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Exchange rates Euro to USD: 10 years ago: 1 EUR = 0,95 USD today: 1 EUR = 1,3 USD As European I really like the 'Euro crisis'. I'd be pleased to get more of

Exchange rates Euro to USD: 10 years ago: 1 EUR = 0,95 USD today: 1 EUR = 1,3 USD As European I really like the 'Euro crisis'. I'd be pleased to get more of it. PS: What media has written about the financial crises since 2008 is mostly nonsense. In fact, we have seen a deep media crisis. Media is not able any more to give a remotely adequate picture of reality (not limited to financial aspects of course).

SuperChihuahua 14y ago
But the problem is that we have postponed the crisis by increasing the debt
jvm 14y ago
I hope you also enjoy the 25% unemployment in Spain...
- icebraining 14y ago
  There's also the 36,6% for younger people (<25) in Portugal.
edwardy20 14y ago
Considering the 10.3% unemployment rate in the EU right now, I doubt your fellow Europeans share the same viewpoint. (http://epp.eurostat.ec.europa.eu/statistics_explained/index.php/Unemployment_statistics http://epp.eurostat.ec.europa.eu/statistics_explained/index....)
- gasull 14y ago
  Real US unemployment is way larger than the official numbers: http://www.shadowstats.com/alternate_data/unemployment-charts http://www.shadowstats.com/alternate_data/unemployment-chart... The numbers in the EU are also manipulated, but not by such a wide margin. When Europeans talk about unemployment, the statistic they're using is equivalent to the broadest US U6.
  - janardanyri 14y ago
    I'm severely distrustful of those stats and the zeal that surrounds them, generally long on ideology and short on rationale. Let's poke at it a bit. Does "long-term discouraged worker" mean that if someone works for a few years in their 20s, experiences some obstacles in pursing their preferred career, and decides stay-at-home parenting is more to their liking anyway, are they now permanently "unemployed?" How do we recognize the difference between a detached person who's taken up sculpting and a desperate person living at wit's end? Do you count as a "long-term discouraged academic" if you once made strides toward pursuing an academic career but strayed into industry? Do we have an economic crisis in the professional sports sector because millions of aspirants are being trained but over 90% of them ultimately can't find jobs playing baseball? There may be some value in exploring how we define employment, but categorically calling those stats "real" and other stats "manipulated" trips my tinfoil detector, especially since I never see actual economists referencing this data.
- ExpiredLink 14y ago
  > Unemployment rate > 2001: US 4,8; Euro area 8,1 > 2011: US 8,9; Euro area 10,2
waterlesscloud 14y ago
2008: 1 Eur = 1.60 USD Now: 1 Eur = 1.25 USD That looks a little different.

SuperChihuahua 14y ago

But the problem is that we have postponed the crisis by increasing the debt

jvm 14y ago

I hope you also enjoy the 25% unemployment in Spain...

icebraining 14y ago
There's also the 36,6% for younger people (<25) in Portugal.

edwardy20 14y ago

Considering the 10.3% unemployment rate in the EU right now, I doubt your fellow Europeans share the same viewpoint. (http://epp.eurostat.ec.europa.eu/statistics_explained/index.php/Unemployment_statistics http://epp.eurostat.ec.europa.eu/statistics_explained/index....)

gasull 14y ago
Real US unemployment is way larger than the official numbers: http://www.shadowstats.com/alternate_data/unemployment-charts http://www.shadowstats.com/alternate_data/unemployment-chart... The numbers in the EU are also manipulated, but not by such a wide margin. When Europeans talk about unemployment, the statistic they're using is equivalent to the broadest US U6.
- janardanyri 14y ago
  I'm severely distrustful of those stats and the zeal that surrounds them, generally long on ideology and short on rationale. Let's poke at it a bit. Does "long-term discouraged worker" mean that if someone works for a few years in their 20s, experiences some obstacles in pursing their preferred career, and decides stay-at-home parenting is more to their liking anyway, are they now permanently "unemployed?" How do we recognize the difference between a detached person who's taken up sculpting and a desperate person living at wit's end? Do you count as a "long-term discouraged academic" if you once made strides toward pursuing an academic career but strayed into industry? Do we have an economic crisis in the professional sports sector because millions of aspirants are being trained but over 90% of them ultimately can't find jobs playing baseball? There may be some value in exploring how we define employment, but categorically calling those stats "real" and other stats "manipulated" trips my tinfoil detector, especially since I never see actual economists referencing this data.
ExpiredLink 14y ago
> Unemployment rate > 2001: US 4,8; Euro area 8,1 > 2011: US 8,9; Euro area 10,2

waterlesscloud 14y ago

2008: 1 Eur = 1.60 USD Now: 1 Eur = 1.25 USD That looks a little different.