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energyman76b
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PostPosted: Tue Dec 04, 2012 10:40 pm    Post subject: Germany increases exports Reply with quote

crisis? what crisis?

Quote:


In overall third-quarter figures, German exports grew 3.6 percent compared with the same period a year ago, to reach a total of 275 billion euros ($359 billion) between July and September, according to data released by the Federal Statistics Office Tuesday.
Deliveries to countries outside of the 27-nation EU even surged by a staggering 9.9 percent, offsetting a 3 percent drop in exports to the crisis-hit eurozone, the agency, also known as Destatis, reported.
video1falseje/je20121204_export16b_sd04747http://www7.dw-world.de/videometa/images/je/je20121204_export16b_image_512x288_3.jpg

German exports still strong
Demand for German goods and services was especially strong in the United States, where orders climbed by 25.7 percent in the three-month period. Exports to South Korea and Japan also posted major gains of 15.8 and 12.9 percent respectively.


http://www.dw.de/rising-overseas-demand-props-up-german-exports/a-16426864
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energyman76b
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PostPosted: Tue Dec 04, 2012 10:44 pm    Post subject: Reply with quote

please compare that with this 'expert':

http://www.presstv.ir/detail/2012/11/27/274799/german-exportbased-economy-faltering/
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PostPosted: Wed Dec 05, 2012 1:25 am    Post subject: Reply with quote

lol

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Bones McCracker
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PostPosted: Wed Dec 05, 2012 1:40 am    Post subject: Reply with quote

More evidence why Germany should rule Europe. Why not skip all the farting around and just consolidate the EU government now in Berlin? Must we wait a hundred years and have yet another Europe-weakening "world war" to make this happen (one that will open the door for the Muslim invasion)? I say unify now, even if it means implementing a caste system.
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erm67
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PostPosted: Wed Dec 05, 2012 12:08 pm    Post subject: Reply with quote

http://www.forexlive.com/blog/2012/12/04/moodys-declines-to-comment-on-german-downgrade-rumor/

Quote:
Moody’s Declines To Comment On German Downgrade Rumor

Other ratings agencies are quick to deny rumors but it’s Moody’s policy not to comment on rumors… something to remember if you want to start a rumor.


Getting nervous over there? Often rumors about downgrades turns out to be true, and moody's can actually read balance sheets :-)
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energyman76b
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PostPosted: Wed Dec 05, 2012 5:32 pm    Post subject: Reply with quote

erm67 wrote:
http://www.forexlive.com/blog/2012/12/04/moodys-declines-to-comment-on-german-downgrade-rumor/

Quote:
Moody’s Declines To Comment On German Downgrade Rumor

Other ratings agencies are quick to deny rumors but it’s Moody’s policy not to comment on rumors… something to remember if you want to start a rumor.


Getting nervous over there? Often rumors about downgrades turns out to be true, and moody's can actually read balance sheets :-)


no, not nervous at all.

First: which rumours?
Second: Moody - who really where able to forsee Lehmann Brothers & co.... yeah, one of those....

unrelated (maybe) I am all in favour of Greece defaulting on most of its debt. Much of it is in the hands of hedge fonds who were speculating for a quick buck. So it would hit those who are responsible for the situation.
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Libertardian denial of reality is wholly unimpressive and unconvincing, and simply serves to demonstrate what a bunch of delusional fools they all are.

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erm67
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PostPosted: Wed Dec 05, 2012 9:56 pm    Post subject: Reply with quote

energyman76b wrote:

First: which rumours?


http://www.forbes.com/sites/afontevecchia/2012/11/19/france-axed-by-moodys-germany-and-others-still-face-negative-outlook/

Quote:
France Axed By Moody's, Germany And Others Still Face Negative Outlook


It is a while that Germany is under review with a negative outlook ... a few days ago a German politician (or someone related to finance) said on German tv that he wouldn't be surprised if rating agencies had downgraded Germany, that is gone viral on the internet and everybody is now talking about Germany being downgraded ....... You know self fullfilling prophecies ....

Don't you read financial news?
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PostPosted: Thu Dec 06, 2012 3:07 am    Post subject: Reply with quote

That's why the upbeat financial propaganda is being published to pump up popular economic sentiment. Good Germans read that and head out to the Brausteindrinkenhaus to spend a few Reichsgulden.
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energyman76b
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PostPosted: Thu Dec 06, 2012 6:51 pm    Post subject: Reply with quote

erm67 wrote:

Don't you read financial news?


I try to keep my daily crap intake at a minimum.

BoneKracker wrote:
That's why the upbeat financial propaganda is being published to pump up popular economic sentiment. Good Germans read that and head out to the Brausteindrinkenhaus


Trinkhalle

BoneKracker wrote:

to spend a few Reichsgulden.


well, that is why money exist. Why keep it around, watching it while inflation takes away its worth if you can get drunk?
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Libertardian denial of reality is wholly unimpressive and unconvincing, and simply serves to demonstrate what a bunch of delusional fools they all are.

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erm67
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PostPosted: Thu Dec 06, 2012 6:59 pm    Post subject: Reply with quote

energyman76b wrote:
erm67 wrote:

Don't you read financial news?


I try to keep my daily crap intake at a minimum.



Good idea .... it is crap anyway.
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PostPosted: Thu Dec 06, 2012 9:21 pm    Post subject: Reply with quote

energyman76b wrote:
unrelated (maybe) I am all in favour of Greece defaulting on most of its debt.


Instead it's on an EU funded blood transfusion, with a question as to how much
punishment the host can actually take. A better solution would have been the surgery
to fix the malady, most likely involving amputation, which some called for - and
were ignored.
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erm67
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PostPosted: Thu Dec 06, 2012 9:46 pm    Post subject: Reply with quote

Well Greece is currenty is in a piloted default already ....

http://www.forbes.com/sites/afontevecchia/2012/12/05/greece-in-default-once-again-on-troika-imposed-bond-buyback-sp-says/

Quote:


S&P announced that Greece’s credit rating was being cut from CCC to SD (selective default) late on Wednesday in New York. The credit rating agency referenced the December 3 offer by the Greek government to private investors to participate in a Dutch auction to exchange their sovereign bonds for short-term paper issued by the European Financial Stability Facility (EFSF).

Greece unveiled the bond buyback program, which is expected to be conducted on December 17, as part of the conditions imposed by the European Union and the IMF that made up the new deal which freed up a much-needed tranche of bailout money.

The deal, which targets €62 billion in bonds held by Greek banks, was structured in order to avoid an actual Greek default. S&P argued that despite the fact that investors may voluntarily tender their bonds, the distressed nature of the sale, coupled with the fact that investors will ultimately receive less value than they were originally promised, made this a default.


s/investors/speculators/g
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energyman76b
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PostPosted: Fri Dec 07, 2012 4:01 pm    Post subject: Reply with quote

John-Boy wrote:
energyman76b wrote:
unrelated (maybe) I am all in favour of Greece defaulting on most of its debt.


Instead it's on an EU funded blood transfusion, with a question as to how much
punishment the host can actually take. A better solution would have been the surgery
to fix the malady, most likely involving amputation, which some called for - and
were ignored.


but but... all those poor banks and hedgefonds... I mean poor old grannies who would have lost their life savings....
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AidanJT wrote:

Libertardian denial of reality is wholly unimpressive and unconvincing, and simply serves to demonstrate what a bunch of delusional fools they all are.

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PostPosted: Sat Dec 08, 2012 11:36 am    Post subject: Reply with quote

Germany embraces free market principles more than the rest of the EU, and has a history of doing so. There is little mystery as to why they are the economic powerhouse of Europe.
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energyman76b
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PostPosted: Sat Dec 08, 2012 11:45 am    Post subject: Reply with quote

Muso wrote:
Germany embraces free market principles more than the rest of the EU, and has a history of doing so. There is little mystery as to why they are the economic powerhouse of Europe.


you forgot strong unions
apprenticeship
'high taxes'
'high costs OMG'
and this:
http://en.wikipedia.org/wiki/Mitbestimmung
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AidanJT wrote:

Libertardian denial of reality is wholly unimpressive and unconvincing, and simply serves to demonstrate what a bunch of delusional fools they all are.

Satan's got perfectly toned abs and rocks a c-cup.
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