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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (39000)	9/30/2003 2:25:23 PM
From: Snowshoe	Read Replies (1) \| Respond to of 74559

Instead of telling them what to do, it is probably far more advisable to let them deal with their own problems. Reminds me of this hilarious incident from the Carter era... "And you should have seen the expression on the faces of the American team - Carter, Mondale, Vance, Brzezinski - when they touched on the issue of free emigration and were coolly told by Deng Xiaoping: 'Fine. How many do you want? Ten million?' That was the end of that." lrb.co.uk

To: Ramsey Su who wrote (39000)	9/30/2003 8:42:47 PM
From: Haim R. Branisteanu	Respond to of 74559

Not only in the US - Jobless Recovery EUROZONE – C O N T I N U E D Headline French unemployment unexpectedly fell in August, but the drop was probably a fluke. The Labor Ministry reported today that the number of people out of work fell by 13,000 in July. That’s the first drop in the past eighteen months, and compares to a concensus forecast of a 15,000 gain. But the Ministry is not pouring out the champagne. The data on the number out of work are based on ILO standards, the Ministry said in a faxed the number: on another measure, compiled by the Ministry, unemployment rose 11,000 in the month. The jobless rate, meanwhile, held steady at 9.6% in August.. With unemployment a lagging indicator, expect some further rise in joblessness in the second half, even if the economy begins to improve. Other Eurozone data were, on balance, negative: · Spanish retail slumped 14.1% in the month of August, dragging year-over-year growth down to 3.1% from 6.2% in July. · French GDP was left down 0.3% in the second revision, but first quarter growth was revised lower to only 0.1% growth, down from 0.2% previously. This leaves year-over-year growth now down 0.3% versus the previous estimate of no change. · Italian trade for August showed an improvement in the non-EU surplus to E1.85 million, up from E1.56 billion in July. Non-EU exports fell 5.7% year-over-year, while imports were down 5.3%.