Eurozone unemployment rate remains at record low 7.2 pct
31 January 2008, 17:54 CET
And the dollar shrinks while the Euro grows?
Yea, well the “geniuses” at the Fed keep cutting the interest rates and printing more money...what do you expect?
It ain't rocket science, they just need to leave the interest rate alone and quit flooding the market with more cash...it wouldn't hurt either if the clowns in Congress would...gasp!...balance a budget, pay down the national debt & quit spending money we don't have.
We are letting illegal aliens in this country to keep wages down. Although they continue to use our health care, schools, and welfare for their anchor babies at tax payer expense we do nothing. Then these people (yeah that's right I said these people) send the money they make back to their countries.
Now compound that with jobs going overseas (because the cost of labor) and the free trade. Our dollar is no longer based on the gold standard. Furhtermore, our corrupt morally bankrupt government keeps printing dollars while it runs record deficits.
They tell us innovation will keep us going. However, how can it happen when all jobs keep going over seas. Not just jobs getting phased out.
Our great nation is in trouble. I am sorry but its going to take more than a single a report about the unemployment rate to make me think we are heading in the right direction,
And the dollar shrinks while the Euro grows?
Actual Eurozone unemployment is north of 10%. The Euro is falling against the dollar and will continue to do so.
Despite a truly anti-Herculean effort (as in filling the Augean stables) by the dims and lamestream media, the United States economy remains the greatest ever in history. Less than 4% of the world's population, using about 20% of the world's annual energy consumption, produce almost 30% of the world's goods and services.
Few people properly comprehend the scale and efficiency of the U.S. economy. Although the business cycle will never repealed, the knowledge and controls available to today's management to monitor supply, demand, costs, trends, labor, etc. are without parallel.
While it is still very much possible for a company, group of companies, or even an entire sector to get it wrong; even very wrong if they let emotion trump reason; the rest of the economy will figure it out very quickly and adjust accordingly.
As a result, much of business is focused on the twin Achilles Heels of our nation, demography and education.
It is an axiom of business that if you are not growing, you are dying. The replacement birthrate is too low among United States citizens. Our dismal public school system compounds the problem because a high school diploma has become as meaningless as a certificate of attendance and many college diplomas (particularly BA degrees) are not much better.
Still, while it is possible to make and win a short term bet against the U.S. economy, only a fool would bet against it in the long run.