RE Youthstream's BS about the American vs Euro economies

FreshTopEnd wrote:

LOL. I'm hiding this one here.

I've used up almost all of my 2011 posting budget in the last couple days.

FreshTopEnd wrote:

Some of my Euro friends here have been critical of my observation that I thought the YS propaganda about the GP's being in better shape because...

Some of my Euro friends here have been critical of my observation that I thought the YS propaganda about the GP's being in better shape because the European economy was golden compared to a depressed US economy. MXMatti in fact threw an inspired anti American rant my way in a thread about Pourcel now in the dungeon, complete with personal insults and Michael Moore clips. That was a hoot.

Here's an article by Paul Krugman, a Nobel Prize winning economist and NY Times columnist, a die-hard liberal and hardly the blind banner-waver of American patriotic exceptionalism. It's a good read for anyone with an interest in world affairs if you have the patience to make it through. No one claims things are great here, but they are improving even if too slowly and with some on going pain for people who by their own or others' decisions are in financial distress. But it is improving. The trend is less so over there. No one is happy about it.


http://www.nytimes.com/2011/01/16/magazine/16Europe-t.html?_r=1&src=me&ref=general

FreshTopEnd wrote:

Some of my Euro friends here have been critical of my observation that I thought the YS propaganda about the GP's being in better shape because...

Some of my Euro friends here have been critical of my observation that I thought the YS propaganda about the GP's being in better shape because the European economy was golden compared to a depressed US economy. MXMatti in fact threw an inspired anti American rant my way in a thread about Pourcel now in the dungeon, complete with personal insults and Michael Moore clips. That was a hoot.

Here's an article by Paul Krugman, a Nobel Prize winning economist and NY Times columnist, a die-hard liberal and hardly the blind banner-waver of American patriotic exceptionalism. It's a good read for anyone with an interest in world affairs if you have the patience to make it through. No one claims things are great here, but they are improving even if too slowly and with some on going pain for people who by their own or others' decisions are in financial distress. But it is improving. The trend is less so over there. No one is happy about it.


http://www.nytimes.com/2011/01/16/magazine/16Europe-t.html?_r=1&src=me&ref=general

lestat wrote:

Do you really think that the economy of the USA is on the way to impoving ? I don't see anything that has changed since 07...

Do you really think that the economy of the USA is on the way to impoving ? I don't see anything that has changed since 07 . The real crash is yet to come . It is probably going to hurt falling from that high horse that you are sitting on .