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

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To: mishedlo who wrote (111086)4/28/2010 1:50:19 PM
From: Haim R. Branisteanu  Read Replies (1) of 116555
 
Mish it is very obvious that the whole issue of Greece is highly political - I only wonder who is messing around with the European bonds - I do think that behind the run on sovereign debt are only a handful of speculators - IMHO there is more than just market forces.

If one compares the situation in many US states to the situation within the PIIGS it will find that the US States ARE in bigger troubles on an absolute basis gobbling the various budget deficits pension benefits to state employees and healthcare etc.

Best is to review this ling to get a handle on unemployment in the US Metro areas bls.gov in most states unemployment y on y ROSE!! And over 10% - 13% unemployment persist in many cities

Michigan 14% NV 13.6% CA 13% ILL 11.7% OR 11.7% SC 11.7% OH 11.5% Mississipi 11% - you can add up those number and you will get more than the PIIGS
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