What is it with the $ tanking against the ? these days?

[Rebel44]

Originally posted by: soccerballtux

Originally posted by: freegeeks

Originally posted by: soccerballtux
Those guys don't have much of an economy, a lot of European states run banks; finance; produce little else. They're dependent on the American economy doing well.

LOL, Germany (80 million people) is the biggest exporting country in the world

No duh sherlock, I'm talking about the other ones. Czech Republic, Italy, Poland etc.

You are full of shit. I live in Czech republic and I know lot about economics in this region.

Our manufacturers are still making profit while USA is bailing out Chrysler and GM. USA has 30 times more people and produce "only" 9 times more cars, 13x more steel etc. US export is also only 9 times larger than Czech export.

Czech debt to GDP ratio is 26%
USA debt to GDP ratio is 80%
Source:
http://en.wikipedia.org/wiki/L...tries_by_GDP_(nominal)
http://en.wikipedia.org/wiki/United_States_public_debt
http://en.wikipedia.org/wiki/E..._of_the_Czech_Republic

Government own only very few companies
-Ruzyne Airport (which will be sold next year)
-CEZ (government has ~65% of company) which we are not planning to sell any time soon (because its making several billions USD of profit every year).

Most countries in this region are in much better economic shape than USA.

 

[LegendKiller]

Originally posted by: Rebel44

Originally posted by: soccerballtux

Originally posted by: freegeeks

Originally posted by: soccerballtux
Those guys don't have much of an economy, a lot of European states run banks; finance; produce little else. They're dependent on the American economy doing well.

LOL, Germany (80 million people) is the biggest exporting country in the world

No duh sherlock, I'm talking about the other ones. Czech Republic, Italy, Poland etc.

You are full of shit. I live in Czech republic and I know lot about economics in this region.

Our manufacturers are still making profit while USA is bailing out Chrysler and GM. USA has 30 times more people and produce "only" 9 times more cars, 13x more steel etc. US export is also only 9 times larger than Czech export.

Czech debt to GDP ratio is 26%
USA debt to GDP ratio is 80%
Source:
http://en.wikipedia.org/wiki/L...tries_by_GDP_(nominal)
http://en.wikipedia.org/wiki/United_States_public_debt
http://en.wikipedia.org/wiki/E..._of_the_Czech_Republic

Government own only very few companies
-Ruzyne Airport (which will be sold next year)
-CEZ (government has ~65% of company) which we are not planning to sell any time soon (because its making several billions USD of profit every year).

Most countries in this region are in much better economic shape than USA.

LOL, you're so full of shit.


http://czecheconomy.blogspot.c...e-eastern-europes.html

http://www.ft.com/cms/s/0/a408...bec8-0000779fd2ac.html

http://silverscorpio.com/czech...-amid-economic-crisis/

Hungary, Poland, and most former soviet republics are in massive trouble. Many are only being propped up by the IMF and WB or other foreign central banks so that their bets pay off in 20 years. Austria has huge exposure, as does most Western European banks. Look at Unicredit SpA's stock when the headlines started flying about Eastern Europe.

As far as the US being in bad shape. Sure, it is, but even our bad shape is still 10x better than any E-E country and once things turn around the E-E will still be in the doldrums.

 

[Rebel44]

Originally posted by: LegendKiller

Originally posted by: Rebel44

Originally posted by: soccerballtux

Originally posted by: freegeeks

Originally posted by: soccerballtux
Those guys don't have much of an economy, a lot of European states run banks; finance; produce little else. They're dependent on the American economy doing well.

LOL, Germany (80 million people) is the biggest exporting country in the world

No duh sherlock, I'm talking about the other ones. Czech Republic, Italy, Poland etc.

You are full of shit. I live in Czech republic and I know lot about economics in this region.

Our manufacturers are still making profit while USA is bailing out Chrysler and GM. USA has 30 times more people and produce "only" 9 times more cars, 13x more steel etc. US export is also only 9 times larger than Czech export.

Czech debt to GDP ratio is 26%
USA debt to GDP ratio is 80%
Source:
http://en.wikipedia.org/wiki/L...tries_by_GDP_(nominal)
http://en.wikipedia.org/wiki/United_States_public_debt
http://en.wikipedia.org/wiki/E..._of_the_Czech_Republic

Government own only very few companies
-Ruzyne Airport (which will be sold next year)
-CEZ (government has ~65% of company) which we are not planning to sell any time soon (because its making several billions USD of profit every year).

Most countries in this region are in much better economic shape than USA.

LOL, you're so full of shit.


http://czecheconomy.blogspot.c...e-eastern-europes.html

http://www.ft.com/cms/s/0/a408...bec8-0000779fd2ac.html

http://silverscorpio.com/czech...-amid-economic-crisis/

Hungary, Poland, and most former soviet republics are in massive trouble. Many are only being propped up by the IMF and WB or other foreign central banks so that their bets pay off in 20 years. Austria has huge exposure, as does most Western European banks. Look at Unicredit SpA's stock when the headlines started flying about Eastern Europe.

As far as the US being in bad shape. Sure, it is, but even our bad shape is still 10x better than any E-E country and once things turn around the E-E will still be in the doldrums.

HAHAHAHAHAHAHAHA
First link:
is to some stupid blog (anyone can post link to some doom and gloom blog...) and even they say that Hungary, Romania and Bulgaria do have problems (nothing new) and that Poland and CR are in better shape. Oh and since that report our curency gained 10+% vs $ and ? - I also wasnt able to find any doom and gloom report about CR from any major media...

Second link:
Yeah after 4 unsuccesful attemps oposition managed to oust government - which is no surprise to anyone who know that this government never had more than 100 votes (out of 200 total) in past 30+ months.....

Third link:
So our export fell 16% in January... and since then it rose 20% - you should at least look at more recent data..... we are exporting more than importing.
http://www.kurzy.cz/makroekonomika/zahranicni-obchod/


We neither asked for nor did we recieve any money from IMF - so you can STFU about this crap.
Oh and our biggest auto company (Skoda) anounced recently that they will build new plants and hire more workers - compare that to your shitty GM and Chrysler

 

[heyheybooboo]

Dude ... no offense - you have every reason to be proud and I commend you for it and wish you continued success. :beer:

But ...

The State of North Carolina has a GDP 50% greater than that of the Czech Republic.

And as sheety as you claim GM to be they sold over 8 million cars and trucks around the world last year - 3 million is the US - plus will produce 50,000 hybrid vehicles this year and hopefully fuel cell vehicles in the next 10 years.

And they build the Corvette

 

[Rebel44]

I know that we are much smaller than USA - i was just replying to soccerballtuxs and LegendKillers BS (he said that "Those guys don't have much of an economy, a lot of European states run banks; finance; produce little else."..... "No duh sherlock, I'm talking about the other ones. Czech Republic, Italy, Poland etc.").

And I dont think that GM is fundamentaly bad company, but their problem is that they are unable to produce small cars and still make profit.