The Best Years Are Over - AGWR

YouKnowWhatIMeanLike

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Allianz Global Wealth Report 2016 claims the best years are over.

https://www.allianz.com/v_1474449382000/media/press/document/other/allianz_se_global_wealth_report_the_best_years_are_over_20160921_3.pdf

Ireland still in the top 20 though, scoring position #19 with €41,910 in net per capita financial assets. down from #16 in 2000 here.

And locking in rank #16 with €75,720 gross per capita financial assets. down from #13 in 2000 here.

Switzerland is taking the championship by storm again this year and year after year. Germany at #20 in gross per capita financial assets almost crashed out out of the top 20 this year losing more than 200bn due to Mario Draghi's low interest policies at the ECB.
 


Spanner Island

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I saw the Dalai Lama on Good Morning Britain this morning and he reckons in general and when compared to the past that things are improving globally...

I think I'll take a leaf out of his book instead of listening to a bunch of w*nkers in the financial sector and the pearls of dubious self regarding BS they like to emit constantly... :cool:
 

General Urko

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There are huge limits to how unbridled capitalism can expand and those limits are well and truly at about destroying Western workers' wages, conditions and entitlements to get more and more profits, simple as!
 

Skypeme

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There are huge limits to how unbridled capitalism can expand and those limits are well and truly at about destroying Western workers' wages, conditions and entitlements to get more and more profits, simple as!
Don't worry about it, we always have one set of public service unions prepared to screw "the tax-payers" while the other set wait in the wings. A long cold winter facing the travelling public. Good pair of shoes and a brolly needed.
 

Spanner Island

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According to Ambrose Evans Pritchard in The Telegraph, and the UN, they're over for everyone else as well:

UN fears third leg of the global financial crisis - with prospect of epic debt defaults  
He's been dooming and glooming since I became aware of him... a long time back...

A stopped clock is right twice a day... as are doomers and gloomers half the time because humanity likes cycles and doesn't seem able to break them.

Equally though... the optimists tend to be right half of the time too...

Debt is a problem though... no doubt about it... but then hitting a reset button and allowing the financial w*nkers to take a well deserved bath could be the best answer... painful and all as it would undoubtedly be.

It should probably have been allowed to happen in 2008.
 

Mister men

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He's been dooming and glooming since I became aware of him... a long time back...

A stopped clock is right twice a day... as are doomers and gloomers half the time because humanity likes cycles and doesn't seem able to break them.

Equally though... the optimists tend to be right half of the time too...

Debt is a problem though... no doubt about it... but then hitting a reset button and allowing the financial w*nkers to take a well deserved bath could be the best answer... painful and all as it would undoubtedly be.

It should probably have been allowed to happen in 2008.
A run on the banks and general huge scale social unrest is badly needed. The whole system needs to be torn down and rebuilt for the good of all not the few.
 

statsman

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We inhabit a finite system, but people seem shocked at the notion that growth can't be infinite. What a shock.
 

General Urko

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Don't worry about it, we always have one set of public service unions prepared to screw "the tax-payers" while the other set wait in the wings. A long cold winter facing the travelling public. Good pair of shoes and a brolly needed.
Oh public sector pen pushers are gate keepers and they will always be rewarded hansomely for services rendered and ditto with the private sector rubbish nanagerial class!
 

General Urko

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We inhabit a finite system, but people seem shocked at the notion that growth can't be infinite. What a shock.
But it will go on and on for the winners ad infinitum leeching off everyone else!
 

GDPR

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Allianz Global Wealth Report 2016 claims the best years are over.

https://www.allianz.com/v_1474449382000/media/press/document/other/allianz_se_global_wealth_report_the_best_years_are_over_20160921_3.pdf

Ireland still in the top 20 though, scoring position #19 with €41,910 in net per capita financial assets. down from #16 in 2000 here.

And locking in rank #16 with €75,720 gross per capita financial assets. down from #13 in 2000 here.

Switzerland is taking the championship by storm again this year and year after year. Germany at #20 in gross per capita financial assets almost crashed out out of the top 20 this year losing more than 200bn due to Mario Draghi's low interest policies at the ECB.
When you see figures claiming that Irish people are richer than Germans, you know you are looking at more leprachaun economics.
 

General Urko

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When you see figures claiming that Irish people are richer than Germans, you know you are looking at more leprachaun economics.
Well with the million plus extra guests thanks to Merkel's brain fart on her way to the nobel peace prize, averages will have been brought down!
 

General Urko

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But it won't. When it stops, it will stop for everyone.
Sure the very (and most cynical often) richest gobshytes during the bust have got substantially richer since as they have loads of money to buy 'depressed' assets for half nothing!
The system is rigged so if they keep their heads and focus, they simply cannot lose!
 

YouKnowWhatIMeanLike

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When you see figures claiming that Irish people are richer than Germans, you know you are looking at more leprachaun economics.
well now I'd say this is not a fair comment. Ireland has over the last 15 years surpassed Germany in every GDP per capita ranking. It's a simple fact that Ireland is among the richest countries on the planet. and one of the most expensive ... hence you don't notice.
 

*EPIC SUCCESS*

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But it won't. When it stops, it will stop for everyone.
Sounds like 'a rising tide lifts all boats' which we now know to be categorically untrue.

For some, they will remain in comfort right up until the very end. This is how it has always been, to believe otherwise is incredibly naive.
 

HarshBuzz

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But it will go on and on for the winners ad infinitum leeching off everyone else!
Middle classes in India and China. Hundreds of millions of people newly economically empowered.

Are they 'leeches'? This tiresome narrative of "we're all getting poorer, boohoo" is rubbish.

Personally I intend getting richer. :p
 

GDPR

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well now I'd say this is not a fair comment. Ireland has over the last 15 years surpassed Germany in every GDP per capita ranking. It's a simple fact that Ireland is among the richest countries on the planet. and one of the most expensive ... hence you don't notice.
Yes indeed, 26.5% GDP growth in 2015. I think we can claim to be the richest country in the whole universe.
 

General Urko

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Middle classes in India and China. Hundreds of millions of people newly economically empowered.

Are they 'leeches'? This tiresome narrative of "we're all getting poorer, boohoo" is rubbish.

Personally I intend getting richer. :p
India has absolutely phenomenal levels of poverty and China equally phenomenal levels of Corruption, regular folk in either probably have very little chance of advancing their lives regardless of ability!
I'm talking about the richest and unbridled capitalism, not ordinary ambitious folk with talent who deserve to benefit from a meritocracy, but they will be made to suffer, when the big knobs need more money! Did you not notice the crash?
 

General Urko

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Sounds like 'a rising tide lifts all boats' which we now know to be categorically untrue.

For some, they will remain in comfort right up until the very end. This is how it has always been, to believe otherwise is incredibly naive.
The richer the richer get the more they will send their capital elsewhere to get more returns, trickle down economics is largely absolute bull shyza!
 


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