending is up over 20% over the past 7 years.  I wish my employer was so austere with my paycheck.


Yeah, it's almost like they had some banks that needed hundreds of billions of Euros that they had to rescue or something.  Greece hasn't had to cut it's military's budget by 30% at all.  It's completely not at all at the rebellion point and voting for a NAZI party as an act of disobedience.

Your graphs lack the context of anything.  Either you are deliberately misleading people to support your political views and/or you are an idiot.
 
2013-07-09 12:26:07 PM

xria: Did Jurgen Klinnsman get put in charge of the economy?


Easy now. Let's not get personal with the Golden Bomber.
 
2013-07-09 12:31:49 PM

MugzyBrown: It's really not that complicated of a graph.. if you were to have to take a wild guess, what would it be... hmmm Euros?


That's fine and dandy, you should still friggen label your axis.

If I can get 18-year-old-college students to do it when I'm TAing a lab, you, a presumably grown adult, should be able to as well. Or you could link to the source.

Doing neither is laziness.

/Why yes, IT IS a pet peeve.
 
2013-07-09 12:40:00 PM
It took THREE posts before somebody started biatching about austerity. Is the bot that looks for "Europe" and "economy" down for maintenance or something?
 
2013-07-09 01:14:16 PM

MugzyBrown: Felgraf: MugzyBrown: [images.mises.org image 481x394]
EU "Austerity"

[images.mises.org image 538x434]

Look at those huge cuts!

Without any labels on the left hand axis, I have no idea what those numbers mean.

The bottom axis I can reasonably guess is years. The left side, I have no farking clue. Millions of dollars spent? Cow farts recorded? farkING LABEL YOUR AXIS.

Jesus, do people on the right have no concept of how graphs work? Do you guys just think they're pretty lines that magically convince people of your side of the debate?

It's really not that complicated of a graph.. if you were to have to take a wild guess, what would it be... hmmm Euros?

Wow, yes, it's billions of euros.

EU gov't spending is up over 20% over the past 7 years.  I wish my employer was so austere with my paycheck.


Assuming the Y axis is the same for both charts, all you've shown is:

A) the EU is not like the US and is in fact countries with very different economies
B) most of the spending increases have come from countries that were already doing better than their neighbors
C) Greece did in fact have a spending decrease. Germany and France did not.
D) Some EU countries have much larger economies than others.

Not included:
A) actual values for the graphs
B) any relationship to per capita spending.
C) a usable chart of Greece's spending and income. Particularly one that doesn't occupy only the bottom 5% of the graph.

In short, I'm not sure those graphs show what you think they show.
 
2013-07-09 01:18:08 PM

jjorsett: It took THREE posts before somebody started biatching about austerity. Is the bot that looks for "Europe" and "economy" down for maintenance or something?


If the shoe fits, throw it.

/huh?
 
2013-07-09 01:37:56 PM

MugzyBrown: Felgraf: MugzyBrown: [images.mises.org image 481x394]
EU "Austerity"

[images.mises.org image 538x434]

Look at those huge cuts!

Without any labels on the left hand axis, I have no idea what those numbers mean.

The bottom axis I can reasonably guess is years. The left side, I have no farking clue. Millions of dollars spent? Cow farts recorded? farkING LABEL YOUR AXIS.

Jesus, do people on the right have no concept of how graphs work? Do you guys just think they're pretty lines that magically convince people of your side of the debate?

It's really not that complicated of a graph.. if you were to have to take a wild guess, what would it be... hmmm Euros?

Wow, yes, it's billions of euros.

EU gov't spending is up over 20% over the past 7 years.  I wish my employer was so austere with my paycheck.


Is that in nominal euros or constant euros? The eurozone CPI has increased by about 19% over those 17 years, so it could be that the government is paying for exactly the same stuff as 7 years ago, except they have to pay more for things.  Also, it's notable that 2005 is before the financial crisis and before the ECB started pushing austerity policies.
 
2013-07-09 02:11:59 PM

talan123: Yeah, it's almost like they had some banks that needed hundreds of billions of Euros that they had to rescue or something.


Maybe they should try not rescuing the banks.
 
2013-07-09 02:16:37 PM

imashark: Remind me again, who else in the Eurozone has any money to buy their exports now that AUSTERITY has taken hold?


The countries that aren't Greece, Portugal or Spain I guess.

---

On another note. German imports rising 1.7% is a good sign for the Eurozone.
 
2013-07-09 03:20:27 PM

jjorsett: It took THREE posts before somebody started biatching about austerity. Is the bot that looks for "Europe" and "economy" down for maintenance or something?


Maintenance? No...this is the EU we're discussing, so more likely 'industrial action'.
 
2013-07-09 03:47:40 PM
So, Jews?
 
2013-07-09 04:26:46 PM

Arkanaut: MugzyBrown: Felgraf: MugzyBrown: [images.mises.org image 481x394]
EU "Austerity"

[images.mises.org image 538x434]

Look at those huge cuts!

Without any labels on the left hand axis, I have no idea what those numbers mean.

The bottom axis I can reasonably guess is years. The left side, I have no farking clue. Millions of dollars spent? Cow farts recorded? farkING LABEL YOUR AXIS.

Jesus, do people on the right have no concept of how graphs work? Do you guys just think they're pretty lines that magically convince people of your side of the debate?

It's really not that complicated of a graph.. if you were to have to take a wild guess, what would it be... hmmm Euros?

Wow, yes, it's billions of euros.

EU gov't spending is up over 20% over the past 7 years.  I wish my employer was so austere with my paycheck.

Is that in nominal euros or constant euros? The eurozone CPI has increased by about 19% over those 17 years, so it could be that the government is paying for exactly the same stuff as 7 years ago, except they have to pay more for things.  Also, it's notable that 2005 is before the financial crisis and before the ECB started pushing austerity policies.


You don't get it. You're stupid for questioning his unlabelled graph. It doesn't matter that even his explanation is ambiguous. What's important here is that he's right and willing to talk down to you until you understand that.
 
2013-07-09 04:29:19 PM

YixilTesiphon: talan123: Yeah, it's almost like they had some banks that needed hundreds of billions of Euros that they had to rescue or something.

Maybe they should try not rescuing the banks.


The point of a bailout is to not repeat the mistakes that created the great depression, not recreating them on a bigger scale.  Letting one bank collapse means that any bank can collapse which means all of the banks are going to have problems, that's what happened after we let Lehman Brothers fail.
 
2013-07-09 04:31:38 PM
Damn German industries need to pull their shiat together and really concentrate.

If only there was some place where they could all go and learn to concentrate on improving business. Kind of like a camp, except a camp you concentrate at.
 
2013-07-09 04:39:26 PM

ThatDarkFellow: Damn German industries need to pull their shiat together and really concentrate.

If only there was some place where they could all go and learn to concentrate on improving business. Kind of like a camp, except a camp you concentrate at.


I can see that, they can concentrate there and perform various activities. At the end of the day they can all sleep in specially designated buildings.
 
2013-07-09 04:47:46 PM

tricycleracer: The poors can't afford das autos.


If there was cheap car for the peoples...
 
2013-07-09 05:16:30 PM

Bslim: So, Jews?


I knew it was the Jews! Even when it was the gays, I knew it was the Jews.
 
2013-07-09 06:31:00 PM

Kumana Wanalaia: Bslim: So, Jews?

I knew it was the Jews! Even when it was the gays, I knew it was the Jews.


Well, only Jews have the gay.  it's a proven fact
 
2013-07-09 06:48:32 PM

skinink: Now is the time to beware of any well spoken failed Austrian artists migrating to Germany.


image.lyricspond.com

/Falco is making a comeback?
 
2013-07-09 06:50:49 PM

HotIgneous Intruder: Merkel will have to turn to making porn with goats.


latimesphoto.files.wordpress.com/round them up boys!
 
2013-07-09 07:40:18 PM
bier ist gut no matter if times are good or bad
 
2013-07-09 10:03:33 PM

ThatDarkFellow: Damn German industries need to pull their shiat together and really concentrate.

If only there was some place where they could all go and learn to concentrate on improving business. Kind of like a camp, except a camp you concentrate at.


Eet is mine unterztanding zat vorking een vis mahner veel machst du frei, jah?
 
2013-07-09 10:15:04 PM
MugzyBrown: It's really not that complicated of a graph.. if you were to have to take a wild guess, what would it be... hmmm Euros?

Wow, yes, it's billions of euros.

EU gov't spending is up over 20% over the past 7 years.  I wish my employer was so austere with my paycheck.



Inflation in the Eurozone over the last 7 years is 18.16%.  So less than 2% of that additional spending is an actual increase with the remainder simply tracking inflation.

Of course, I'm sure you took that into account.
 
2013-07-09 10:48:38 PM
This has all been a slow moving train wreck for a long time now.   Europe is slowly sliding into the abyss.  I would be truly shocked if they somehow manage to pull it out and keep it all together.
 
2013-07-09 10:58:58 PM

talan123: YixilTesiphon: talan123: Yeah, it's almost like they had some banks that needed hundreds of billions of Euros that they had to rescue or something.

Maybe they should try not rescuing the banks.

The point of a bailout is to not repeat the mistakes that created the great depression, not recreating them on a bigger scale.  Letting one bank collapse means that any bank can collapse which means all of the banks are going to have problems, that's what happened after we let Lehman Brothers fail.



Sorry, I'm not buying.  You may read The Economist while I spend my time watching rent disputes on TV courtroom shows but even I know risk without consequences destroys meaningful capitalism. It only delays the other shoe dropping.
 
2013-07-10 12:27:37 AM
spawn73:

On another note. German imports rising 1.7% is a good sign for the Eurozone.

Not if those are imports from China.
 
2013-07-10 01:26:08 AM
Well Germany knows how to react when their economy goes to shiat. Just listen to the tiny mustache'd anger monkey. :O
 
2013-07-10 07:15:17 AM
www.bbc.co.uk
Your name vill also go on ze list!
 
2013-07-10 07:45:32 AM
encrypted-tbn3.gstatic.com
Everyone knows if you want to grow the economy you must have a system that enables public servants a way to retire in their fifties and continue drawing from the public treasury for the next 20-30 years at 80%-90% of salary.

 Still better stimulus is to promote that civil servant in their last year and have the pension pegged to their highest earning.
Money can always be raised by taxes or user fee's.

This way  25% of those employed by government /civil service workforce, will have money needed to buy the distressed property of the remaining working class.
Thus helping the blue collar put off defaulting for another day.
 
2013-07-10 08:35:18 AM
The make the Sham-Wow; you'd think they would be seeing some success.
 
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