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sameu
Intermediate Crude
Joined: Aug 18, 2005
Posts: 532
Location: Belgium, Europe
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 Posted: Tue Jul 01, 2008 4:59 pm Post subject: Denmark in recession |
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| Quote: | COPENHAGEN (Thomson Financial) - Denmark has fallen into recession, the first European Union country to do so in the aftermath of the U.S. sub-prime crisis, after its economy contracted in the first quarter, official figures issued on Tuesday showed.
The official statistics office said the Danish economy contracted 0.6 percent compared with the three months to December, when it saw negative growth of 0.2 percent.
A recession is defined technically as two consecutive quarters of negative growth.
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Global growth has been steadily slowing since the collapse of the US subprime or higher-risk home loan market last year sparked a credit crunch that has seen business starved of funding as banks refuse to lend.
At the same time, record high oil and other commodity prices have stoked costs and inflation, undercutting corporate profits and investment.
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cnbc
many to follow
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Cashmere
Light Sweet Crude
Joined: Mar 27, 2008
Posts: 1971
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| Posted: Tue Jul 01, 2008 5:28 pm Post subject: Re: Denmark in recession |
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If these people played their cards right they would have been able to set up a tulip bulb bubble right as the U.S. Subprime began to pop. [edit - whoops, wrong country cashmere]
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Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
Last edited by Cashmere on Tue Jul 01, 2008 5:48 pm; edited 1 time in total |
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Kingcoal
Expert
Joined: Sep 29, 2004
Posts: 2330
Location: Pennsylvania, USA
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| Posted: Tue Jul 01, 2008 5:40 pm Post subject: Re: Denmark in recession |
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Something's rotten in Denmark?
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MrMonkey
Coal
Joined: Nov 28, 2007
Posts: 13
Location: Denmark, Scandinavia
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| Posted: Wed Jul 02, 2008 1:28 am Post subject: Re: Denmark in recession |
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| We are in a technical recession because we simply can't attract enough foreign workers. We have the lowest unemployment rate ever in history, under 5% and all companies are screaming for more workers. |
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Cashmere
Light Sweet Crude
Joined: Mar 27, 2008
Posts: 1971
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| Posted: Wed Jul 02, 2008 8:01 am Post subject: Re: Denmark in recession |
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Mr Monkey.
Oh, only a "technical" recession.
Good to hear.
Over here in the U.S. we have an unannounced recession.
_________________
Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group. |
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Tyler_JC
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Joined: Sep 25, 2004
Posts: 4723
Location: Boston, MA
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| Posted: Wed Jul 02, 2008 8:40 am Post subject: Re: Denmark in recession |
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| MrMonkey wrote: | | We are in a technical recession because we simply can't attract enough foreign workers. We have the lowest unemployment rate ever in history, under 5% and all companies are screaming for more workers. |
Sounds like a good time to ask for a raise. 
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thor
Heavy Crude
Joined: Jun 21, 2005
Posts: 453
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| Posted: Wed Jul 02, 2008 10:36 am Post subject: Re: Denmark in recession |
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| MrMonkey wrote: | | We are in a technical recession because we simply can't attract enough foreign workers. We have the lowest unemployment rate ever in history, under 5% and all companies are screaming for more workers. |
Why on earth would you want to have more foreign workers? If you ain't got the workforce then just leave it as it is. In view of PO, we all have to adapt to a world that does not grow.
Look at France with all their foreign "workers" and see what they got in return, overpopulated cities full with people abusing the welfare system.
Yeah, opening the gates will really help... |
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GASMON
Intermediate Crude
Joined: Mar 29, 2008
Posts: 846
Location: England
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| Posted: Wed Jul 02, 2008 12:03 pm Post subject: Re: Denmark in recession |
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Who will save the Danish Bacon ??!!.
BTW Danish bacon - BEST in world. (Better than spam !!!!)
Gasmon
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Been there, Done that, Bought the tee-shirt |
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Pholostan
Tar Sands
Joined: Mar 02, 2008
Posts: 37
Location: Sweden
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| Posted: Wed Jul 02, 2008 2:01 pm Post subject: Re: Denmark in recession |
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In the last couple of months or so the unenployment rate has increased here in Sweden. Signs of recession here too.
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SD_Scott
Heavy Crude
Joined: Dec 09, 2004
Posts: 493
Location: Around somewhere
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Cashmere
Light Sweet Crude
Joined: Mar 27, 2008
Posts: 1971
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| Posted: Wed Jul 02, 2008 10:59 pm Post subject: Re: Denmark in recession |
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Nice to see the "US" steady at 0.
Which country is that, the "US"?
_________________
Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group. |
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DefiledEngine
Heavy Crude
Joined: Aug 19, 2004
Posts: 292
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| Posted: Wed Jul 02, 2008 11:08 pm Post subject: Re: Denmark in recession |
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| USA at 0? Doesn't seem to correspond to a lot of news on this site lately. France going into minus? Does that mean that people would get paid to buy houses? |
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MrMonkey
Coal
Joined: Nov 28, 2007
Posts: 13
Location: Denmark, Scandinavia
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| Posted: Mon Aug 18, 2008 11:20 pm Post subject: Re: Denmark in recession |
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| thor wrote: | | MrMonkey wrote: | | We are in a technical recession because we simply can't attract enough foreign workers. We have the lowest unemployment rate ever in history, under 5% and all companies are screaming for more workers. |
Why on earth would you want to have more foreign workers? If you ain't got the workforce then just leave it as it is. In view of PO, we all have to adapt to a world that does not grow.
Look at France with all their foreign "workers" and see what they got in return, overpopulated cities full with people abusing the welfare system.
Yeah, opening the gates will really help... |
We're not openening any gates. In fact, Denmark has one of europes strictest foreign policy which makes it really hard to get into Denmark - unless you have a very good education in some of the areas that we need workers in 
I live in my own house, bought with a 30 year fixed mortgage, in the middle of the little town that i live in. And this is all with a 37 hour work week at a job that i got after my 4 year education. |
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