Metal Reviews

[Azrael]

Euro and european stocks are down. that's fucking stupid. austerity is doing nothing for job creation and growth in Europe, so maybe the markets could perhaps let governments give the alternative a chance?

[traptunderice]

[Azrael]

i know, i was expressing frustration at the market's view of things. i swear, people probably think "oh it's going to go down so i'm shorting the euro and the CAC 40 and the PSI 20 and eurozone government bonds anything else euro-related that i can think of" instead of stopping to think exactly how these changes will affect the underlying economies and the performance of companies listed in the region.

i really don't think austerity, at least the way it's being dished out now, is helping. unemployment, bankruptcies and foreclosures are still rising in Portugal. VAT is higher, and for what? i read some projection claiming that the state will actually make LESS VAT because of the hike! so where will the growth come from?

i agree that we need a deleveraging, i do not agree that this is the way to accomplish it.

just hope Hollande doesn't go all populist and go and increase the minimum wage or something.

[The Annoying Frenchman]

He will increase the minimum wage, not sufficiently enough though. And it need to be done in a country where rental prices have gone off the roof, where social security has dramatically decreased the reimboursments... And, most of all, in a world where the benefit of labour go to bankers, traders and speculators rather than those actually building or growing things.

The world has gone mad, I doub Hollande can change that but I'm sure he'll do better than N.S.

[Karmakosmonaut]

The friendly neighbourhood maghrebins of France are obviously very glad a socialist won:



For the non-french literate among us: all of those people are proudly declaring their beloved Islam will fuck over the hated France.

[Cú Chulainn]

The left needs to stop pandering to Islam if it's to maintain relevance and respect in a modern, multicultural society. I consider myself very leftist, but the parties need to realize that appeasing Islam does not follow leftist thought.

[The Annoying Frenchman]

[Bruce_Bitenfils]

[Zadok]

Not to be nice to socialists, but it's not like Sarkozy chased the anti-immigrant vote or anything.
_________________

[Bruce_Bitenfils]

[dead1]

Australian Federal Budget:

So what do you do when your economy is slowing down, consumer/business sentiment is low, your manufacturing and agricultural export sectors are suffocating due to a high exchange rate, government tax receipts are in freefall and the only sector of your economy that is functioning is mining

a.) You introduce a tax on mining profits
b.) You introduce a carbon tax
c.) You do not reduce corporate taxes as promised.
d.) You cut government expenditure
e.) You dole out billions of tax in cash handouts to mask the other more important blunders you've made.
f.) All of the above


Correct answer is f.).

So despite all conventional knowledge, the Australian federal government has introduced a budget that will cut expenditure and increase taxation at a time when the economy needs stimulus and lower taxation to kick start the economy.

[The Annoying Frenchman]

[Zadok]

We throw money at our ex-PMs, too.

[Zadok]

One for the Americans: an explanation of British government.

http://viva-freemania.blogspot.co.uk/2008/02/british-government-americans-guide.html
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[Bruce_Bitenfils]

[Karmakosmonaut]

[noodles]

"les shinoi" cracked me up

[Bruce_Bitenfils]

[noodles]

http://www.youtube.com/watch?v=F9SOVzMV2bc

haha

[Zadok]