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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: zonder who wrote (1866)3/12/2004 12:56:19 PM
From: mishedlo  Read Replies (2) of 116555
 
If not, though, and considering the much higher unemployment figures in Europe and Canada, why should US unemployment be at worrying levels at present?

US debt levels are much higher than most other places I would think.

Credit here is insanely excessive and the only thing holding up this house of cards. Interest rates are low because there are no jobs and credit burdon would become unmanageable at higher rates.

Mish

M
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