The risk of investing in Europe has risen and Poland has suffered accordingly

"The risk of investing in Europe has risen and Poland has suffered accordingly," said Miroslaw Budzicki,

and what do you think about it?

bloomberg.com/news/2010-11-17/polish-debt-costs-may-climb-to-5-month-high-at-auction-on-europe-debt-woe.html

Say no more.

Poland isn't part of the Euro zone, which is nearly as failed of a currency as the Dollar. The Zloty is actually managed very well, and the Polish economy is doing well compared to most (based on the numbers).

from the article:


Also from the article and completing the title:

thanks for mentioning that. It's just that numbers rarely make people happy.

They make people really happy if they're investing in something...which is the title of this thread...

do you mean just "if they're investing in something" or if they're investing in something that makes good profit for them?

That's kind of the point of investing in something, to make a profit, either tangible or intangible.

well true but you should know that investing in something doesn't necessarily mean that it's going to be a good investment. Most of people invest cash and lose it. I created this thread to show, despite the good numbers, that investing in Poland at this time might be pretty risky (according to some leading Polish managers anyway).

Why is investing in Poland risky? The article says the opposite.

I recall that when I said something similar you jumped me with your usual contrarian blahblah. :s


I don't know... This number kinda makes me smile. --> 8 :)

Yea, it's all relative. Compared to the Dollar and the Euro, it's great. I mean as far as fiat currency is concerned... But, it's fiat currency, which is crap. Make sense? It's not a one dimensional issue.

some of it does and some of it doesn't. I'll tell you a story, when we lived in Poland, we met a very nice lady who lived in Chicago (for almost 30 yrs), she had a really nice bar in Mikolajki, right at the lake. She invested lots of money in this business, build a house in the same town. Short before we left Poland, she almost lost everything and we're talking millions not peanuts and she was trying to get a loan just to stay in business for a little longer in hope that it's going to pick up eventually. She knows most of the business owners (not just pubs, all kinds of businesses) in that area and she told me that 95% of them are struggling too. So what am I supposed to believe, the good numbers or someone who was telling me about her problems with tears in her eyes?


I'm glad you chose that number, lol

I call wiggle crap. As I recall, I stated that it was partly due to the fact that P-Land hadn't yet been sucked into the Euro hole that their economy had better weathered this downturn than most others. Which is essentially what you just said here. Same thing, Mr. Contrarian.


See! :D

A stupid investment in Poland will be a stupid investment anywhere. The poor lady made a terrible investment.

The article is about bonds though.


Call whatever you want. As far as fiat currencies go, which I am completely against, NBP has managed theirs fairly well to achieve their objectives, which screw over the common people, as all fiat currencies do.


I've always said that. That is the only reason that the Polish economy weathered the correction. Said that over and over and over again. I still don't like fiat currencies because they screw people over year on year.

Only when I said it you felt compelled to challenge me. :s

Give us a quote :)

I'm convex, and I approved this message.

I told you, she wasn't alone. According to what she said, it was whole bunch of other businesses struggling too.


investing too. Now tell me something, I see you're fighting like a lion to prove your point, how come you never do it when it comes to "your" country and people. Just wondering.

Yea, stupid investment... Lots of people make stupid investments. I've pointed some of them out on this very forum.


Seemed to be about bonds, I read it again. My point is there is plenty of money to be made in Poland. I wrote the same thing about the US over and over tonight. If you didn't read it, fair enough. I'm not hot on dollar investments at the moment for obvious reasons.

It's not really what I asked you about but oh well, let it be.

You asked me:


And I answered:


Not quite sure what you're getting at. I argue about realistic things that I believe in. The Polish market is growing by leaps and bounds, what's the problem?

You know I wasn't talking about any investment, you're not that stupid convex.


and what does it mean for an average Pole, almost nothing (for most of Poles actually nothing at all). I'm in touch with my friends in Poland and they keep telling me that absolutely nothing is changing that would be worth mentioning.

Ottawa vs Carolina ice hockey game now (see you in a little bit)

What are you talking about? Apparently I am that stupid, sorry for taking you at face value. It's a forum, not much time to take it at anything else.


The runs contrary to what I see, and what is posted on this very forum on a daily basis. Lodz the boat posted a great message on this today. If you can't tell that there's been a dramatic increase in the quality of life and purchasing power for the average Pole over the last 10 years, you're completely out of touch.


What's a hockey? :)

I'm sorry, I know it's not very popular in Poland but most of Americans like it.

The dollar isn't a failed currency, it's the "world reserve currency". The Poland zloty is succeeding due to the fact that Poland has control over it's currency. The problem with Ireland is that it doesn't have control since it gave up the punt. That's what's wrong with the Euro zone, it's the Euro. The German-France "fix" is in. Poland soon to follow.


The common people get screwed when the circulation of money is restricted as a gold standard would do. Simply put, there isn't enough gold to go around.

They seem not to understand that we always lived with debts and we always managed it somehow and so it will be this time too. It's only a matter of time. I'm gonna wait on that day and I'm gonna remind all those America haters on my words today, "He who laughs last, laughs best".

It's popular these days to think because gold is a metal that it's value is more consistent than paper money. This thinking is an illusion. Paper and gold are one and the same, their value is relative. We handled our debts by circulating money. We had the Great Depression because we restricted the money supply.

dollar is done the hyper inflation is coming soon you just cannot print money without consequences the euro currency has Germany the second biggest producers in the world and united states has service economy that does not generate wealth or any production, dollar will go down down in flames but euro will survive.


I can see your point here.


I can see your point as well.

here what I think the gold always protected you from inflation but gold is controlled by banks so they can make it as plentiful or as scares as they want gold is open for manipulation by banks and fiat currency in present date are controlled by verity of central banks that are privately own so the fiat currencies are being manipulated as would be any asset that belongs to federal reserve or a central bank it is in privet hands.

the solution is for governments to take control of it's own currencies be the masters of own money supply that is the only way to protect own economy from fiat currency manipulation.

it worked in history: england had a tally sticks made out of wood split in two
Lincoln printed own green backs during civil war
in one word we need to take control of our money from federal reserve and privet banks.


no dear united states never lived with this kind of budget deficits, it all started when Regan become president then papa bush, clinton, then moron junior and the deceiver obama.

the only way to turn this around is to bring back manufacturing jobs back to united states to start producing wealth in this country to create well paying jobs to rebuild infrastructure so no bridge will ever collapse if you do not do this then America is done stick a fork in it.

no one here hates America we look at this economy with open eyes, you know objectively that sometimes you need to do.

That reads very strangely, on the one hand its a patriotic American but on the other its a Polack making classic written errors. You will be waiting for that day a long, long time. The writing is on the wall, keep living in your dream world though its amusing.

Patriotism is not bad, right? Obviously Marek has some ideas and things he would like to change for US&A.


Are you a lector or something? And what the frack are you after all, Breslau Junge...?


Every "kingdom" will fall. ;-)


We'll see ;-)

what the right to feel superior based on the lottery that is ones place of birth? Its bad from a liberal point of view. I believe wisdom makes one less patriotic, ultimately patriotism is extreme ignorance.


Arent you criticizing this with your next post:


So you're admitting every Kingdom will fall but then quoting "we'll see" with regard to the US.