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

To: Taikun who wrote (57004)	12/7/2004 2:56:21 AM
From: Elroy Jetson	Read Replies (2) \| Respond to of 74559

Just keep in mind that unemployment for Swiss nationals is currently only 3%. home.pacbell.net When the rise of the Swiss Franc causes Swiss unemployment to rise to the same horrific levels we currently experience in the U.S. - - well then I might start to get a little concerned. We all know that the U.S. is a total basket case with our unemployment rate at an eye-popping 5.4% -- which, using the same standards as Swiss reporting, is probably closer to 7.2%. All of our major cities filled with hordes of people standing in soup lines, bankers jumping out of their office windows. Oops that was a film from 1932. Maybe Switzerland won't melt down if they reach 5% unemployment after all. .