News for hackers. Stuff that matters.

A comment on The average Greek is working a full 40% longer than the average German. Parent comment

Re:The average Greek is working a full 40% longer than the a... by yequalsx on Monday May 14, 2012 @07:24AM (#3970476)
When a market is flooded with easy, cheap money distortions occur. Witness the housing excesses in the U.S. prior to 2008. This is a phenomenon of human nature. Excess credit inevitably leads to too many bad loans.
[ Parent | on HN ]
Re:The average Greek is working a full 40% longer than the a... by cafard on Monday May 14, 2012 @07:44AM (#3970531)
This stuff is cyclical. The deregulation of S&L rates in the 1980s led to huge problems.
[ Parent | on HN ]
Re:The average Greek is working a full 40% longer than the a... by nickik on Monday May 14, 2012 @10:01AM (#3971073)
I have studyed this stuff quite a bit. The deregulatian probebly had some effect but compaired with the effect the easy money had it was not that imprtend. There where other things like that the taxcode favers buying instead of renting. Asian saving lowered long term lones .....

Most importendly Fanny Mea and Fredy Mac could borrow cheap money from the Fed and went below equillibrium prices for a long time.

[ Parent | on HN ]
Re:The average Greek is working a full 40% longer than the a... by sunir on Monday May 14, 2012 @01:10PM (#3971967)
Business cycles and political (mis)intervention in the market are orthogonal concepts.
[ Parent | on HN ]