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UK + Eurozone Crisis

Discussion in 'World Economy' started by santosh, Mar 30, 2014.

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  1. santosh

    santosh Major SENIOR MEMBER

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    @Picdelamirand-oil
    @Averageamerican

    PD-AA, interestingly, only Germany's Youth Unemployment rate seen falling since 'Lehman Brothers' collapse/2008-09 recession. and its the country with the lowest unemployment rate too, going further...

    the story of impossible Germany among all the EU members.... i mean, the country with the lowest Unemployment Rate, saw further decline in Unemployment Rate since 2008-09. the 'only' among all the curves as below :rofl:
     
    Last edited: Apr 7, 2015
  2. santosh

    santosh Major SENIOR MEMBER

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    true, and thats what i mentioned in my post#149 too, "parking cost, as you first drive to a shopping complex and then buy food whose prices isn't much different than India, for example. and similarly, even if you watch a movie, you pay dollar as compare to rupees in India."

    food prices are hardly around 50% different, i see. but whenever we drive, or catch a transport, as we live in a suburb, the cost everywhere.... you simply can't live a life when you dont buy coffee as you will back home after 3-4 hours....

    for example of mine, i used to cook food only on sunday night, with keeping enough in fridge for a week too. rest, only take away food, which does cost at least $12 to $14 from a chinese shop, with pay for water too. even on office time, i used to have 'sea food salad' half of the time of a year....

    check post#149, you will find prices starts from train ticket, to ticket of movie, with hefty difference in mobile charges, renting too expansive, once your car give trouble, its very expansive in Australia as compare to India, for example....

    i would put 'exchange rate' Per Capita Income of India,which is at $2,000, to around $15,000 on purchasing power 'on ground' by using a factor of '7.5', as compare to $50,000 and $38,000 per capita income in case of US and UK respectively....
     
    Last edited: Apr 8, 2015
  3. santosh

    santosh Major SENIOR MEMBER

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    @Picdelamirand-oil
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    hmmm, JOuni, its not just the "Youth Unemployment" have a look on the curve of overall Unemployment Rate of Eurozone too, the only German Unemployment rate is below to its pre-crisis level, with seen further decline as compare to 2008-09. as below...

    and again the story of this Impossible Germany, they already maintain the lowest unemployment rate among all the EU's members, which further declined as compare to its pre-crisis level check this curve as below too
     
  4. santosh

    santosh Major SENIOR MEMBER

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    @Picdelamirand-oil

    we hope to see few positive growth in Eurozone soon

    hmmm, i find, the idea of Euro currency as whole wasn't very competent. currency of a country has influence of many steps a certain government adopt, so its keep varying as per its changes in domestic market, as per domestic needs for every certain country....

    we find Eurozone on 2 ways, one on the side of Germany, Netherland type countries which only grow, have very low unemployment rate too. while on the other side, most of the eurozone economies only have negative growth. check this graph for Italy, for example, as below :facepalm:
    Italy GDP Annual Growth Rate | 1961-2015 | Data | Chart | Calendar

    and its not just Italy only, i would wish a comment from Jouni on the graph as below too.as it does look a better picture than many other EU's economies :tup: [MENTION=14942]jouni[/MENTION]
    Finland GDP Annual Growth Rate | 1976-2015 | Data | Chart | Calendar

    even if UK isn't part of Eurozone, its per capita income adjusting inflation is still around 2% lower than its early 2008 level, along with more than twice public debt since then too....

    but Eurozone has a good news of much depreciated Euro at present, which would obviously give a "cost based competitive advantage" to their home industries against the imported products. it would certainly help them have more competitive products in world market too this way, because of lower price of their products due to depreciated Euro at present, so its looks good at present :tup:

    Euro has fallen from 1.38 per US$ to around 1.08 per US$ at present, and it would only help us have more chance to see few positive growth in Eurozone economies :tup:

    and i love the timing, so low inflation in Eurozone as whole, nearly 0% due to lower energy prices nowdays, a very right time to depreciate currency as currency depreciation first result in high inflation... lower oil/gas/resource prices do have given us an advantage to an extent. we just enjoyed wholesales inflation of India closed to zero recently too :cheers:
    inflation of developing countries like India generally hover at around 6 to 7%, and this type of news does have many positive impacts to reduce deficits by a big margin...
    Indian economy stares at deflation as inflation hits zero in November - Livemint

    and if the energy prices remain lower for this year, then Euro will have got a 'base effect' at the end of this year. which will again help them have lower inflation due to base effect. i love the time of Euro's depreciation.... with hoping some dramatic result on the side of export from Germany, France etc, as now their products will be more dominating in world :tup:

    on my side,i would wish 1.0 US$ = 1.0 Euro on long run, the best for their industries, a type of 'guard' they will have got by end of this year due to depreciated currency this way :cheers:
    .
     
    Last edited: Apr 30, 2015
  5. santosh

    santosh Major SENIOR MEMBER

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    double post
     
  6. santosh

    santosh Major SENIOR MEMBER

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    Indian Economy on PPP would come closed to $11.0trillion, if we include 'undocumented' part of GDP too

    we find on PPP, Indian economy closed to $8.0trillion by end 2015, more than total of UK+Canada+Australia+Pakistan+Bangladesh+NewZealand+other Commonwealth countries...

    on PPP basis, we find Indian economy closed to $8.0trillion by end 2015...

    https://www.cia.gov/library/publications/the-world-factbook/rankorder/2001rank.html#in


    but it still doesn't includes the 'undocumented' part of GDP, the share of GDP of developing countries, which doesn't come in light, remains undocumented. which estimated over 30% in case of developing countries like India, Philippines, Vietnam, Thailand, China, Sri Lanka etc.

    and its not just the "non-Taxed" or "black money", but, more than half of the people of India aren't even aware that they would pay tax on the salary they earn....

    https://www.cia.gov/library/publications/the-world-factbook/rankorder/2001rank.html#in


    hence, i would say, by end of 2015, Indian economy would come closed to $11.0trillion on PPP term, if we consider the undocumented part of Gross Domestic Product (GDP) also.


    nowdays UK and their allies are hopeful to maintain food supply for their coming generation through India only, have bet theri every credibility to get this "Elephant", whose economy size is bigger than the total Commonwealth Economies as whole. with dreams of source of money and power from this country,only, by using Bangladeshi souls to occupy bodies of Indian govt-military-political people, including businessmen too...

    (the technologies of NASA-US, which were developed by the Indian immigrant professionals there itself, with immigrant professionals of other developing countries and Japan etc..... and this is the final outcome of these US's technologies, which is being used for every form of crimes in the countries like India... a disaster on this world as whole by UK and their allies...)
     
    Last edited: Jun 25, 2015
  7. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    Immigrant professionals are the technical equivalent of high tech dish washers and ditch diggers. Useful to get the job done and then disposable. A countries gross GDP is not a measure of the power of a country or its people standard of living A billion people and a billion GDP is still just one dollar per person. What is important is the discretionary spending power of a country for defense, research and inferstructure.

    The real disaster that India and China are facing is with the advent of 3 D printing and its development low skill manufacturing jobs will cease to exist in 30 to 50 years leavings hundreds of millions unemployed.
     
  8. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    Are Indian H-1B workers a threat to American techies?
    With the recent alleged cases against TCS and Infosys hogging the news, it's time to ask this question. The answer may surprise you.
    [​IMG]
    By Rajiv Rao for New Tech for Old India | June 26, 2015 -- 07:24 GMT (00:24 PDT) | Topic: Tech Industry
     
  9. santosh

    santosh Major SENIOR MEMBER

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    Why US's-UK's-Aus Young generation keep guns, but no education?

    look, even if you have a degree, you can't do job of an Indian professional, hired by the firm after 6-7 round of interviews and having 10years+ experience..... you first need to be competent enough to be hired by a top US's firm, and then a proper training for these deserving people and then they will start working after 8-10 years. and its not the 'disposable' 'assets' of US. they are again the source of training for the new people who will get employment under them when they get senior on these positions.....

    being competent enough to develop the technologies, or just have a degree like today's US's-UK's generations, are 2 very different things. the techs, US's-UK's are using, ..

    US has $100trillion+ infrastructure of Industries, they made in 100s of years, which their new generation is likely to lose in the same way the curve as below. the curve which was maintained well below 100 per 100,000 US's population upto 1974-75. and even if social security-free medical is introduced since then, they are losing edge of education, with the same rate as the curve as below. :facepalm:

    today's generation of US-UK-Aus aren't even credible enough to be invited in any knowledge based talk, like the post you made. only fight for religion-race is the only option left for their new generation.....
    United States incarceration rate - Wikipedia, the free encyclopedia

    again, about the per capita income of India, many things are discussed in the post#254, 257, 258, and #123 as below, including the number of Industrialists-billionaires of India. but you would first check the ranking of Mumbai-Delhi, how much it is affordable for the today's OECD's economy to buy a property and live in India????? property price of Mumbai-Delhi is more expansive than over 80%+ OECD economies. you can't afford to live in these cities, with the level of your posts you make here :wave:

    BRICS, E7 Economies, and IBSA | Page 17 | Indian Defence Forum

    => => infrastructure spending of India is over $1.0trillion for the current 5 years plan, which is a very big amount while considering low labor-material costs of India, which only has a rising trend. we expect this spending to rise above $2.0trillion for the 5 years plan of 2017-22. a comparison of Infrastructure assets of India at present is discussed in the post#279 as below, listing India at 35th rank by an analysis as below, even if it falls among the lower middle income group as whole, as below. and considering rising trend in the infrastructure spending in India, we find their overall rank in world improving in future, if it could resist the "black shadows" of UK-Aus, who are using Bangladeshi souls to occupy Indian Hindu bodies, to destroy India at present, with bringing Pakistanis also for the same purpose :india:.
    no reason, why US-UK would destroy this part of world, if they aren't doing good within. we always have enough reasons to ask for the right use of those technologies of US, which were developed in their labs by the immigrant professionals of India and other developing countries itself :usa:

    BRICS, E7 Economies, and IBSA | Page 19 | Indian Defence Forum
    .

    .

    =>
    with the level of above posts of the people sitting in US-Uk-Aus, like the one you have, the today's state of US's-UK's generation is once discussed in the posts as below too, why do they want guns to fight with the growing societies of world, like in India at present, as below :facepalm:

    why US's young generation think to have guns, but no education: :toilet:
    :tsk:
    shameful.....
    A Study of the High Crime Rate of US/West | Page 6 | Indian Defence Forum
     
    Last edited: Jun 27, 2015
  10. santosh

    santosh Major SENIOR MEMBER

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    i know this post may be flammable, but just to keep a record of it. nowdays i usually say, "history will speak, when fall of US-UK started, first they killed those who used to feed Americans by developing technologies, the most competent-educated professionals, hired from rest of the world." write down somewhere :tup:
    (in fact, US-UK-Aus are the countries of immigrants, the best people of rest of world who got a place there in tough competitive environment ....)
     
  11. santosh

    santosh Major SENIOR MEMBER

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    .
    Indian Economy on PPP would come closed to $11.0trillion, if we include 'undocumented' part of GDP too

    we find on PPP, Indian economy closed to $8.0trillion by end 2015, more than total of UK+Canada+Australia+Pakistan+Bangladesh+NewZealand+other Commonwealth countries...

    on PPP basis, we find Indian economy closed to $8.0trillion by end 2015...

    The World Factbook

    but it still doesn't includes the 'undocumented' part of GDP, the share of GDP of developing countries, which doesn't come in light, remains undocumented. which estimated over 30% in case of developing countries like India, Philippines, Vietnam, Thailand, China, Sri Lanka etc.

    and its not just the "non-Taxed" or "black money", but, more than half of the people of India aren't even aware that they would pay tax on the salary they earn....

    The World Factbook

    hence, i would say, by end of 2015, Indian economy would come closed to $11.0trillion on PPP term, if we consider the undocumented part of Gross Domestic Product (GDP) also.

    nowdays UK and their allies are hopeful to maintain food supply for their coming generation through India only, have bet theri every credibility to get this "Elephant", whose economy size is bigger than the total Commonwealth Economies as whole. with dreams of source of money and power from this country,only, by using Bangladeshi souls to occupy bodies of Indian govt-military-political people, including businessmen too...
    (the technologies of NASA-US, which were developed by the Indian immigrant professionals there itself, with immigrant professionals of other developing countries and Japan etc..... and this is the final outcome of these US's technologies, which is being used for every form of crimes in the countries like India... a disaster on this world as whole by UK and their allies...)
     
  12. santosh

    santosh Major SENIOR MEMBER

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    @Averageamerican

    further to the above post, the current state of UK's economy, the leader of Commonwealth is as below:

    1st, GDP per Capita is still around 2% lower than its pre crisis level of early 2008. (even if GDP size is bit above to early 2008, the population increase has kept its per capita level still below to its early 2008 level.)

    2nd; Public Debt to GDP has risen from 38% in early 2008 to above 80% to date, more than double while GDP per capita level is still below its early 2008 level....

    3rd; with other indicators of UK's economy as below:

    Britain's debt mountain reaches £1.39TRILLION, equivalent to 90% of the entire economy, ONS reveals | Daily Mail Online

    Soaring UK personal debt wreaking havoc with mental health, report warns | Money | The Guardian

    => Almost 90% would 'consider moving abroad' for better financial prospects - Telegraph :tsk:



     
  13. santosh

    santosh Major SENIOR MEMBER

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    @Picdelamirand-oil

    further to the above post, discussing Per Capita Income of UK adjusting inflation still around 2% lower than its early 2008 level, pre-crisis level, along with more than twice debt since then. we have a picture of growth of the countries like India, Vietnam, Philippines, CHina type economies as below, how their economic size change every year. we find growth rate of India down to 5% by 2013, which then rose to 6.5%+ by the financial year 2014-15...

     
  14. santosh

    santosh Major SENIOR MEMBER

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    further to the above post, following the 2008 recession, the current state of struggle of Single Mothers of UK-US is once explained as below: whose single mother kids nowdays fight in India type progressive society, simply because their 10th-12th fathers, boyfriends of mother, dont care of these shiits of US-UK-Aus, who are now left free of any control to fight in India nowdays :facepalm:

    =>

    Prostitution and Poverty in the UK


    In Britain, the recession has left many people struggling to make ends meet,:coffee: but reports have shown that young people – young single mothers in particular, are feeling the worst of austerity, and many are turning to prostitution in pursuit of financial security.

    Things are likely to get worse. In 2013-2014, a lone parent would receive on average £46.80 a year less in benefits due to governmental changes, while a couple with children would miss out on £52 a year. In 2014-2015, the projected figures are £260 less for single parents and £156 less for couples with children. In short, single parents – often the most financially vulnerable – are facing the harshest cuts in benefits.

    This has led to an increase in prostitution, which has affected the industry’s economy; many sex workers are reducing their charges (sometimes as much as 50 per cent) in order to beat competition from other sex workers. This contributes to a viscous circle; more single parents – usually women, enter prostitution out of financial desperation.:facepalm: Due to the increase in sex workers, they need to engage in the industry more to acquire the money they need. This in turn leads to a further increase in active sex workers and a further devaluation of prostitution ad infinitum. :tsk:

    One thing is clear – tough policing and stricter legislation is not the solution. Ukraine’s capital – Kyiv has struggled with high prostitution levels since it gained independence in 1991, after the collapse of the Soviet Union. In 2005, it introduced more rigorous legislation to try to combat the problem, to little effect. The country co-hosted the Euro 2012 football tournament with Poland and prepared itself for the explosion in sex tourism. Kyiv alone has an estimated 50,000 sex workers, twice that of the whole of Holland, despite prostitution being illegal in Ukraine and legal in Holland. And some suspect that this figure is even higher, with many young Ukrainian sex workers not wanting to come forward due to fear of shaming and imprisonment.

    The only way to tackle the exploitation of young women is to tackle its root cause – poverty. To do otherwise would be like treating a disease with tissues instead of medicine. This can be achieved without reversing the entire austerity program (which no UK government is realistically likely to do).

    Firstly, the government could take up Ed Miliband’s living wage proposals. The introduction of this policy – providing tax incentives to companies who pay a living wage instead of a minimum wage to their employees (£7.45 per hour outside London and £8.55 in London, compared to the £6.19 minimum wage) would save the taxpayer £2.2bn,according to the think tank Resolution Foundation. It would also help to minimise in-work poverty, which would help single parents make ends meet without turning to prostitution.

    Another step would be to reintroduce the Education Maintenance Allowance (EMA), as many of the hardest hit are young people – this includes students. The Women’s National Commission (a UK women’s issues pressure group) claim the shocking statistic that “50-75% of women in prostitution entered before they were 18” and that many of these had been absent from education throughout this time. Reconsidering the £9,000 tuition fee would also help to reduce the number of students turning to the sex industry out of fear of mountainous debts.


    http://www.leftfootforward.org/2013/08/prostitution-and-poverty-in-the-uk/
     
  15. santosh

    santosh Major SENIOR MEMBER

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    hmmm, simply because "unskilled jobs are less paid", and skilled jobs are mainly occupied by immigrants professionals :...

    and now the new generation of these unskilled people exercising in India at present..
     
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