STT
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February 16, 2019, 12:49:43 AM |
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Venezuela is ten times more serious then Italy which just needs to reorganise and as a rich country pull back some of their over spending to reduce debt. Not exactly harsh times, Venezuela may not survive as a country without a revolution. That follows a 0.1% contraction in July-September, meaning Italy is now officially in a technical recession So thats really slight, more true to say they failed to grow as thats barely much of a pull back. Venezuela is in death spiral, literally people starving to death from no ability to exist in any way. The main problem Italy has is that its fixed into that pan European economy with rates set outside the country that will not allow it to adjust as a normal economy might, its caught in a series of political hurdles.
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wahyu wida
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February 16, 2019, 02:09:14 AM |
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it could be, Venezuela yesterday, now Italy. and there are still many countries that are experiencing a crisis. I think this is not the impact of America vs. North Korea that triggered World War 3. It never happened in modern times.
I think this is because of their country's internal factors. like in Venezuela, the government only relied on the oil sector, so that when oil prices were destroyed, the crisis ensued
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o_e_l_e_o
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February 16, 2019, 06:46:22 AM |
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like in Venezuela, the government only relied on the oil sector, so that when oil prices were destroyed, the crisis ensued The crisis in Venezuela started long before the oil prices dropped. I mean, yes, the government was relying way too heavily on oil money, but the bigger factor was how that money was spent. Very little of it was spent on the Venezuelan people, infrastructure, economy, etc. The majority of it was spent by the corrupt government to help Maduro consolidate power, gift to his friends and supporters, pay off or "silence" enemies, etc. Venezuela's current crises goes way deeper than simply not having enough money.
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Naida_BR
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February 16, 2019, 12:25:47 PM |
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Italy has been in trouble for many years along with Portugal, Greece, and Spain. They are dragging down the EU and are in need of a bail out. The EU will not be able to bail everyone out so they will have to turn to something else like Bitcoin to help them
Italy has a big debt but it also contributes a lot to the GDP of the European Union making Euro a competitive currency. Its economy can be stabilized without any help or bailout from other countries. Opponents of the European Idea just spread FUD about the European Federation in order to break the Union.
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mindrust
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February 16, 2019, 12:29:11 PM |
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Italy is the next Greece and Spain is the next Italy.
Germany and France make all the decisions in the EU and that pisses of the countries like Italy, Spain, Greece etc... Actually they don't give a fuck anymore. They very well know ECB will cover their asses no matter what they do. They already covered Greece's back and that gave Italy lots of courage.
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tonyja2017
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February 16, 2019, 01:09:36 PM |
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New GDP figures show that Italy's economy shrank by 0.2% in the final three months of 2018, a worse result than expected. That follows a 0.1% contraction in July-September, meaning Italy is now officially in a technical recession.
Are we at a brink of new economic crisis?
No, we are just being degraded and the crisis will be worse. Not only in Italy has a bad GDP index, in countries like China, France and Venezuela, the GDP index has been significantly reduced. But we should not be too worried. GDP is a general indicator of the financial situation as well as the income of a country. The most important thing is that people's living standards are still good and there are not many alarms.
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Febo (OP)
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February 16, 2019, 03:06:18 PM |
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I cant believe what all people brought into this thread. Economic crisis will be global and will consider everyone of you. No it will not consider only Spain and I dont know which European country. But every single country. We live in a global world with global economy.
Second. Venezuela? Really? Venezuela will least feel economic crisis since its economy is already isolated and the economic pressure on them is only increasing. And this is not really their main problem. Their main problem is the media campaign that is going on ( and its influence is also seen by posts in this thread) to destabilize country and start a civil war or any kind of war there. Same that happened in Syria and Tunisia. This will be the worse thing that can happen and I am 99% sure it will happen when I see all this pressure. Result will be totally same as in Tunisia and Syria. Few years of wars, government and economy collapse. Citizens moving to neighboring countries like Colombia and Brazil. In case of Syria was Jordan. In case of Tunisia was Algeria and Lybia. Since those countries will be at a brink of a collapses because of all the refuges, they will ask for help other countries. And here is the main big difference. North from Syria and Tunisia is Europe. North from Venezuela is USA. Trust me what I am saying here. Biggest wall Trump can build on Mexico border is to keep Venezuela war free as it is right now.
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Bitcoin-Turkiye
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February 16, 2019, 03:32:52 PM |
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New GDP figures show that Italy's economy shrank by 0.2% in the final three months of 2018, a worse result than expected. That follows a 0.1% contraction in July-September, meaning Italy is now officially in a technical recession.
Are we at a brink of new economic crisis?
There is already a big crisis in the world. Why do you think Britain wanted to leave the European Union? World Crisis starts from Europe, Unfortunately, people are becoming impoverished throughout the world.... Those who manage this crisis will survive; this is my opinion.
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Pab
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February 16, 2019, 05:25:48 PM |
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All Europe is entering in recession There are alarming data from Germany even France economy is nightmare But most interesting data are from USA Most known economic data from USA are very good but there is one small alarming one 7 mln USA citzens are not paying his car insurance for last 90 days That data compare to data from 2017 just before 2018 crisis
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Febo (OP)
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February 16, 2019, 05:35:50 PM |
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New GDP figures show that Italy's economy shrank by 0.2% in the final three months of 2018, a worse result than expected. That follows a 0.1% contraction in July-September, meaning Italy is now officially in a technical recession.
Are we at a brink of new economic crisis?
There is already a big crisis in the world. Why do you think Britain wanted to leave the European Union? World Crisis starts from Europe, Unfortunately, people are becoming impoverished throughout the world.... Those who manage this crisis will survive; this is my opinion. Why should me or you bother how people in UK will live. We dont live there. Let them decide what to do in peace for themselves. Because of me they can live on the moon. It is up to them an none of anyone's business. Now you say there is already a financial crisis. I assume you are from Turkey. What was Turkeys GDP in Q3 and Q4 of last year?
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kodtycoon
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February 16, 2019, 05:58:44 PM |
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All Europe is entering in recession There are alarming data from Germany even France economy is nightmare But most interesting data are from USA Most known economic data from USA are very good but there is one small alarming one 7 mln USA citzens are not paying his car insurance for last 90 days That data compare to data from 2017 just before 2018 crisis
The current trade war is increasingly out of control, the European economic crisis has been fairly degenerate about France there are many demonstrations that wear yellow vests. Finance Minister Bruno Le Maire also claimed that the demonstration was a disaster for business well the news had also spread throughout the world
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Crypdon
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February 16, 2019, 09:25:32 PM |
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Italians are not forward thinking enough to push their economy forwards. They will rely on the germans to bail them out. If there are any talented italians reading this, please create a worthy ICO worth billions and save your country
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STT
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February 17, 2019, 01:39:29 PM |
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haha, Italians do trade everyday which helps Germany and all the others in the union. Thats the benefit of the EU and Euro but I dont know it's enough for a permanent fix in exchange and currency rate between the two countries and others. I think in the future we see more volatility and we will need more adaptable links between countries. It doesnt mean an end to trade like the whole brexit thing going on, is overblown. Trade can carry on just the idea of fixed rigid links, I think these break and must be more free to alter with any waves in the global economy. Change is inevitable and healthy even ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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magneto
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February 18, 2019, 07:42:14 PM |
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New GDP figures show that Italy's economy shrank by 0.2% in the final three months of 2018, a worse result than expected. That follows a 0.1% contraction in July-September, meaning Italy is now officially in a technical recession.
Are we at a brink of new economic crisis?
I don't think it'll just be something that will occur in Italy. A recession in one country (perhaps not in this case) could trigger recessions in other countries too. A recession is due any time. We just don't know when we'll see that consecutive quarters of negative growth. We also don't know the government policies around the world for different countries, how they are going to potentially inject liquidity into the market in order to stimulate the economy. That's why it's pretty much impossible for us to predict which country is going to get hit next, and when. But people are expecting it around the world, economic analysts are predicting it. We are seeing a rebound in the stock sector, but will that last? Since it's impossible to predict when it's going to happen, I'd rather be safe at this stage, diversify out of stocks and real estate to some decentralised assets (gold, silver, crypto) and some short term cash holdings.
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cryptjh
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February 18, 2019, 10:49:15 PM |
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Most EU countries are in deep financial crisis, but the crisis havn't been noted so much thanks to the Euro central banks quantitative easing, but that have come to an end a month ago, so from now on we will start to see some of the southern EU countries go in to recesion. Prices of everything have been gone up, thanks to the quantitative easing, but most salary's haven't follow the higher prices.
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rollingstorm45
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February 18, 2019, 11:04:12 PM |
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New GDP figures show that Italy's economy shrank by 0.2% in the final three months of 2018, a worse result than expected. That follows a 0.1% contraction in July-September, meaning Italy is now officially in a technical recession.
Are we at a brink of new economic crisis?
I think many countries have experienced poor economic growth, this might be caused by the declining Chinese economy that is experiencing a trade war with America. great effects can be felt in most countries in the world. erratic economic conditions might be an Italian invader experiencing an economic downturn.
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Menawi12
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February 19, 2019, 01:15:23 AM |
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New GDP figures show that Italy's economy shrank by 0.2% in the final three months of 2018, a worse result than expected. That follows a 0.1% contraction in July-September, meaning Italy is now officially in a technical recession.
Are we at a brink of new economic crisis?
I think many countries have experienced poor economic growth, this might be caused by the declining Chinese economy that is experiencing a trade war with America. great effects can be felt in most countries in the world. erratic economic conditions might be an Italian invader experiencing an economic downturn. Trade war better US Government and Chinese Government affecting to world economy. Euro economic already in economic crisis start with greece and perhaps after Italy, Spain will be next because the unemplyment rate very high
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LeGaulois
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February 19, 2019, 06:22:21 PM |
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@STT The risk for Italy is a lot bigger than Venezuela. Italy will damages full Europe...at least... and it could have also an impact on the worldwide economy. Greece received 10 trillion from the IFM to recapitalize the country, but they won't be able to do the same with Italy. Nor it will be enough.
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The Sceptical Chymist
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February 19, 2019, 06:36:37 PM |
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How do I short the world?
If my memory serves me correctly (and it may not), I recall reading a book about Jesse Livermore who was a legendary stock trader from almost 100 years ago, and he found a way to do almost exactly that. He saw a huge recession coming and shorted a wide variety of stocks. I don't know if you can short index funds, but you could probably make a ton of money doing so. i've been watching permabears trying to short the stock market for years---such a dangerous game. many trading accounts have been destroyed trying to front run the next 2008. if you wanna try your luck, i suggest the proshares 3x short s&p500 ETF (SPXU) for maximum exposure. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) the fact that everyone sees a global recession coming right now tells me it's not happening yet. especially after that v-shaped recovery in stocks. i think people are jumping the gun by a couple years. I must have missed your reply here, but now that I saw it, I have to say I agree--people are probably being too quick in saying an economic disaster is on our doorstep by a couple of years at least. There are always people saying everything is going to crash, even in the best of times. Italy is just one country; it's an important one, true, but it's certainly possible for a single country to be doing badly while the rest of the world is thriving. Remember Greece? How about Venezuela? You'll know we're collectively in trouble once the rot spreads to whole continents, and right now things just aren't that bad. Certainly not bad enough to start contemplating a short sale of global stock market indexes.
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South Park
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February 19, 2019, 10:00:59 PM |
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It was predictable Absolutely. Italian debt is currently sitting at an astronomical 131% of GDP, with an incompetent government. With even Germany facing a recession, the Eurozone is on the brink. China's growth is slowing. UK is facing a no-deal Brexit. US can't keep their government open. We are facing another global recession. How do I short the world?With bitcoin or gold, pick the one you like the most. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) We do not know when but all the signs that another huge economic crisis is coming are there so we need something to prepare ourselves since it is possible the next crisis will be unstoppable since the current debt levels of most countries are unsustainable and getting indebted was the trick they used last time to stabilize the economy.
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