Fantastic article on Europe

[monkeytassle]

my favourite current finance writer Ambrose Evans Pritchard

http://www.telegraph.co.uk/finance/f...epression.html

I highlight this bit:

Lest it be forgotten, the ECB allowed the eurozone’s M3
money supply to rise at double-digit rates in the middle of the
last decade (against a target of 4.5pc) in order to lift Germany
out of slump. It tilted policy to German needs, blighting the
South.

Come on Germany, time to stump up.

[Typhoonftm]

You have a favourite current finance writer?

You money men are strange

[Womble Don]

An interesting article

"Spain has an overhang of 1.5 million homes"
Everybody was encouraged to be a property investor
They bought looking for a fast return
but with property there eventually has to be an 'end user'
Somebody who actually wants to keep it for a substantial period of time
When these 'end users' do not exist you are in the shit
Loads of properties standing empty and unwanted

Dubai is the same, too many properties and no 'end users'

[monkeytassle]

Originally Posted by Typhoonftm

You have a favourite current finance writer?

You money men are strange

same as having a current favourite band or stand up or brand of coffee?

[Medulla]

I think M3 is my second favourite of all the money supplies.

[Tom73]

Interesting read.

[monkeytassle]

Originally Posted by Medulla

I think M3 is my second favourite of all the money supplies.

definitely mine too.

[Tex]

It's the final countdown for the Euro?

[monkeytassle]

Originally Posted by Tex

It's the final countdown for the Euro?

isn't that one ironic right now?

[Mackem00]

Originally Posted by monkeytassle

same as having a current favourite band or stand up or brand of coffee?

Aye mate, exactly the same.