Gambold, I don't know how old you are and how many "genuine" economical crisis you have lived through, but assuming all members of this forum are aged between 15 and 90 (and not 300), we're pretty much living through the same epoch. The fact that there have been worse historical times doesn't mean that in the current one everything is OK.Gambold wrote:>In this moment of crisis<
i'm sorry, but I have to push back on this - the world is not going through an economic "crisis" right now. Anyone who says so hasn't lived for very long, or at least isn't very aware of historical economic cycles.
Maybe if one lives in a golden castle he's doing fine anyway. Or maybe in the US where you live you're doing fine, but here in Italy (and Europe) there's definitely a crisis which is very much "felt" on a day by day routine, and in this sense it is felt more than the 2009 one was. At least for my country, but I am sure this holds for other countries in Europe as well, and possibly Asia too:
1. Gasoline price has fluctuated a lot during the last three years, but in general there has been at least a 20-30% increase (by the way, gasoline costs here in EU three of four times more than in the US, by default);
2. House heating cost and electricity prices have skyrocketed, in many cases more than doubled;
3. Food prices have increased. I am not talking about eating at restaurants, I am talking about buying basic stuff at supermarkets;
4. Everything related to building and materials costs (as in house renewal, etc.) has increased to the point that if you ask today for a cost estimate for anything you might need to do in your house, and then ask again in 15 days time, prices may have changed already, usually in the upward direction;
5. For things like cars, and even big household items, the time it takes, from when you buy it until when it actually gets available, can be in the order of months.
There might have been worse historical moments but I don't remember having lived in any time worse than this.
Unemployment rate doesn't necessarily tell how well a country is doing. The phrase "working poors" might be artificial English, but I am sure you know what that means. From a poll, one could be counted as "having a job" where in fact he earns not more than € 800 per month. I know many many people in that situation.Gambold wrote: Last I looked, unemployment is sitting under 3% in Germany, under 4% in the UK, and under 3.5% in the USA. Those are not the numbers that make up a recession. Other European countries are higher but most of them are sitting between 5-7%. This is just a few clicks over what most economists consider a "healthy" rate of 5%.




