NP - Germany Won't Budge on Austerity: Economic Suicide is Character Building

[alice malice]

Well, one could argue that the US recovery is a jobless one, that is,
a recovery that exposes shrinking labor force, much of it demographic
baby boomer retirement etc.,  though the jury is still out on the
cyclical or structural causes of the shrinking labor force, and, wages
have not budged, but neither has inflation, though the US is not, as
Europe is, in a dis-inflationary and deflationary cycle...so, to make
a long story short, one can argue that the US has a weak recovery, one
that has not done all that much for wage earners, the poor, the
working classes,  but one can not argue that the US has no recovery.
We have a major recovery in place. Europe does not. And, the US has
put the financial crisis behind, has built a new energy policy and
structure, has positioned itself for additional growth. Not so in
Europe.  These are not nationalistic claims. Simple economics. Our
housing crisis is over, our banking crisis is over, our massive QE is
ending, our economy has recovered and, though it faces headwinds from
Europe, Japan, the geo-politials, it will, as the IMF says, pull the
world economy, not China, not the BRICS plus SA.

On Mon, Oct 13, 2014 at 9:45 AM, Otto <ottosell at googlemail.com> wrote:
> Can't see that "America has recovered". And your "Union" is as split
> as ours, economically and ethnically.
>
> 2014-10-13 15:07 GMT+02:00 David Morris <fqmorris at gmail.com>:
>> Clearly this response shows the weakness of the Euro: the "Union" is a
>> farce.
>>
>> But Germany won't be able to stand alone for long.  If Europe is screwed, so
>> is Germany.
>>
>>
>>
>> On Mon, Oct 13, 2014 at 3:53 AM, Kai Frederik Lorentzen
>> <lorentzen at hotmail.de> wrote:
>>>
>>>
>>> On 12.10.2014 12:09, alice malice wrote:
>>>
>>> Europe is screwed. And Germany is only doing what it needs to do to
>>> get in a better position to recover over the longer term.
>>>
>>>
>>> Amen!
>>>
>>
> -
> Pynchon-l / http://www.waste.org/mail/?list=pynchon-l
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Pynchon-l / http://www.waste.org/mail/?list=pynchon-l