Rocker, with all due respect, I think your a bit out of your depth when it comes to discussions about economics.
For a good history of boom and busts I recommend you buy the book, ” This time is different, Eight Centuries of Financial Folly” by Reinhart and Rogoff.
Thanks for that, you may well be right. I’m an ordinary guy who has lived in Spain, and has run a business here for many, many years. I love the place to bits and my opinions are unashamedly prejudiced.
When I walk into my local Spanish bar, the ambience overwhelms me. I could go on and on, and may upset some of the PC brigade, but the waitresses bum and friendly smile makes me happy.
And the tostado with garlic and rubbed tomato will hopefully make me live long enough for the telegram.