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Old 11-13-2009, 06:31 PM
 
Location: Saturn
1,519 posts, read 1,579,567 times
Reputation: 246

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The recession is over.

The economic policies of the EU and the ECB has seen our soon to be federal State pull clear from recession.

Yet another success for Europe.

Praise the lord I'm European.

AFP: Europe crawls out of recession
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Old 11-13-2009, 06:40 PM
 
3,707 posts, read 4,467,178 times
Reputation: 1670
Yes, praise the Lord you're European.
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Old 11-13-2009, 06:45 PM
 
Location: Great State of Texas
86,052 posts, read 81,313,124 times
Reputation: 27707
So, you see those green shoots over there too? Don't hold your breath is my advice.
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Old 11-13-2009, 06:45 PM
 
4,126 posts, read 4,905,397 times
Reputation: 1621
Quote:
Originally Posted by Indurain View Post
The recession is over.

The economic policies of the EU and the ECB has seen our soon to be federal State pull clear from recession.

Yet another success for Europe.

Praise the lord I'm European.

AFP: Europe crawls out of recession
I guess you didn't hear the news. According to our great leader, the recession was over last month for us.
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Old 11-13-2009, 06:48 PM
 
Location: Nashville
841 posts, read 2,196,710 times
Reputation: 379
Thank God I'm a EU citizen.
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Old 11-13-2009, 08:51 PM
 
7,404 posts, read 10,701,788 times
Reputation: 3509
Quote:
While government stimulus spending worldwide may have succeeded in jumpstarting the global economy, some countries may be forced to scale down spending in 2010 due to soaring budget deficits.

"Yes, any improvement in economic activity in the world is good news," said Howard Archer, chief European economist at IHS Global Insight in London. "But the question is: is this sustainable, especially once the stimulus measures start to be withdrawn?"

washingtonpost.com
Well it may take some time to see how these stimulus plans play themselves out in both the U.S and Europe. So far the stimulus in America hasn't led to the multiplier effect.
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Old 11-13-2009, 08:54 PM
 
Location: Great State of Texas
86,052 posts, read 81,313,124 times
Reputation: 27707
Quote:
Originally Posted by Motion View Post
Well it may take some time to see how these stimulus plans play themselves out in both the U.S and Europe. So far the stimulus in America hasn't led to the multiplier effect.
They are still at the adding stage:

We have 138 new jobs..oops, no, we have 6,000,000 new jobs...oops, no we have 500,000 new jobs.

Once they settle on a number then you will see the frenzied multiplier effect showing trillions of secondary jobs created.
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Old 11-13-2009, 08:56 PM
 
Location: southern california
61,284 posts, read 84,047,640 times
Reputation: 55469
they have been saying that here for over a year. the recession they said never happened.
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Old 11-13-2009, 08:57 PM
 
Location: Great State of Texas
86,052 posts, read 81,313,124 times
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Quote:
Originally Posted by Huckleberry3911948 View Post
the recession they said never happened.
And that was due to the housing bubble bust that they never saw coming.
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Old 11-13-2009, 09:22 PM
 
Location: Florida
73,512 posts, read 43,447,425 times
Reputation: 13613
Quote:
Originally Posted by Indurain View Post
The recession is over.

The economic policies of the EU and the ECB has seen our soon to be federal State pull clear from recession.

Yet another success for Europe.

Praise the lord I'm European.

AFP: Europe crawls out of recession
Ours ended some time ago, but I'm glad you're finally catching up in Europe.
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