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  #1  
Old 03-04-2013, 03:04 PM
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Eurozone Unemployment jumps

BBC News - Eurozone unemployment hits 11.9%

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Old 03-04-2013, 04:38 PM
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What do you expect when everything is done in cash, under the table and black market? Greece is one of the worst. You pay in cash or you don't get anything.......
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Old 03-04-2013, 05:19 PM
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In Spain the unemployment rate for people between 18 and 35 is 45%.
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Old 03-04-2013, 05:43 PM
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No chance of a global monetary fart here?
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Old 03-04-2013, 07:10 PM
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Originally Posted by Dudesky View Post
No chance of a global monetary fart here?
Now that's a fart not to be trusted....
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Old 03-04-2013, 07:43 PM
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Dudesky...

Well, the stock market was going down well till ZimBen Bernanke's little kurva, Yellen, opened her stinking yap. Here's hoping for buying opportunities later in the week. Interestingly, the dollar is at 6-month highs right now, so perhaps the fart is beginning to smell a bit.
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Old 03-05-2013, 11:50 AM
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Many things seem to have changed somewhat very reciently. There is some indication that the semi stability that was thought already present even at lower levels than desired. Has provided no suspected semi solid economic floor as it has and is still continuing to sink away once again.

Expect interest rates to remain lower than forcast still. Some changes in the currrancy market still ahead as things there once again are changing to meet the new reality.

It almost looks like we passed through one cycle and are now on another or the last one just gave out. Expect the governments that still can to borrow and pump a lot more money into the systems than they thought they would have to this year. Not doing so is not really an option.
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Old 03-05-2013, 12:05 PM
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It almost looks like we passed through one cycle and are now on another or the last one just gave out. Expect the governments that still can to borrow and pump a lot more money into the systems than they thought they would have to this year. Not doing so is not really an option.
You're assuming that the US pumping still has any effect -- I think effect is being lost. Stock market is up, but look at Canadian Dollar, gold, Euro, UK Pound, and Yen, Ruble vs the US Dollar in the last month. We're losing (or winning in my view) the currency war for the time being.
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  #9  
Old 03-05-2013, 12:16 PM
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I remember when this started to take place in the US. On September 10, 2004, VP Cheney said that 'unemployment numbers are skewed' and that they did not take into account anyone who was self-employed.

One person in the crowd Cheney was talking to described himself as 'Self-employed' and Cheney pointed out that according to the way the government comes up with the numbers that person would be considered as unemployed.

Since, according to Cheney, anyone who is self-employed is considered unemployed then all unemployment figures are skewed and worthless. His words; not mine.

So there you have it from no less an expert on the subject than Cheney himself.

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Old 03-05-2013, 07:36 PM
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You're assuming that the US pumping still has any effect -- I think effect is being lost. Stock market is up, but look at Canadian Dollar, gold, Euro, UK Pound, and Yen, Ruble vs the US Dollar in the last month. We're losing (or winning in my view) the currency war for the time being.
The harder commodity markets are going soft. A bad indicator that demand has fallen off and a reason for the strengthening american dollar in comparison. . Actually dollars like the canadian one are bound to travel downward with us canadians losing with a reduction in demand and prices for various export commodities of ours.

The money pumping may have no obvious further improvement effect. But stop it and it could be disasterous. The system has seemingly made it part of the norm at best now. They attempted to stabilise systems in many countries with simular methods. I think they thought in general it worked until just lately. Recent statistics and projections indicate generally it may not have been enough. Or even the right answer to the problem.

As for the stock market I think it is just waiting for some current event as a reason to tumble it down substantially. They would enable this in some other way is my belief . Thats if they felt they would not hurt the confidence of investors that much by proving the pure manipulation. No problem though as some event will occur to satisfy the need. Too many people are waiting in the wings for a major downturn to buy. The market wants to see that money.
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Old 03-05-2013, 07:38 PM
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Originally Posted by barry12345 View Post
The harder commodity markets are going soft. A bad indicator that demand has fallen off and a reason for the strengthening american dollar in comparison. . Actually dollars like the canadian one are bound to travel downward with us losing with a reduction in demand and prices for various export commodities of ours.

The money pumping may have no obvious further improvement effect. But stop it and it could be disasterous. The system has seemingly made it's p part of the norm at best now. They attempted to stabilise systems in many countries with simular methods. I think they thought in general it worked until just lately.
It failed in Japan in the 90s.
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Old 03-05-2013, 07:49 PM
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It failed in Japan in the 90s.
It is basically failed economic thinking... OK so government will borrow money today to spend money and then this improves the economy somehow. I dunno how the Keynesianism keeps coming back every time it is proven false (1970's, early 1980's, Japan 90's and now again). It is like people want to believe in it, even though even in theory it is garbage. Why would people invest capital in building companies, etc when they know a big tax hit is coming to pay for the accumulated debt of today?
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Old 03-05-2013, 07:50 PM
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And a little closer to home.

Personal income plummets 3.6% in January
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Old 03-05-2013, 07:53 PM
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Politicians run the economy the way they run everything else we give them power to run.
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Old 03-05-2013, 08:59 PM
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Meh, Europe can fix its own mess. The rest of the world is humming along just fine without them.

U.S. stock rally lifts Dow to record finish - Market Snapshot - MarketWatch

We broke a record today doom and gloom naysayers. I wish I put every freaken penny I had into auto and bank stocks back in 2009. I'd be turning the keys in my new SLS AMG GT now if I wanted one if I did that...

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