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Economic crisis: France: 1 - Rest of the world: 0
So the french win. Again. They already have lower heart failure and obesity rates, nicer beaches, nicer women with sexier accents, and nicer food and wine, and now also they are also ahead by what they do not have: an economic crisis.
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Originally Posted by Article
Unlike Britain, the US and many other countries, France appears to be weathering the credit crunch storm in reasonable shape.
Considering France is the world's 6th economy, with the 1st, 3rd, and 5th rapidly crumbling, and the second treading very carefully, France's 1% growth doesn't sound so terrible, and her secret plan for world domination might just succeed. If Russia doesn't invade someone else, that is. But it probably won't be France.
So what do our resident orgahs think of credit spending and hamburgers as opposed to debit spending with Chateau Laffite?
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Re: Economic crisis: France: 1 - Rest of the world: 0
Allons enfants de la Patrie, Le jour de gloire est arrivé !
:thumbsup:
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Re: Economic crisis: France: 1 - Rest of the world: 0
While Germany will suffering from slowing global demand it is far more competitive than other big European nations like Great Britain, Spain, France and Italy. So I add some good bavarian weisswurst to the baguette :2thumbsup:
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Re: Economic crisis: France: 1 - Rest of the world: 0
If you believe France is not in economic crisis due to this crunch then thats your right but its not correct in the slightest. French companies are among the big guns in globalisation in Europe. France does very well out of globalisation but its not a popular subject to the common man on the street too much rhetoric about job losses and mcjobs etc etc.
The French still believe they somehow either need to stay apart from the world or that they are apart for the rest of the world at least in ecomonic terms. But a quick scan shows Societe General BNP Paribas just to name two that are global in size and exposed to this problem plus as we all know one of them just barely got away with a financial fraud on a massive scale. More like a nil all draw if you ask me.
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Re: Economic crisis: France: 1 - Rest of the world: 0
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Originally Posted by
Oleander Ardens
While Germany will suffering from slowing global demand it is far more competitive than other big European nations like Great Britain, Spain, France and Italy. So I add some good bavarian weisswurst to the baguette :2thumbsup:
I would say that Germany will suffer in medium term due to drop off in demand for its cars and also a significant drop in high tech machinery sales this is obvious to us all but they are two of german strengths which will bounce back.
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Re: Economic crisis: France: 1 - Rest of the world: 0
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Originally Posted by
gaelic cowboy
If you believe France is not in economic crisis due to this crunch then thats your right but its not correct in the slightest. French companies are among the big guns in globalisation in Europe. France does very well out of globalisation but its not a popular subject to the common man on the street too much rhetoric about job losses and mcjobs etc etc. The French still believe they somehow either need to stay apart from the world or that they are apart for the rest of the world at least in ecomonic terms. But a quick scan shows Societe General BNP Paribas just to name two that are global in size and exposed to this problem plus as we all know one of them just barely got away with a financial fraud on a massive scale. More like a nil all draw if you ask me.
Well, from what I understand from the unpunctuated blob, your point is exactly what? That globalisation is good? That french denial of globalisation is bad? That french companies haven't been affected by the global crisis as much, which we already know?
The credit crunch has affected european finances less that US finances anyway, exception made of the UK, and France even less that Europe in general.
So I don't see your point at all. France's ability to not depend on globalisation is a good thing in the current crisis, as is also the fact that french banks do not lend money easily and therefore don't have liquidity and leveraging problems as do others.
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Re: Economic crisis: France: 1 - Rest of the world: 0
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Originally Posted by
SwordsMaster
Well, from what I understand from the unpunctuated blob, your point is exactly what? That globalisation is good? That french denial of globalisation is bad? That french companies haven't been affected by the global crisis as much, which we already know?
The credit crunch has affected european finances less that US finances anyway, exception made of the UK, and France even less that Europe in general.
So I don't see your point at all. France's ability to not depend on globalisation is a good thing in the current crisis, as is also the fact that french banks do not lend money easily and therefore don't have liquidity and leveraging problems as do others.
I am not an english professor never said I was you will have to excuse my writing and comprhension but I just broke it up into two sections.
Apollogies for the unreadable nature of the post I dont really post musch these days anymore and I was never very up in the rules of posting.
I never said been in or out of globalisationsaid itself was good or bad I said France is affected by this crisis like it or not pretend or not it is even if its only indirectly by lower demand for french products.
France according to my post actually does depend on globalisation a huge amount French companies are global obviously and interconnected to the world trade system a drop in demand on a global scale affects France. French banks may not have lent but conversely there is no money to borrow either which is just as bad.
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Re: Economic crisis: France: 1 - Rest of the world: 0
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Originally Posted by
gaelic cowboy
I am not an english professor never said I was you will have to excuse my writing and comprhension.
I never said it was good or bad I said France is affected by this crisis like it or not pretend or not it is even if its only indirectly by lower demand for french products.
France according to my post actually does depend on globalisation a huge amount French companies are global obviously and interconnected to the world trade system a drop in demand on a global scale affects France. French banks may not have lent but conversely there is no money to borrow either which is just as bad.
Well, of course France will be affected by the lower demand in french products. I agree. But what you have to consider is that France's exports to UK and US are only 14% of the total with almost half of the exports going to african nations, which means also that banking is a relatively minor part of France's customer base. You also must take into account that french banks operating in the US will get a piece of that bailout package Bernarke is still trying to push through, so I can see how France can escape the crisis relatively unscathed.
The problem lies not in the fact that french companies are global, but rather with whom exactly they have business. I think the french economy will suffer more from the high oil prices than it will from the mortgage and credit crunch.
But that's just my armchair economics.
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Re : Economic crisis: France: 1 - Rest of the world: 0
Tremble, ye gamblers! Ye Las Vegas style capitalists!
Powerless you now stand before the might of the French model! :knight:
The sun is setting over the anglosaxon ultra-liberal model. You've been plundered by your rich. By this locust plague. They have sucked you dry, stolen your money and are now moving to Hong Kong, Dubai, and their yachts in the ports of the Mediterranean.
That is, they'll leave if your governments can borrow enough money to buy them off...
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Re: Re : Economic crisis: France: 1 - Rest of the world: 0
Quote:
Originally Posted by
Louis VI the Fat
Tremble, ye gamblers! Ye Las Vegas style capitalists!
Powerless you now stand before the might of the French model! :knight:
The sun is setting over the anglosaxon ultra-liberal model. You've been plundered by your rich. By this locust plague. They have sucked you dry, stolen your money and are now moving to Hong Kong, Dubai, and their yachts in the ports of the Mediterranean.
That is, they'll leave if your governments can borrow enough money to buy them off...
Me so ashamed. :shame:
What Osama bin Laden would like to, but couldn't do... we've done to ourselves.
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Re: Re : Economic crisis: France: 1 - Rest of the world: 0
Quote:
Originally Posted by
Louis VI the Fat
Tremble, ye gamblers! Ye Las Vegas style capitalists!
Powerless you now stand before the might of the French model! :knight:
The sun is setting over the anglosaxon ultra-liberal model. You've been plundered by your rich. By this locust plague. They have sucked you dry, stolen your money and are now moving to Hong Kong, Dubai, and their yachts in the ports of the Mediterranean.
That is, they'll leave if your governments can borrow enough money to buy them off...
I believe Texans get free citizenship right? I mean we already have the ego part down:yes:
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Re: Economic crisis: France: 1 - Rest of the world: 0
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Originally Posted by
Kadagar_AV
Allons enfants de la Patrie, Le jour de gloire est arrivé !
:thumbsup:
Il faudra un long, long moment jusqu'à que ce jour arrive.
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Re : Economic crisis: France: 1 - Rest of the world: 0
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Originally Posted by
KukriKhan
Me so ashamed. :shame:
What Osama bin Laden would like to, but couldn't do... we've done to ourselves.
No need to be ashamed, just be sure to vote Democrat this time.
All systems have their advantages and disadvantages. The world has cried the end of American before. In the eighties, the Japanse model was going to wipe the American model off the map. Then America re-invented itself into the most dynamc economy and changed the world by an information technology revolution of unbelievable global impact.
No need to panic.
All countries have their strengths and weaknesses. France has some serious social problems, and some luggish economical ones too. What we do not have, is a Vegas economy. So this is one storm we'll weather out. We'll feel the effects only indirectly. (Like the Anglos plunging the world into a recession, or the Chinese pushing the 'off' button. Or emerging powers capitalising on the fall of the Anglo world system or :wall:)
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Re: Economic crisis: France: 1 - Rest of the world: 0
No crisis here either. We profit from when the oil goes up ~;) We also have a ton of money stored away, so we can probably buy your country in a year or so :smash:
KukriKhan: don't worry, I'll hire you as my maid.:yes:
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Originally Posted by
SwordsMaster
Laffite?
Female genitals? :inquisitive:
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Re: Economic crisis: France: 1 - Rest of the world: 0
It used to be mostly quiet in the Nether regions until recently. One large Dutch/Belgian bank (Fortis) is on the verge of collapse because they overtook another bank (ABN Amro) shortly before anyone knew something was about to go wrong, and they agreed to gradually pay an enormous sum of money.
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Re: Economic crisis: France: 1 - Rest of the world: 0
Frankly, to the man on the streets of Paris (or any French city for that matter), things aren't so bright... There exists a pervasive glumness due to the rising costs of housing, higher credit rates, and the fact that everything is more and more costly day by day...
So it is nice to see that others think we French are doing well :2thumbsup:
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Re: Economic crisis: France: 1 - Rest of the world: 0
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Originally Posted by
HoreTore
No crisis here either. We profit from when the oil goes up ~;) We also have a ton of money stored away, so we can probably buy your country in a year or so :smash:
KukriKhan: don't worry, I'll hire you as my maid.
I do have tons of experience mopping floors. But I ain't wearing the heels & apron, dude. A little dignity, please. :)
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Originally Posted by Louis
No need to be ashamed, just be sure to vote Democrat this time.
LOL. Unless something miraculous happens in the next 5 weeks to change my mind, I'll probably file yet another third-party protest (yea, I know: throwaway) vote. I haven't gotten my ballot yet to see which yay-hoo will get my nod. :laugh4:
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Re: Economic crisis: France: 1 - Rest of the world: 0
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Originally Posted by
KukriKhan
I do have tons of experience mopping floors. But I ain't wearing the heels & apron, dude. A little dignity, please. :)
SILENCE, UNDERLING!! :whip:
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Re: Economic crisis: France: 1 - Rest of the world: 0
Quote:
Originally Posted by
HoreTore
SILENCE, UNDERLING!! :whip:
https://jimcee.homestead.com/old_jan...ing_hg_clr.gif
Yassah, Massah.
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Re: Economic crisis: France: 1 - Rest of the world: 0
Quote:
Originally Posted by
HoreTore
Female genitals? :inquisitive:
Sorry. Misspelled.
I believe most economies that have sensible borrowing policies and regulations will weather the crisis with little drama.
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Re: Economic crisis: France: 1 - Rest of the world: 0
While Germany itself is not as weak as other countries, Hypo Real Estate, a company in the DAX with a solid balance sheet is in free fall. It makes profit but a small subunit in Ireland can no longer operate because the specific credit markets are frozen. It got a lifeline credit by German Banks. In one day a -60% slump. A real run on the bank.
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Re: Economic crisis: France: 1 - Rest of the world: 0
it may just take longer for things to get ugly in europe, with no way to fix it:
http://blogs.telegraph.co.uk/angela_...ke_a_tea_party
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Re: Economic crisis: France: 1 - Rest of the world: 0
Great. Looks like I'll get that world war I was wishing for. :juggle2:
I really had high hopes for the EU.
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Re: Economic crisis: France: 1 - Rest of the world: 0
Way to go now this is how you take a nosedive, bloody monday in dutchiestan and yours truly is in a particulary bad mood.
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Re: Economic crisis: France: 1 - Rest of the world: 0
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Originally Posted by
Fragony
Way to go now this is how you take a nosedive, bloody monday in dutchiestan and yours truly is in a particulary bad mood.
If you think you're in a bad mood now just think how bad you'll feel when the Germans come back to visit again, en masse. :laugh4:
Oops, fixed! Oh and don't believe Hussar when he says he's just back to "visit some old relatives." :no:
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Re: Economic crisis: France: 1 - Rest of the world: 0
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Re: Economic crisis: France: 1 - Rest of the world: 0
Pftt, it's almost funny to see those beaten people try to send us into our own misery now.
An article that tries to scare those who invest in european banks and Vladimir is trying to scare my friends, typical for a desperate American... :no:
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Re: Economic crisis: France: 1 - Rest of the world: 0
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Originally Posted by
KukriKhan
Well, it's a nice start, but.....
I was thinking more like this:
You could be a fine janitor, I suppose, but.... You don't happen to have a hot young wife, sister, daughter, relative, etc do you?
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Re: Economic crisis: France: 1 - Rest of the world: 0
While I do have the legs for the job, my hair is the wrong color. :)
Sending a descendant to do the job is exactly what we over here are trying to prevent (pawning off our indebtedness on our kids, grandkids, and such, to pay).
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Re: Economic crisis: France: 1 - Rest of the world: 0
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Originally Posted by
Vladimir
If you think you're in a bad mood now just think how bad you'll feel when the Germans come back to visit again, en masse. :laugh4:
Oops, fixed! Oh and don't believe Hussar when he says he's just back to "visit some old relatives." :no:
Always be ready for the bug, these frenchies desiring grandeur or germans wanting to add a few gears to the machine :beam:
