Tom Joad is Italian
From FX Analyst's missive Italy and Germany switching places... "While there are numerous challenges for Italy, such as the sky-high youth unemployment rate of 43.1%, the worst economic challenge seems to be over for the country."
We PM'ed FX Analyst and commence Nattering...
I don't mean to come off as attacking, it is not my intention to shoot the messenger, and please do not take this the wrong way, but the economic numbers above, make the disingenuous econometric falsity and media narrative in the US, seem Mark Twain authentic...
if you think what's happening in Japan, China and North America is bad... I have eyes, ears and feet on the ground across Europe and what they have to report is in stark contrast to however the data used in those reports is being "massaged".
This is reminiscent of Bush Sr's omission in the statement, the economy has turned the corner... his omission... flipped over three times, struck a tree and burst into flames.
The only place with a faint murmur of a heartbeat is in the north: Germany, select parts of the UK, Sweden, Norway, Finland and Denmark where all the PIIGS have moved to, for work, as the exodus, capital and brain drain has ramped up of late.
I have personally seen parts of Italy which are identical to post housing bubble Florida, vacant private housing, obvious bank owned ghost inventory, closed gas stations, abandoned commercial, crumbling infrastructure, public roads with potholes that will swallow a Fiat 500 whole, in effect like a neutron bomb had been deployed.
I wondered where those poor people went, then I discovered, there exist a multitude of Tom Joad shanty's from the Grapes of Wrath or modern day downtown Los Angeles or other third world countries such as Mexico.
Truly, outside of the aforementioned Northern Schengen Zone, all others in the EU are half in the bag (Belgium, Holland) on the table (France), or in ICU. Yes, the worst economic challenges are over for Italy, Spain, Portugal and Greece as their economies are quite dead. Yes, the worst is over, that's because the "patient" is quite dead.
Trust me when I say, its a DISASTER in every sense of the word. An epic of third world proportion into which the last survivors, the Northern states, are about to pulled under by the zombie economies of the PIIGS. The only mystery in this fait accompli is: will QE reanimate multiple zombies? and what's left of the cadeavor? Which from what I understand, is being eaten by the Chinese.
We PM'ed FX Analyst and commence Nattering...
I don't mean to come off as attacking, it is not my intention to shoot the messenger, and please do not take this the wrong way, but the economic numbers above, make the disingenuous econometric falsity and media narrative in the US, seem Mark Twain authentic...
if you think what's happening in Japan, China and North America is bad... I have eyes, ears and feet on the ground across Europe and what they have to report is in stark contrast to however the data used in those reports is being "massaged".
This is reminiscent of Bush Sr's omission in the statement, the economy has turned the corner... his omission... flipped over three times, struck a tree and burst into flames.
The only place with a faint murmur of a heartbeat is in the north: Germany, select parts of the UK, Sweden, Norway, Finland and Denmark where all the PIIGS have moved to, for work, as the exodus, capital and brain drain has ramped up of late.
I have personally seen parts of Italy which are identical to post housing bubble Florida, vacant private housing, obvious bank owned ghost inventory, closed gas stations, abandoned commercial, crumbling infrastructure, public roads with potholes that will swallow a Fiat 500 whole, in effect like a neutron bomb had been deployed.
I wondered where those poor people went, then I discovered, there exist a multitude of Tom Joad shanty's from the Grapes of Wrath or modern day downtown Los Angeles or other third world countries such as Mexico.
Truly, outside of the aforementioned Northern Schengen Zone, all others in the EU are half in the bag (Belgium, Holland) on the table (France), or in ICU. Yes, the worst economic challenges are over for Italy, Spain, Portugal and Greece as their economies are quite dead. Yes, the worst is over, that's because the "patient" is quite dead.
Trust me when I say, its a DISASTER in every sense of the word. An epic of third world proportion into which the last survivors, the Northern states, are about to pulled under by the zombie economies of the PIIGS. The only mystery in this fait accompli is: will QE reanimate multiple zombies? and what's left of the cadeavor? Which from what I understand, is being eaten by the Chinese.
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