http://www.jeffrubinssmallerworld.com/2010/03/03/we%e2%80%99re-all-pigs-now/ Fri, 03 Feb 2012 14:32:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.jeffrubinssmallerworld.com/2010/03/03/we%e2%80%99re-all-pigs-now/comment-page-1/#comment-299 It ain’t about Greece | Jeff Rubin Wed, 12 May 2010 09:02:08 +0000 http://www.jeffrubinssmallerworld.com/?p=313#comment-299 [...] a lot of Greece’s problems in other countries. And they’re not all in Euroland. As I’ve said before in this blog, we’re all PIGS (Portugal, Italy, Greece and Spain) now—at least all the oil-guzzling economies [...] [...] a lot of Greece’s problems in other countries. And they’re not all in Euroland. As I’ve said before in this blog, we’re all PIGS (Portugal, Italy, Greece and Spain) now—at least all the oil-guzzling economies [...]

]]> http://www.jeffrubinssmallerworld.com/2010/03/03/we%e2%80%99re-all-pigs-now/comment-page-1/#comment-389 Glen72 Sat, 13 Mar 2010 05:10:32 +0000 http://www.jeffrubinssmallerworld.com/?p=313#comment-389 Ross, I think Jeff meant borrowing for productive purposes will have to get much more expensive in the future. <br>Here in Australia, the general public still believes that house prices can only go up or stagnate for a while but can't drop. As far as interest rates go, even though the reserve bank of Australia has lifted its interest rates more than other OECD countries and was lucky to deflate some debt before the "GFC", the appearance that they know what they are doing is leading to blind faith that interest rates will stay under control (ie <9%) for ever. Ross, I think Jeff meant borrowing for productive purposes will have to get much more expensive in the future.
Here in Australia, the general public still believes that house prices can only go up or stagnate for a while but can't drop. As far as interest rates go, even though the reserve bank of Australia has lifted its interest rates more than other OECD countries and was lucky to deflate some debt before the “GFC”, the appearance that they know what they are doing is leading to blind faith that interest rates will stay under control (ie <9%) for ever.

]]> http://www.jeffrubinssmallerworld.com/2010/03/03/we%e2%80%99re-all-pigs-now/comment-page-1/#comment-175 Glen72 Sat, 13 Mar 2010 03:10:32 +0000 http://www.jeffrubinssmallerworld.com/?p=313#comment-175 Ross, I think Jeff meant borrowing for productive purposes will have to get much more expensive in the future. <br>Here in Australia, the general public still believes that house prices can only go up or stagnate for a while but can't drop. As far as interest rates go, even though the reserve bank of Australia has lifted its interest rates more than other OECD countries and was lucky to deflate some debt before the "GFC", the appearance that they know what they are doing is leading to blind faith that interest rates will stay under control (ie <9%) for ever. Ross, I think Jeff meant borrowing for productive purposes will have to get much more expensive in the future.
Here in Australia, the general public still believes that house prices can only go up or stagnate for a while but can't drop. As far as interest rates go, even though the reserve bank of Australia has lifted its interest rates more than other OECD countries and was lucky to deflate some debt before the “GFC”, the appearance that they know what they are doing is leading to blind faith that interest rates will stay under control (ie <9%) for ever.

]]> http://www.jeffrubinssmallerworld.com/2010/03/03/we%e2%80%99re-all-pigs-now/comment-page-1/#comment-174 Bruce Fri, 12 Mar 2010 10:16:55 +0000 http://www.jeffrubinssmallerworld.com/?p=313#comment-174 Jeff, are you a voice in the wilderness? Do you have any support anywhere in any government? One thing that might add to your blog is notable support for your conclusions. Personally, I think you're on track. And, I dont think our current govt in Canada really "gets it" yet and may never, thanks to the influence of the oil lobby. Perhaps what I'm looking for is a little bit of optimism somewhere...! Jeff, are you a voice in the wilderness? Do you have any support anywhere in any government? One thing that might add to your blog is notable support for your conclusions. Personally, I think you're on track. And, I dont think our current govt in Canada really “gets it” yet and may never, thanks to the influence of the oil lobby. Perhaps what I'm looking for is a little bit of optimism somewhere…!

]]> http://www.jeffrubinssmallerworld.com/2010/03/03/we%e2%80%99re-all-pigs-now/comment-page-1/#comment-171 craig. Wed, 10 Mar 2010 20:03:08 +0000 http://www.jeffrubinssmallerworld.com/?p=313#comment-171 Why don't we hear the more realistic voices like Jeff's rather than the nonsense of recovering economy's in the media? Why don't we hear the more realistic voices like Jeff's rather than the nonsense of recovering economy's in the media?

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