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I was going to call this a "Lazy Translation Diary" but translation is not lazy...

The brainless should not be in banking. — Willem Buitler
by Migeru (migeru at eurotrib dot com) on Sun May 31st, 2009 at 06:38:03 AM EST
European Tribune - The End of the Middle Class
Granted, in that period from 2002 to 2006 a lot of temporary jobs (for mileuristas) were created

yes, and lots of middle class made a mint on property development, shares profits, and 'financial services', (without asking too many questions about how those luxy profits were generated).

no party lasts for ever. how much of that growth investment was borrowed at high interest, and and at what price to the ecosystem?

it wouldn't surprise me if people did keep their heads down and not complain if 1000€ really could build a future, ie if there's a big deflation, and enough middlemen go under. i imagine that kind of money remains a dream for our fabled portugese peasant, or his old mother trying to cut it on a state pension...

~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~

by melo (melometa4(at)gmail.com) on Sun May 31st, 2009 at 09:42:41 AM EST
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