Post: #101

(01-28-2013 05:33 PM)GameTheory Wrote:  Greek Kamaki~~~ what's your opinion of the following regions of Greece???
Anatoliki Makedonia, Attiki,, Dytiki Ellada, Dytiki Makedonia,, Ionia Nisia, Ipeiros, Kentriki Makedonia,, Kriti, Notio Aigaio, Peloponnisos, Sterea Ellada , Thessalia, Thraki, Voreio Aigaio.

are they good for visiting and/or moving to ???

Not good except maybe Crete due to mass arrivals of Russian and Ukrainian tourists in summer and Eastern Macedonia due to proximity to Bulgaria.In any case Greece is not a good place to stay for a foreigner hunter.If I had to choose one city it would be Thessaloniki where you have the proximity of Bulgaria for the winter and Paralia Katerini and Chalkidiki for the summer.Also a considerable student population(about 100000) prone to partying.

Post: #102

(01-10-2013 06:25 PM)Aliblahba Wrote:  

(12-05-2012 09:12 PM)GameTheory Wrote:  

(11-27-2012 11:41 AM)Sourcecode Wrote:  Does this mean...If I take my money to Greece. I can flash some cash and Greek women will flock to me, hoping for a better life/economic situation?

A Poosy Paradise?

that's what i was thinking as well

Me too. It'll become the DR of Europe. Tons of girls standing around bored and broke. Couple of beers and some particle meat and your in like flynn. Just went though the couch cushions and came up with 42 cents. That should be enough to stay for 6 months and crush all the local hairy girl talent.

i think you are damn right!besides greek girls are real hotties.wonderful bodies plus they are broke.the pic below taken by a greek edition of a famous mag,it talks of an emergency exit of hotties.....this back in 2010
when crisis was not as severe as now.seems that in near future hotties from greece,italy,spain and even france will fill the needs of redlight districts of europe.

Post: #103

Amazing greek girl advertise a brothel-hotel in youtube!!!



another greek girl advertise herself!!!

Post: #104

seems that the Upside of the European Economic Meltdown,is not totally a fruitless story after all!!

Post: #105

will euro last...and if not,would be the very start of the deepest economic crisis that world has ever seen?

Post: #106

(02-01-2013 02:21 PM)alfamale Wrote:  

(01-10-2013 06:25 PM)Aliblahba Wrote:  

(12-05-2012 09:12 PM)GameTheory Wrote:  

(11-27-2012 11:41 AM)Sourcecode Wrote:  Does this mean...If I take my money to Greece. I can flash some cash and Greek women will flock to me, hoping for a better life/economic situation?

A Poosy Paradise?

that's what i was thinking as well

Me too. It'll become the DR of Europe. Tons of girls standing around bored and broke. Couple of beers and some particle meat and your in like flynn. Just went though the couch cushions and came up with 42 cents. That should be enough to stay for 6 months and crush all the local hairy girl talent.

i think you are damn right!besides greek girls are real hotties.wonderful bodies plus they are broke.the pic below taken by a greek edition of a famous mag,it talks of an emergency exit of hotties.....this back in 2010
when crisis was not as severe as now.seems that in near future hotties from greece,italy,spain and even france will fill the needs of redlight districts of europe.

“For young females, the unemployment rate is 65.0%”
http://www.mindfulmoney.co.uk/wp/shaun-r...e-is-65-0/

Post: #107

Slovenia: heading for bailout too ???
http://www.independent.ie/business/world...38471.html

will this be a p00n paradise soon ???

Post: #108

Euro slumps on dollar in wake of rate cut

http://www.independent.ie/business/world...39247.html

"If negative deposit rates were adopted, eurozone banks would have to pay to deposit money at the central bank, giving them an incentive to lend money rather than hoard it."

I am not the smartest guy, but this quote seems to indicate some pretty bad stuff is still to come. If a bank has to pay to deposit money, Europe must really be on a downhill trajectory. I mean I get that obviously with news from Cypress, etc yada yada bailouts, etc. But this point about paying to deposit, I have never heard of that before.

Can any of the smarter folks chime in and give an opinion of what the future holds? Do you ever see Dollar Euro Parity (1 for 1)?

Thanks.

Post: #109

(05-03-2013 05:20 PM)samsamsam Wrote:  Euro slumps on dollar in wake of rate cut

http://www.independent.ie/business/world...39247.html

"If negative deposit rates were adopted, eurozone banks would have to pay to deposit money at the central bank, giving them an incentive to lend money rather than hoard it."

I am not the smartest guy, but this quote seems to indicate some pretty bad stuff is still to come. If a bank has to pay to deposit money, Europe must really be on a downhill trajectory. I mean I get that obviously with news from Cypress, etc yada yada bailouts, etc. But this point about paying to deposit, I have never heard of that before.

Can any of the smarter folks chime in and give an opinion of what the future holds? Do you ever see Dollar Euro Parity (1 for 1)?

Thanks.

Everything "Euro" awaits the outcome of the next German federal election in late September.
http://en.wikipedia.org/wiki/German_fede...tion,_2013
If Merkel's party is spanked, then a hardline on ECB lending and bailouts of ECB member governments may happen. And then places like Slovenia and their need for bank bailouts will be hit and left begging. (Like Cyprus, a painful "haircut" may happen.)

Merkel has already made such noises to Hollande. But it could be merely election season posturing.

The whole Euro-zone problem necessitates a South/North divide monetary division (eg, a North Euro and South Euro). Then labor there could rise in utilization (the unemployment rate falls) and productivity (real GDP) could grow once more - but it would take six to twelve months of pain for that to happen after the breakup of the Euro.

It is the Northern (including French) bank's exposure to loans made in the South that keep this game going. If it happens, even these banks in the North will fail.

The EU and ECB integration keeps the game going, playing "duck" the crisis...after crisis.... Where it stops, only the interplay of political possibility and financial dire crisis knows. Meanwhile, economic conditions in the Eurozone look pretty flat, overall. SEE
http://www.independent.ie/business/world...24204.html

AND
http://www.independent.ie/business/world...17347.html

PS-
QUOTE from the LINK at the top

Quote:"[ECB bank chairman]Mr Draghi said the central bank is technically ready for negative deposit rates.
_ _ _
If negative deposit rates were adopted, eurozone banks would have to pay to deposit money at the central bank, giving them an incentive to lend money rather than hoard it.

The idea seems to be that if the European Central Bank adopts negative rates for bank's deposits there, which is considered the safer place for money, then these banks will assume more market risks in order to earn a positive return on their deposits, thereby lending more to businesses and consumers instead of parking (or "hoarding") it at the Central Bank. (In other words, banks will be penalized for seeking the safety of leaving money at the ECB.

This posture - if it happens - will be a more limited response to what the US Fed and Japan's Central Bank have done already: depreciating their currencies through "Quantitative Easing" measures that have the direct effect of lowering interest rates, making their respective currencies less expensive by comparison. The hope with "QE" measures is to thereby encourage more exporting of goods in the depreciated currencies.

The hope here is that if exports are stimulated, then these competing economies can grow again.

In the finance circles I travel in, these are thought to be deceptive and deluded measures because they always rely on the "greater fool" theory to work: the first depreciated monies is more effective than the later depreciated currency - then it stops working as the expectations of the market adjust. Once adjusted, the stimulus fails to "work." Japan seems to be proving that it doesn't work, indeed, right now.

This may sound convoluted (it is), but I hope it is nearer to becoming clear for you.

Post: #110

The world economic situation is now set up for STAGFLATION. The exceptions are in so-called emerging economies where growth will be threatened this year, but may rebound next.

STAGFLATION, for those who don't remember the Jimmy Carter years, is an economic situation where there is inflation (with more money chasing fewer goods), combined with little or no real economic growth. in other words, STAGnant economic growth with inFLATION.

Official US GDP since the Great Recession has been about 2.1% per year, with inflation a bit less. That's pretty stagnant. In Europe, these numbers - except for certain Northern European countries - have been worse, much much worse. About 0.5% of US growth has been credited to the fracking oil and gas bonanza. (This productivity benefit is expected to fade later this decade.) So the underlying growth is closer to 1.5% - too close to the rate of inflation to matter.

(Mind you, "volatile" parts of inflation like gas, housing, food - things the poor need to live - are left out of the official rates of inflation. Thus, the real inflation working people experience has been significantly higher than reported inflation. In the US, I mean.)

For those who remember the early Reagan years, the solution is very painful: higher interest rates are needed until excesses are worked off. Then structurally sounder economic growth can begin again.

But no one in the world stage wants this to happen yet. Therefore I expect an increasingly volatile muddling through for the rest of this year.

SEE charts HERE
http://www.zerohedge.com/news/2013-06-06...ocks-slump

Politicians will neither "get religion" nor become courageous - except in so far as violent events, such as the recent riots in Turkey, might necessitate. And probably not even then - especially in the democratically governed nations.

Back to the topic of this thread, what is "The Upside of the European Economic Meltdown?" Cheaper pro and amateur sex prices in Greece, Spain and Portugal, at least. More muddling though for the people in EE like Hungary and Ukraine. And - yea or neh - more rich and happy Northern Euros to rock out the summer at beach parties!

Post: #111

Orson, seems like you have a handle on world economics. What are the smart plays if what you are saying is true. Seems like savers finally will be rewarded with better yields on their cash. Stock market crashing? I can never understand housing, goes up because of inflation or goes down because higher rates mean people can borrow less on the same income (unless of course income moves up but we have not been seeing giant growth in wages). Buy gold? Just curious. Thanks.

Post: #112

(06-06-2013 02:49 PM)Orson Wrote:  [...] Back to the topic of this thread, what is "The Upside of the European Economic Meltdown?" Cheaper pro and amateur sex prices in Greece, Spain and Portugal, at least. More muddling though for the people in EE like Hungary and Ukraine.[...]

+1 for insightful MacroEcon posts.
what about the other so-called PIIIGS ??? Ireland, Iceland, Italy, etc ? which single one of these countries (PIIIGS, EE, or CentEuro)would you place your bets ON for being the next p00n paradise, i.e. countries chock full of bored and broke young, wet, bitches ??? THANX !!!

Post: #113

(06-08-2013 01:43 PM)GameTheory Wrote:  

(06-06-2013 02:49 PM)Orson Wrote:  [...] Back to the topic of this thread, what is "The Upside of the European Economic Meltdown?" Cheaper pro and amateur sex prices in Greece, Spain and Portugal, at least. More muddling though for the people in EE like Hungary and Ukraine.[...]

+1 for insightful MacroEcon posts.
what about the other so-called PIIIGS ??? Ireland, Iceland, Italy, etc ? which single one of these countries (PIIIGS, EE, or CentEuro)would you place your bets ON for being the next p00n paradise, i.e. countries chock full of bored and broke young, wet, bitches ??? THANX !!!

Spain would fit your theory perfectly regarding unemployment but its a Catholic country with quite an insular mentality (and Italy is very similar)
Anyway I hope you are having an AWESOME weekend

Post: #114

Grecce: 10 BILLION euro gap

http://www.globalpost.com/dispatch/news/...IMF-aid-EU