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Page added on February 5, 2019
Global EV car sales surge 63% in 2018
Global sales of passenger car electric vehicles (EVs) jumped by 63% last year to top 2 million units for the first time, helped by surging sales of plug-in EVs in the US, according to data provided by EV-Volumes.
A total of 2.08 million plug-in EVs were delivered to customers in 2018, or 2.2% of total car sales, EV-volumes data shows. Of the total, 1.45 million were pure electric EVs and the rest were plug-in hybrid models, it said.
While China continued to dominate the outright number of EV sales last year, in the US Tesla’s new Model-3 became the world’s best-selling EV of all time, boosting total US EV sales by 81% year-on-year, the data shows.
China remains the engine of growth for passenger EVs, and thus the location of most displaced oil demand. EV sales in China rose 76% on the year in 2018, to make up just over half of global EV total, with 1.17 million vehicles sold.
In November, the International Energy Agency raised its estimate for the number of electric cars on the roads in 2040, predicting that the expected 300 million EVs on the roads globally in 2040 will displace 3.3 million b/d of oil demand growth.
S&P Global Platts Analytics forecasts that plug-in EVs, including plug-in hybrids, will account for nearly half of global auto sales by 2040, displacing some oil demand as a transport fuel and expanding the role of the electricity sector.
NORWAY LEADING EV CHARGE
Despite surging EV sales, the combined market share of plug-in EVs still remains a fraction of the global passenger vehicle market, the EV-Volumes figures show.
At the end of 2018, some 5.3 million plug-in EVs were on the road making up just 0.5% of world’s total light vehicle fleet, according to EV-Volumes.
Norway continues to enjoy the highest EV penetration level by far with more than 40% of light vehicle sales last year. Iceland, Sweden, and the Netherlands follow with EV sales penetration rates of 17.1%, 7.2% and 5.2% respectively, the data shows. Regionally, plug-in vehicle sales in Europe reached 408,000 units in 2018, 33 % higher than in 2017.
A number of oil market watchers believe the uptake of EV will outpace many of the more established estimates from forecasters such as the IEA.
Bank of America Merrill Lynch believes global oil demand growth will peak by 2030 due largely to the proliferation of EVs. Bloomberg New Energy Finance expects cost parity between EVs and conventional cars could be reached around 2025, spurring sales further.
As a result, the world’s switch from internal combustion engines to EVs will displace 7.3 million b/d of transport fuel by 2040, according to BNEF’s latest annual outlook.
Critics of bullish EV sales forecast, however, point to their current dependence on government subsidies in a number of key markets, production constraints for key battery minerals such as cobalt and the limitations of transmission and distribution grids to cope with increases in electricity demand.
213 Comments on "Global EV car sales surge 63% in 2018"
Cloggie on Tue, 5th Feb 2019 3:01 pm
Fuel-cells, not batteries are the way forward:
https://www.sciencedaily.com/releases/2018/01/180122091301.htm
“Making fuel cells for a fraction of the cost”
Bye-bye expensive platinum, welcome…
“In a paper published today in Small, researchers at the University of California, Riverside, describe the development of an inexpensive, efficient catalyst material for a type of fuel cell called a polymer electrolyte membrane fuel cell (PEMFC), which turns the chemical energy of hydrogen into electricity and is among the most promising fuel cell types to power cars and electronics.”
“The catalyst developed at UCR is made of porous carbon nanofibers embedded with a compound made from a relatively abundant metal such as cobalt, which is more than 100 times less expensive than platinum.“
Sorry, Elon.
makati1 on Tue, 5th Feb 2019 5:11 pm
TWO MILLION CARS = About 0.2% (1/500th) of the Approximately ONE BILLION PLUS cars on the road today, in the world. At that rate it would only take 500+ years to replace them with EVs. Not going to happen.
At Tesla’s $60,000 price tag, that would be $60,000,000,000,000.00+. LMAO!
Anonymouse on Tue, 5th Feb 2019 6:21 pm
Hey, that sounds positively aWeSOme, cloggturd. Where I can buy me one of these fool-cell systems for 100 times less than that cost of a platinum one? Do you have a weblink, a 1-800-number? A sales office where I can get one of these incredible, groundbreaking fool-cells delivered to my door? Shit, Ill buy 5 of them, just to teach that dumbass Elon a lesson. But, first, got to know where you get a hold of one.
Im sure you have placed YOUR order already, right? How were they do deal with cloggraham?, did they try to upsell you to a Mr Fusion, or, would describe a it as a no-hassle sales pitch? I bet they are flying off the shelves with specs like the ones you just pulled out of your ass, I mean quoted. So you know, I dont mind waiting a little a bit to take delivery, but, if you got a sales number we can dial, that would be good enough for everyone here. Saving the planet with fool-cells. It was so easy, I dont know why anyone wasn’t able to figure it out sooner, well, besides you of course.
Thanks again cloggedsphincter. Planet saved. Way to go. And fuck Elon while we are at it, bonus.
peakyeast on Tue, 5th Feb 2019 8:24 pm
“While China continued to dominate the outright number of EV sales last year, ”
Which we now know were doctored numbers.
Chrome Mags on Tue, 5th Feb 2019 11:25 pm
By the time the world is driving mostly EV’s and grid energy is mostly coming from renewables, sea level will be 3 feet higher and 2C will have been breached. But what we’ll hear is great progress is being made, ignore the climate data, mass migrations, extinctions of mega fauna and stay the course.
makati1 on Wed, 6th Feb 2019 2:51 am
So now we need a fuel source to produce a highly refined membrane to turn another energy sink into electric. Double the energy loss for less money. Sounds like another techie wet dream. LOL
“Pretty much the bulk of cobalt that is used in the world today comes from the Democratic Republic of Congo in Africa.”
Hm. Isn’t that where the US is stirring up trouble today? Coincidence or…?
“The Democratic Republic of the Congo is extremely rich in natural resources but has had political instability, a lack of infrastructure, issues with corruption and centuries of both commercial and colonial extraction and exploitation with little holistic development.” WIKI
And then there is China…
“China has become an important player in Africa’s economic activities since the turn of the century. It is aggressively competing with the West for the control the Democratic Republic of Congo’s(DRC)huge strategic mineral reserves.”
http://asq.africa.ufl.edu/files/v16a6.Kabemba.HD_.pdf
Yep! The world is getting very interesting. pass the popcorn.
JuanP on Wed, 6th Feb 2019 9:27 am
“China’s high tech manufacturing sector maintains high growth”
http://www.globaltimes.cn/content/1138068.shtml
Cloggie on Wed, 6th Feb 2019 4:44 pm
TWO MILLION CARS = About 0.2% (1/500th) of the Approximately ONE BILLION PLUS cars on the road today, in the world. At that rate it would only take 500+ years to replace them with EVs. Not going to happen.
At Tesla’s $60,000 price tag, that would be $60,000,000,000,000.00+. LMAO!M/i>
“The greatest shortcoming of the human race is our inability to understand the exponential function”
https://goo.gl/images/9W5y8Z
I AM THE MOB on Wed, 6th Feb 2019 4:56 pm
Mak
Those are great points..Its nonsense..Without all their government subsidies they would go under..
Electric cars are way too expensive..And since you can’t take one out of the city they are pretty much useless to the majority..And they work like shit in the cold weather..And the batteries get damaged in temperatures above 80 degrees..
Electric cars have been around over 100 years..And they never caught on for the reasons above..This is just history repeating itself..
I AM THE MOB on Wed, 6th Feb 2019 5:02 pm
Former NASA scientist and climate advocate James Hansen said “suggesting that renewables will let us phase rapidly off fossil fuels in the United States, China, India, or the world as a whole is almost the equivalent of believing in the Easter Bunny and Tooth Fairy.”
https://dotearth.blogs.nytimes.com/2013/07/23/jim-hansen-presses-the-climate-case-for-nuclear-energy/?_r=0
Warning of shortage of essential minerals for laptops, cell phones, electric cars, solar panels, wiring
https://www.sciencedaily.com/releases/2017/03/170320110042.htm
Electric cars will not stop rising oil demand, says IEA chief
https://www.climatechangenews.com/2019/01/22/electric-cars-will-not-stop-rising-oil-demand-says-energy-agency-chief/
Tesla Model 3 Costs More To Charge Than A Gasoline Car
https://seekingalpha.com/article/4160351-tesla-model-3-costs-charge-gasoline-car
Tesla, Jaguar and Nissan EVs lose range in freezing temps as polar vortex leaves electric car owners out in the cold
https://www.cnbc.com/2019/02/05/tesla-jaguar-and-nissan-evs-lose-power-in-freezing-temps-.html
Cloggie on Wed, 6th Feb 2019 5:10 pm
This is for uou, mobster:
“Arbeit macht old”
https://www.bloomberg.com/opinion/articles/2019-01-28/holocaust-health-paradox-survivors-lived-longer
Holohoax survivors live 7.1 years longer.
What was it anyway, a wellness resort?
makati1 on Wed, 6th Feb 2019 5:27 pm
MOB, we agree on that point. EVs are not going to replace gasoline/diesel cars. Not ever. Toys for the techies with $$$$.
makati1 on Wed, 6th Feb 2019 5:34 pm
Cloggie, I understand it perfectly and there is not going to be an “exponential function” with these techie wet dreams. 2015 techie wet dreams are not 2018’s reality. This is not 2015. All of EV;s many negatives are now becoming public and hitting the current owners.
Wanting something to be, does not make it so. You are like Davy. Delusional in your techie fantasy whereas he is delusional in his belief that the US is going to continue as number one in the world. Neither are doing to happen.
makati1 on Wed, 6th Feb 2019 5:40 pm
Corrected: “Cloggie, I understand it perfectly and there is not going to be an “exponential function” with these techie wet dreams. 2015 techie wet dreams are not 2019’s reality. This is not 2015. All of EV’s many negatives are now becoming public and hitting the current owners.
Wanting something to be, does not make it so. You are like Davy. Delusional in your techie fantasy whereas he is delusional in his belief that the US is going to continue as number one in the world. Neither are going to happen.”
No revisions possible on this site. Need another cup of coffee. Too much partying last night. LOL
I AM THE MOB on Wed, 6th Feb 2019 6:01 pm
Clogg
The holocaust was not a hoax..
Here is the holocaust encyclopedia.
https://encyclopedia.ushmm.org/content/en/article/the-nazi-rise-to-power
You are just a brainwashed cult member..
I AM THE MOB on Wed, 6th Feb 2019 6:50 pm
Love is a bourgeoisie construct..
I AM THE MOB on Wed, 6th Feb 2019 7:17 pm
Trump Nominates a Top Campaign Donor to Run the World Bank
https://trofire.com/2019/02/06/trump-nominates-a-top-campaign-donor-to-run-the-world-bank/
Pay to play at it finest!
I AM THE MOB on Wed, 6th Feb 2019 8:19 pm
400 pounds of master race. A “southerner” in northern Ohio.
https://i.redd.it/qqi1fioluye21.jpg
Anonymouse on Wed, 6th Feb 2019 9:21 pm
DavyMOB, why dont you and your pal Cloggraham there, take your dumbass OT bullshit, somewhere else, hint hint. I know you really worked hard to try to differentiate I AM THE DAVYTURD from your own dysfunctional, and delusional ‘base’ personality, but, really, I think it is long past time for you, and cloggieYID, to take your shitshow somewhere else.
It does not help that you occasionally answer as I AM THE DAVYMOB’, when you meant to type in your stock dumbass handle. Oopppsee!
But hey, logging under the wrong handle happens to even the best of sock puppets from time to time, and you, are far from the best.
Dumbass DavyMOB…….
Cloggie on Wed, 6th Feb 2019 10:18 pm
“The holocaust was not a hoax..”
Give me one name and proof of somebody who was gassed, not 6 million. Victors justice is no justice, certainly not if perpetrated by the scumbags of the earth, Soviets and Americans, who plotted as of 1933 for the destruction of Europe.
Fortunately, the USSR no longer exists.
Now the last shitpile is going to be toppled.
Meanwhile tensions are heating up in Europe:
https://www.dailymail.co.uk/news/article-6676161/QUENTIN-LETTS-Hell-surely-special-shelf-functionaries-Brussels.html
It was what EU-friendly parties in the UK, like the BBC and most other media correctly observed, a calculated move by Tusk. Message: don’t reckon with concessions, the concessions are already on the table, this is it. These media described the move by their friend Tusk as “not helpfull”. It wasn’t intended as such.
Britain is going in the “Dunkirk-mode”… and so is Europe. Putin loves it.
War could erupt between Britain and continental Europe even before the Americans clash with Chinese. One clash could lead to the other. Our Anglo friends created a little too much opposition. Easy to predict what is coming next: UK trying to split up the EU and the EU trying to split up the UK. Blockades. The US coming to the aid of the UK… and the battle lines are drawn.
In Scotland a new initiative for independence is started:
https://www.theguardian.com/politics/2019/feb/03/ex-snp-man-angus-robertson-launches-scottish-independence-polling-initiative
In Ireland likewise, they smell their chance for reunification:
https://www.irishcentral.com/opinion/others/reasons-why-a-united-ireland-is-definitely-on-the-way
If necessary via the hard way.
War is coming everywhere. The Anglo-Zionist empire is dying. Two Anglo centuries are coming to an end. We can’t have a new world and a future for white people if this cancer isn’t eradicated first. If it takes the Chinese to get job done, so be it. 50,000 Americans dying abroad and CW2 will be a fact. Americans can’t take casualties, gloated the Chinese admiral the other day. And he is right. The jewish stakeholders in the West know their days are numbered.
https://documents1940.wordpress.com/2019/01/07/the-good-news-zog-is-dying/
https://youtu.be/ebAQg6YG1nw
They blinked first, now hit.
Well done, mr Tusk.
I AM THE MOB on Wed, 6th Feb 2019 10:38 pm
Clogg
One name okay easy..
MILOŠ LEDERER
https://www.holocaust.cz/en/database-of-victims/victim/168711-milos-lederer/
JAN LANG
https://www.holocaust.cz/en/database-of-victims/victim/104028-jan-lang/
VIKTOR LEWIT
https://www.holocaust.cz/en/database-of-victims/victim/105533-viktor-lewit/
You are so dumb and deluded..
I AM THE MOB on Wed, 6th Feb 2019 10:40 pm
Clogg you lie about everything..
You lie about WW2
You lie about renewables
You lie about peak oil
You are mentally deranged..Likely a paranoid schizophrenic..
That is why you spam this board..Because you would be moderated anywhere else for your lunacy..
Anonymouse on Wed, 6th Feb 2019 10:51 pm
Well, I AM THE DAVYTURD, why dont you just neuter and moderate cloggenyid like you always claim you do to the normal people here, dumbass?
Or does cloggenYID, have a Davytard neuter and moderation exemption clause the rest of us do not? Or maybe you should just call it another day in the sock puppet trenches and do something useful instead. I cant imagine what useful would mean to you in this context, but smooching and spreading your dumbass extremism non-stop with another certifiable fraud and retard like cloggraham, is definitely something we can do without.
Idiot.
Cloggie on Wed, 6th Feb 2019 11:08 pm
“One name okay easy..”
That’s the name, now the proof.
You gave the name of person A who was missed by person B. I have no idea where my classmates from primary school are. So, they must have been gassed, right?
Not even the fake icon of the holohoax, Anne Frank was gassed.
All the forensic evidence points at a hoax. There are no traces of cyanide in these fake gas chambers. There are no remains of millions of exterminated people. The 6 million story was in the works, decades before organized jewry found an opportunity to impose it on an unsuspecting world:
https://documents1940.wordpress.com/2017/09/26/an-embarrassing-discovery/
And now it is all coming out.
Poor Anglo-Zionists.
Cloggie on Wed, 6th Feb 2019 11:18 pm
Obesitas illustrated, just look at the pictures of average meals since 1940:
https://www.dailymail.co.uk/femail/article-6675687/How-Sunday-roast-gone-sparse-supersize-decades.html
But no worries. Times of crisis and war are to be seen as giant and successful weight-watching programs. Just look at Venezuela.
“Because you would be moderated anywhere else for your lunacy..”
It doesn’t matter any more, because it is all coming down now. And not because of fake peak oil/fossil, but because of shifting demographics, politics, outdated alliance systems and dying empires.
Cloggie on Wed, 6th Feb 2019 11:33 pm
Corrected: “Cloggie, I understand it perfectly and there is not going to be an “exponential function” with these techie wet dreams. 2015 techie wet dreams are not 2019’s reality. This is not 2015. All of EV’s many negatives are now becoming public and hitting the current owners.
Your mistake is assuming that 1 billion fossil fuel cars must be replaced by 1 billion e-vehicles.
They don’t. They can be replaced by 50-100 million autonomous e-vans.
https://deepresource.wordpress.com/2017/05/16/by-2030-you-wont-own-a-car/
Oil and car companies are on the way out, worldwide.
Climate change alone will enforce it.
makati1 on Thu, 7th Feb 2019 1:34 am
Ah, but they ‘might’ not be. You use the same slippery words the rest of the techies use when they want to promote their beliefs.
“Can: to be able to; have the ability, power, or skill to.”
The does NOT denote something will, or even the likelihood of something happening. I do not say the sun ‘may’ come up tomorrow. It ‘will’ come up tomorrow. I can say that I ‘may’i live to be 100, but that does not make it so.
All personally owned transportation is on its way out but government, military and corporate cars will exist as long as there is a way to make them and the fuel. There will be public conveyances like buses also, but limited and they will NOT be electric. They will be FF powered because most in service now will still be in service 10-20 years from now.
IF oil is not going to be important, why is the US trying to control ALL of the major sources now? Because they know that they will be used for the foreseeable future and the country that controls them will control the world.
EVs are techie toys and are already losing their MoJo.
Chevy Volt is deceased. No demand. No money to buy.
https://www.greencarreports.com/news/1120090_gm-to-kill-chevy-volt-production-in-2019
“Nissan LEAF U.S. Sales Slip Below 800 In January 2019”
https://insideevs.com/nissan-leaf-u-s-sales-january-2019/
“Tesla cuts Model 3 price for second time this year”
https://finance.yahoo.com/news/tesla-cuts-model-3-price-080229442.html (You don’t cut prices if your product is in demand. Going bankrupt one car at a time.)
China is ramping up EV production, but its economy is on the verge of a financial contraction that will end EV and other car sales.
The future was borrowed in the last 20 years and the bill is now coming due. ALL consumption is going to fall drastically with all of the pain and lifestyle changes it will involve. EVs? Too little too late.
You live in a country with fewer people than Metro Manila and think it is the rest of the world.
makati1 on Thu, 7th Feb 2019 1:38 am
BTW Cloggie, most of the world is ignoring climate change and by the time it is blatantly obvious, car production will be history. ALL unnecessary production included.
The next world recession/depression is going to change a lot of things. Enjoy the present. The future is not going to be nice.
makati1 on Thu, 7th Feb 2019 1:56 am
“Oil and car companies are on the way out, worldwide.” Really?
Maybe you should tell that to: Reliance Industries, Rosneft, OJSC Lukoil, Chevron, Total S.A., ExxonMobil, Royal Dutch Shell, China National Petroleum Corp. (PetroChina), Sinopec, and Saudi Aramco. (Or the US military.)
https://www.tharawat-magazine.com/facts/top-10-biggest-oil-gas-companies/#gs.1Ea7JfdH
https://www.worldatlas.com/articles/biggest-oil-companies-in-the-world.html
Even IF their total production drops by 1% per year, there will be a lot of oil left in 20 years. No need for EVs.
Cloggie on Thu, 7th Feb 2019 2:21 am
“All personally owned transportation is on its way out but government, military and corporate cars will exist as long as there is a way to make them and the fuel.”
That’s what I say too!
EVs are techie toys and are already losing their MoJo.
But not their Moia!
https://www.youtube.com/watch?v=y2X1ehdJQSI
“Oil and car companies are on the way out, worldwide.” Really?
According to you, yes. Well if coherence means anything to you. If you say that private owned (means of) transportation is on the way out than that automatically means the end of oil and car companies.
Again the link:
https://deepresource.wordpress.com/2017/05/16/by-2030-you-wont-own-a-car/
“UK consultancy firm Rethinkx has no doubts: the car society as we know it, will be history much sooner than you think. Key word: self-driving car. Once governments begin to allow these essentially driver-less taxis on its roads, the death warrant for the global car industry will be sealed. Why? Because this development would eliminate the need for expensive car ownership completely.”
Cloggie on Thu, 7th Feb 2019 2:24 am
BTW Cloggie, most of the world is ignoring climate change
Well, America is not the world.
The entire world minus America (the only juvenile in our midst) signed the Paris Agreement. That doesn’t mean that the world will live up to it by the letter, but it IS a land-mark achievement anyway.
Cloggie on Thu, 7th Feb 2019 2:29 am
Look, it is her again!
https://www.dailymail.co.uk/news/article-6676097/May-insist-UK-not-trapped-Irish-backstop-Corbyn-reveals-five-key-Brexit-demands.html
Just sit it out until shortly before the deadline and make the Commons vote once again, publicly for all to see and see if they will take personal responsibility for the loss of 8% UK GDP and a host of international companies leaving.
The days of the British empire are long gone and the US empire is on the way out too.
Cloggie on Thu, 7th Feb 2019 2:41 am
“Juncker and Varadkar show off ‘thank you card from Irish family’ that declares: ‘For the first time ever, Ireland is stronger than Britain thanks to the EU’”
https://www.dailymail.co.uk/news/article-6675939/Juncker-showing-card-declares-time-Ireland-stronger-Britain.html
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita
Ireland $72,632
Britain $43,620
Whooptido!
The DUP (have you googled that up?) will have great difficulty to explain to its voters why they don’t join that winner country.
https://www.youtube.com/watch?v=r0zGVVcsbPg
https://en.wikipedia.org/wiki/Cool_Britannia
(When the UK was still part of the EU).
The UK entered the EEC as shabby country in 1975 and likely will return to that status in a near future, cut off from everything.
Case of self-amputation. Young girls do that.
makati1 on Thu, 7th Feb 2019 2:54 am
Cloggie, self driving cars are just another fad. They will not be tolerated by those whose jobs are destroyed by them. Nor will I ever trust my life to a computer. Most sane people will not either.
You live in a Disneyland world that is not reality. Oil will be recovered and burned until it is impossible to do so and then what is going to fuel, manufacture and repair your EVs? God? LMAO!
EVERYTHING relies on FFs to exist. When they go away so will life beyond horse and buggies.
BTW: I do not live in America, I live in the Philippines but I see the use of oil increasing, not decreasing. China is still selling millions of cars every year. Indians want cars. Africans want cars. All god’s chillen’ want cars. Gas is $5 per gallon here, and a laborer makes $1 per hour, but the sale of cars is increasing every year. Explain please?
“… Passenger car sales were up 2,3% to 82 million.” (2017) http://carsalesbase.com/global-car-sales-2017/
Most of those cars will still be on the road 10+ years from now. Most of the cars bought last year will still be on the road in 2030. Most of the cars sold this year will be on the road…see the problem with your assertion?
Weirdo on Thu, 7th Feb 2019 4:26 am
Anonymouse on Wed, 6th Feb 2019 9:21 pm
Anonymouse on Wed, 6th Feb 2019 10:51 pm
Davy on Thu, 7th Feb 2019 4:34 am
“Your mistake is assuming that 1 billion fossil fuel cars must be replaced by 1 billion e-vehicles. They don’t. They can be replaced by 50-100 million autonomous e-vans.”
It is more like a little of both EV and AI EV’s. EV and fuel cells vehicles should come on stronger with time but I doubt at the level we here forecasted. The other scenario is less driving along with more mass transit. The public is not there yet with behavior but they must move that way. Economics might move people that way. If we do get poorer then there will be less vehicles in general. Replacing and maintaining 1BIL cars is not sustainable rich or poor in today’s changing world. Autonomous vehicles in my opinion are a niche both because of application and the robustness of the tech. We need to be getting away from all our eggs in the complicated basket.
Davy on Thu, 7th Feb 2019 4:36 am
“China is ramping up EV production, but its economy is on the verge of a financial contraction that will end EV and other car sales.”
It is nice when makato sees reality more clearly
Davy on Thu, 7th Feb 2019 4:47 am
“The entire world minus America (the only juvenile in our midst) signed the Paris Agreement. That doesn’t mean that the world will live up to it by the letter, but it IS a land-mark achievement anyway.”
Paris agreement is a joke. The US is doing almost as much as the EU in regards to the renewable transformation so not sure where your “juvenile” is coming from. The EU is lots of talk about a full transition. China is a lot of mal-investment of produced renewable stock that is not efficiently connected IOW lots of stranded power.
Davy on Thu, 7th Feb 2019 5:00 am
“Juncker and Varadkar show off ‘thank you card from Irish family’ that declares: ‘For the first time ever, Ireland is stronger than Britain thanks to the EU’”
“Busting The Myths Of The Euro: Economic Convergence”
https://tinyurl.com/yd6l6zt4
“The last eight years of Euro’s 20 years in existence have been a disaster for the thesis of economic convergence – the idea that the common currency is a necessary condition for delivering economic growth to the ‘peripheral’ euro area economies in the need of ‘convergence’ with the more advanced economies levels of economic development.”
“It is clear from the chart that in growth terms, using annual rates or the averages over each decade, the Euro creation did not sustain significant enough convergence of the ‘peripheral’ economies of Greece, Italy, Portugal and Spain with the EA8 more advanced economies of the original euro 12 states. Worse, since the Global Financial Crisis onset, we are witnessing a massive divergence in economic activity.”
“Not only the divergence is dramatic, but the euro area ‘peripheral’ economies have not fully recovered from the 2008-2013 crisis, with their total real GDP sitting still 3.2 percentage points below the pre-crisis peak (attained in 2007), marking 2018 as the eleventh year of the crisis for these economies. With Italy now in a technical recession – posting two consecutive quarters of negative growth in 3Q and 4Q 2018 based on preliminary data, and that recession accelerating (from -0.1% contraction in 3Q to -0.2% drop in 4Q) we are unlikely to see any fabled ‘Euro-induced convergence’ between the lower income states of the so-called Euro ‘periphery’ and the Euro area 8 states.”
Davy on Thu, 7th Feb 2019 5:06 am
Makato, wow, Asia sure is corrupt.
“Visualizing Corruption Around The World”
https://tinyurl.com/ydbrkg64
graph: https://tinyurl.com/yb39qqrr
graph: https://tinyurl.com/yb39qqrr
I AM THE MOB on Thu, 7th Feb 2019 6:23 am
Clogg
Your high school friends aren’t missing..You just don’t know where they are..The police could find them..That isn’t case with jews who were gassed..
This is your logic clogg..
Show me what you ate for dinner last friday..You can’t..Therefore you didn’t eat anything..
Such paranoid lunacy.
I AM THE MOB on Thu, 7th Feb 2019 6:26 am
Its been a very bad no good week for clogg
Driverless cars can’t see the road in the rain, fog, or snow..and they can’t make left turns without a green light..
You won’t own a car by 2030 according to the board geezer and lunatic..
Sorry clogg..Tech is a young persons thing..You old geezer should stick to board games..
I AM THE MOB on Thu, 7th Feb 2019 6:27 am
The only thing billionaires should be running for is their lives!
Seize the fucking means!
I AM THE MOB on Thu, 7th Feb 2019 7:00 am
John McCain’s Widow calls cops claiming human trafficking upon seeing a brown lady with a white kid
http://ktar.com/story/2427834/phoenix-police-dispute-cindy-mccains-claim-of-human-trafficking-at-airport/
I AM THE MOB on Thu, 7th Feb 2019 7:28 am
France Recalls Ambassador From Italy After “Unprecedented” Verbal Attacks
I AM THE MOB on Thu, 7th Feb 2019 9:51 am
AAA: Cold weather can cut electric car range over 40 percent
https://www.apnews.com/04029bd1e0a94cd59ff9540a398c12d1
What a lemon
I AM THE MOB on Thu, 7th Feb 2019 10:29 am
EU cuts Italian growth outlook, says government caused recession
https://uk.reuters.com/article/uk-eurozone-forecasts-commission-italy/eu-slashes-italian-growth-outlook-says-recession-caused-by-government-idUKKCN1PW0Z1
Great work Five Star party! LOL
Cloggie on Thu, 7th Feb 2019 11:46 am
Uhoh, Europe and UK, a match made in hell:
https://www.dailymail.co.uk/news/article-6676097/May-insist-UK-not-trapped-Irish-backstop-Corbyn-reveals-five-key-Brexit-demands.html
#EndOfTheWestNotAMinuteTooEarly
#EurasiaNewCenterOfTheUniverse
I AM THE MOB on Thu, 7th Feb 2019 11:59 am
Germany is a diminished giant, and that spells trouble for Europe
https://www.marketwatch.com/story/germany-is-a-diminished-giant-and-that-spells-trouble-for-europe-2019-01-28
Better escape clogg you knuckle-dragger..When that oil shortage hits soon..Its game over for Europe and Asia..
Cloggie on Thu, 7th Feb 2019 12:03 pm
Why should I want to “escape”? We’re about to get rid of the empire.lol
Celebrate good times, come on! (Let’s celebrate)
Celebrate good times, come on! (Let’s celebrate)
There’s a party goin’ on right here
A celebration to last throughout the years
So bring your good times, and your laughter too
We gonna celebrate your party with you
Only borderline suicidal snowflakes like you despair in a recession.