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Recent Posts
- U.S unemployment rises slightly to 7.6% Canada falls slightly to 7.1%
- European obsession with austerity and inefficient job search repeats error of the 1930s
- Stock market jitters focus on false fears about end of Quantitative Easing
- The Perils of Polling: B.C. election delivers rude surprise to pollsters
- Canadian unemployment stable at 7.2 % inflation falls to -0.4 % seasonally adjusted annual rate.
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Monthly Archives: February 2012
Greek debt a better alternative is possible:ECB needs to buy 100 billion Euros of Greek sovereign debt +temporarily expand M2 by 1.15 %
The situation in Greece continues to fester as wrangling continues as to the precise terms and the degree of severe austerity demanded by the EU troika that has been negotiating the bailout. Although precise data is difficult to obtain it … Continue reading
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Greek politicians reach deal on further austerity in exchange for latest bailout unemployment over 20 %
Despite the Greek economy suffering over 20 % unemployment and 48% youth unemployment ,the European union negotiators have persuaded the Greek political leaders in the coalition government led by technocrats to accept further rollbacks including cuts in government spending amounting … Continue reading
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U.S. unemployment falls to 8.3 % Canadian unemployment rises to 7.6 %.
There was some welcome news on the U.S. unemployment front this morning as the U.S.Bureau of Labour Statistics released the latest unemployment data for the previous month. Unemployment fell from 8.5 % to 8.3 % . Since January of 2011 … Continue reading
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