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comment by b_b
b_b  ·  1229 days ago  ·  link  ·    ·  parent  ·  post: Piketty: Germany has no standing to lecture other nations on debt.

    Now that Europe is trying oh-so-hard to counterbalance the USA, Germany is insisting that they can't waste money on those spendthrift Greeks because they know that if Greece goes to shit it will be American troops that will march on Athens.

In addition to the reasons you cite, I think Germany has an ulterior motive to wanting to keep Greece (and other weak Eurppean economies) in the Euro. Namely, Germany is the largest export economy in Europe, and if I'm not mistaken, the second largest in the world. Greece, Portugal, et al. keep the Euro artificially low, and the shittier they get, the weaker the Euro gets. At the time of writing this the Euro costs $1.11. Remember when the Euro cost $160? Not so good for BMW sales, is it? BMW, Audi and Mercedes are the leaders in the luxury market, and keeping their, Siemens', TyssenKrupp's, and the rest of their heavy industry's products 30% cheaper around the world sure isn't hurting the German economy.

Germany wants Greece to squirm. It was pointed out by the leader of the CEPR recently that the ECB made history last week when it became the first central bank ever to deliberately cause a financial collapse when they cut Greece off (for anyone not familiar, the whole point of a central bank is to facilitate finance). They will hem and haw, but they definitely will not kick Greece out of the Euro. What happens to Germany when they're trading in Deutsch Marks, or even a currency that only includes Benelux and France? That easy money they've had recently dries up. BWM may be cooler than a Cadillac or a Lexus, but it looks a lot cooler when they all cost $50k. Doesn't look so great when the Caddy comes in $25k under in the same segment.

No matter how much money the "bailouts" cost Germany in nominal terms, a strong Deutsch Mark will cost them a lot more. Of course they can't say that out loud, so they keep toeing the line about "moral responsibility". The easiest way to tell if a leader is lying is to examine their remarks for appeals to morality.




kleinbl00  ·  1229 days ago  ·  link  ·  

The Dodge Stealth R/T Twin Turbo / Mitsubishi 3000GT VR/4 was introduced in 1991 at $33k. Then Japan had their "Lost Decade" and by the time the VR/4 exited the market in '98 (Dodge having lost the ability to sell them for a profit in 1996) they were $80k cars.

A number of the rationalists have been screaming "currency war" since December 2012 and Drachma Games are definitely a part of the fun.

Judt called the Eurozone an economic union masquerading as a political one with all the downside it entails. Politically, Greece is toxic. Economically, Greece is the bitter pill you have to swallow as part of being the EU.

And I dunno. I'm beginning to wrap my head around a CTS-V or CTS-4. Having lived in Los Angeles for 7 years I know one thing for sure: I will never own a german car. Two presidential administrations in this shithole have made me desire American cars for the sheer perversity of it.

b_b  ·  1229 days ago  ·  link  ·  

The new CTS-V that debuted at the Detroit auto show this year is a beautiful machine. It's also $80,000 or something crazy. I would buy one if I could afford it and I didn't live in an are where for three months of the year you can't drive a rear wheel with 650hp, so you need an additional snow car. Since I meet neither of these criteria, it will live as a dream where it rightly belongs. The 4 is pretty cool too, though, and that's an eminently drivable car in all normal situations. I'm toying between that and the smaller ATS for my next auto.

user-inactivated  ·  1228 days ago  ·  link  ·  

You know, if you have the room, you could get yourself either the CTS-V or ATS-V as your summer daily driver, then in the winter, buy yourself a beater to get you through those three months. After every winter comes tax return season and people have money they're looking to burn, so you can easily sell your car on Craigslist for just as much if not more than what you paid for it.

b_b  ·  1227 days ago  ·  link  ·  

Sigh. If I had my way I would get an ATS-V and an early 90s Bronco to mess around with. The downside of the V to me (besides that I'm not sure I want to sink that much money into a car) is that the designer of its exterior is a former boyfriend of my wife. Silly as it may be, I find that kind of emasculating. Not a normal situation for one to have to consider when purchasing a car.

user-inactivated  ·  1227 days ago  ·  link  ·  

I am happy to say that I have never found myself anywhere near such a pickle. I don't even have a response for such a dilemma.

b_b  ·  1227 days ago  ·  link  ·  

Haha. I highly doubt it's a situation that anyone besides me and like a hand full other dudes will ever have to consider, and most of those probably aren't as pitifully prideful as me.

user-inactivated  ·  1227 days ago  ·  link  ·  

You should show that you're secure in your manhood and have great taste in cars by getting a Miata. Your wife will appreciate your practicality as well.

b_b  ·  1227 days ago  ·  link  ·  

My very first car was an 1983 RX-7, which isn't dissimilar to a Miata in many ways, but like waaaaaaaay cooler. I loved that car, but totaled it in short order.

My wife drives a Range Rover Evoque, so practicality in automobiles isn't really her thing.

user-inactivated  ·  1227 days ago  ·  link  ·  

You know, if you want something similar to the RX-7, The Scion FR-S/Subaru BRZ is actually a well put together car. You'll hear people gripe about their lack of power, but they're missing the bigger picture of amazing handling. They're nothing like the FR-S or the RX-7, but the Ford Focus and Fiesta STs are great cars in their own right.

If power is your thing though, and you still want something that's a bit more practical price wise, the new Mustang is hard to beat. Though, I'd probably wait until the 2016 or 2017 model year comes out, so Ford has a chance to work out the first model year kinks.

b_b  ·  1227 days ago  ·  link  ·  

I like the Mustang, and I'm Ford employee discount eligible, so it's crossed my mind, but I'm just not into muscle cars. The Camaro that's coming out next year is cool, too, but doesn't appeal to me for the same reason. When it comes to fast cars, I'm more a sport coupe enthusiast (ATS-V, M4, RS5, etc). As it stands, I'll only buy a Ford or GM, because I can get discounts on either (not because of any buy American ethos). Currently I drive a Silverado, and there's a strong possibility I'll just end up getting another one, but goddam is it annoying when faced with a small parking lot.

user-inactivated  ·  1227 days ago  ·  link  ·  

You know, each generation that Mustang becomes a bit sportier, especially this generation now that it has an independent rear suspension. You got a bit of a pricier taste in cars though. Pricier, but still tasteful.

Besides the parking, how do you like your Silverado?

b_b  ·  1227 days ago  ·  link  ·  

Parking and the gas. Besides that it's the best vehicle I've ever driven.

user-inactivated  ·  1227 days ago  ·  link  ·  

I've seen some decently priced used Toyota Tacomas. I don't need anything big, so I'm thinking about getting one as my next vehicle.

b_b  ·  1227 days ago  ·  link  ·  

Check out the new canyon/Colorado. They're awesome.

user-inactivated  ·  1227 days ago  ·  link  ·  

I absolutely will. I love cross shopping. It's half the fun.