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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: zonder who wrote (1866)3/12/2004 12:37:39 PM
From: Box-By-The-Riviera™  Read Replies (1) | Respond to of 116555
 
well, we don't subsdize the unemployed nearly as long as in europe, for example.

got sudden loss of spending?

btw.. i've been gainfully employed for a very long time, but if you ask the government, i am unemployed. there are even some tax benefits i do not receive by virtue of this designation. oh, my income is not earned btw., and we are the leading capitalist society of all time....

pretty funny and pretty sad all at once.

and yet.... i've been paying some pretty nice taxes. guess that's to keep me safe from saddam.



To: zonder who wrote (1866)3/12/2004 12:56:19 PM
From: mishedlo  Read Replies (2) | Respond to 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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