Europe.Is.Doomed (6) - 'impressive' German economy needs (what else) "reform" | 26 comments (26 topical, editorial, 0 hidden)

Re: The "nasty decade" (4.00 / 4)

Anglo Disease in the UK is all about those "expensively priced Financial Services."

In the next decade, growth will have to be earned through higher productivity, and inflation will be harder to control.

A tacit admission that the Financial Services haven't actually increased their productivity, indeed the boom in Financial Services didn't involve any increase in productivity.

by Metatone (metatone [a|t] gmail (dot) com) on Sun May 18th, 2008 at 06:33:49 PM EST
[ Parent ]

Re: The "nasty decade" (none / 0)

A tacit admission that the Financial Services haven't actually increased their productivity, indeed the boom in Financial Services didn't involve any increase in productivity.

pull the other one!

next you'll be telling me they actually do produce something.

apart for jobs for dog-walkers, lol

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Sun May 18th, 2008 at 07:30:42 PM EST
[ Parent ]

In other words (4.00 / 2)

financial services (let's be kind: beyond a certain threshhold) do wealth capture, not wealth creation.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon May 19th, 2008 at 03:46:33 AM EST
[ Parent ]

Europe.Is.Doomed (6) - 'impressive' German economy needs (what else) "reform" | 26 comments (26 topical, 0 editorial, 0 hidden)

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