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Strategies & Market Trends : Currents of Currency

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From: Ahda	9/23/2008 2:51:10 PM
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Thread should be called Buckets of Bucks Sept 19th issue California’s Unemployment Rate Increases To 7.7 Percent SACRAMENTO – California’s unemployment rate was 7.7 percent in August, up from a revised 7.4 percent in July, the state Employment Development Department (EDD) reported today. A year ago, in August 2007, California’s unemployment rate was 5.5 percent. Pretty hard to assume that the mortgage crsisi in Ca can be solved simply it cannot be solved simply as you must have short sales at a time when unemployment is going up AP Bernanke: Recession more likely without bailout Tuesday September 23, 1:31 pm ET By Julie Hirschfeld Davis and Jeannine Aversa, Associated Press Writers Bernanke: Congress must pass bailout bill to avoid recession, more job losses, foreclosures WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke bluntly warned reluctant lawmakers Tuesday they risk a recession with higher unemployment and increased home foreclosures if they fail to pass the Bush administration's $700 billion plan to bail out the financial industry. <l> I am trying to figure out how ease of finance which caused this problem in the first place is going to end the problem now? In Ca the attempts to solve the problem in the mortgage crisis have been in use for some time now. The problem continues the housing market has not yet bottomed I suppose i can take this to a world base and say do to negligence on the part of the US financial system we have put the entire world in danger. Then i wonder is it not up to other financial institutions to do their DD on what they buy? I guess not as it is a global problem of no asset. This problem on the balance sheets apparently cannot be readjusted as their is no fair market value and has to be treated in the by means of the exact same method as it was started. In the mean time people of the world must realize that currency has utterly nothing to do with labor unit value. I totally disagree Buckets of bucks

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