Comments on: Notes From Underground: A Question On Spanish Unemployment

By: yra harris

yra harris — Thu, 04 Oct 2012 21:27:24 +0000

Jacob—while I don’t have enough knowledge about that claim,I do think it is absurd for Spain to publish unemployment data that increases the cost of its borrowing.If the economy was bigger then official figures cite then the debt laod will be a smaller percentage and lenders may well be more comfortable lowering lending rates to the Spanish sovereign

By: Jacob Steelman

Jacob Steelman — Thu, 04 Oct 2012 20:31:19 +0000

Neither the Spanish authorities nor any other government will publicly acknowledge the reality of the underground economy since to do so would assist in the further devaluation of government and government power. It would further decrease government taxation policy a primary instrument to control the citizens and others residing within the country’s borders.

By: Adrian Turner

Adrian Turner — Thu, 04 Oct 2012 06:39:55 +0000

Gov intervention in markets is so extreme now that in several major markets – including the US – the Gov annualised deficit exceeds the after-tax earnings of the domestic stock market (ie US $1.1trn vs c. $1trn S&P earnings) AND in several of these markets the only source of funding of this deficit is a central bank ? (ie US)