Re: World markets savaged by US recession fears

[Guest guest]

It isn't just the US that is causing fears. The Eurozone is also causing concern because of political shifts in Germany and because of a coming German court ruling about paying bailouts. Germany's economy should be of real concern because right now it is Germany that is footing all the bailouts yet at the same time, they are gutting their national power supply by closing coal and nuclear plants which will eliminate about 40% of their power production. Even though Germany has the most wind turbines of any European country, they are supply about 15% of their rated capacity so Germany is importing electricity from France. Still, if those power cuts continue, Germany will not be able to import enough power and the economy will suffer.

England faces much the same problem and already imports power from France, sometimes more than Germany does.

Its all a result of this "Green Energy" policy that is proving to be dismal failures everywhere it is tried. The large scale solutions are just prove failures, short of hydroelectric but even that is taking a beating because of periodic droughts. The technology just isn't read for that. It would probably have been far more effective to have put that money into putting solar panels on store and factory rooftops to reduce power consumption at point of use, as well as putting panels on rural and other homes to again reduce consumption at point of use. Putting the panels or small turbines at point of use would also save power from loss in transmission lines.

But back to the topic at hand. Europe has serious economic problems as does Japan and even China. Simply put, economic troubles are common around the world because government have been following Keynesian fallacies and fiat currency. In other words, the economic system in most countries is designed to benefit government and not maintain a long-term stable economy.

In a message dated 9/6/2011 12:39:09 A.M. Eastern Daylight Time, no_reply writes:

World stock markets took a beating Monday over fears that the U.S. economy was heading back into a recession just as the European debt crisis was heating up and the eurozone's economic indicators were slumping.