Friday, February 10, 2012

Greece’s debt rose to 159.1% of GDP in Q3 of 2011 from 138.8% year earlier; Ireland's rose from 88.4% to 104.9%

[mEDITate-OR:
not notice that Ireland is sinking, once again...
now, with absolutely nothing to borrow against.
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Next year we will be able to buy Jameson's irish whiskey and Guinness really, really cheap.
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The Eurozone (EA17) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
The EU27 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK)
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Greece’s debt rose to 159.1% of GDP in Q3 of 2011
from 138.8% year earlier;
Ireland's rose from 88.4% to 104.9%
http://www.finfacts.ie/irishfinancenews/article_1023884.shtml
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US Trade Deficit now equal to the last year in W's term of office

[mEDITate-OR:
assume that the recession must be over...
the trade deficit is now as large as it was when the collapse began.
See, we really ARE back to normal.
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Tradebalance-021012.jpg
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US goods and services trade deficit was $558.0bn in 2011
- up $58bn on 2010

http://www.finfacts.ie/irishfinancenews/article_1023914.shtml
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China's Trade Surplus = up in Dec and for the year and against U.S.

[mEDITate-OR:
not appreciate the "cushion" that China creates for itself
to protect themselves from U.S. and from Europe
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Some notice Germany does that, Canada does that, Japan does that, Russia does that and even Australia does that.
More like U.S. are: Greece, Ireland, Spain, Portugal - just a bunch of PIIGS.
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Canada's Trade Surplus doubles

[mEDITate-OR:
not notice that the Loonie is back UP, and so is the Trade Surplus.
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German Exports Slump Most Since Jan 09 = exports top trillion euro mark + German Industrial Output Falls Unexpectedly In Dec = Trade Figures Pose Growth Risk

[mEDITate-OR:
not learn that Germany is throwing out their "baby"...
along with Greece's bathwater.
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However, there are those who have been to Greece...
who tell U.S. that The Greeks don't take baths.
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Exports down by 4.3% in December. Industrial production down by 2.9% in the same month.
An economy on the skids? It certainly looks that way.
Are we talking about Greece? No. Portugal? Think again.
The economy in question here is Germany,
which has started to post the sort of data that smacks of a double-dip recession in Europe's biggest economy.
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[EUECON]
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germanexports-020812.jpg
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Gremanindoutput-020712.jpg
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German exports fell in December;
Exports rose 11.4% in 2011 to €1.06trn
http://www.finfacts.ie/irishfinancenews/article_1023892.shtml
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Austerity is turning Germany into a basket case too
http://www.guardian.co.uk/business/economics-blog/2012/feb/08/austerity-germany-basket-case
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German Exports Slump Most Since Jan 09
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German Industrial Output Falls Unexpectedly In December
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Trade Figures Pose Growth Risk
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Tuesday, February 7, 2012

NP = Envisioning Employment: Employment Situation Jan = Full Time Workers Fully Under Pressure + Recovery-less Recovery: Unemployment Duration + On The Margin: Total Unemployment

[mEDITate-OR:

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Envisioning Employment: Employment Situation Jan
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Full Time Workers Fully Under Pressure
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Recovery-less Recovery: Unemployment Duration
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On The Margin: Total Unemployment
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NP: On The Stamp: Food Stamp Participation Nov

[mEDITate-OR:
pretend that even after we cut off their UI benefits...
they will still be entitled to, and need, food stamps for their children to eat.
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On The Stamp: Food Stamp Participation Nov
http://paper-money.blogspot.com/2012/02/on-stamp-food-stamp-participation.html
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NP = Economic Jolt: Job Openings and Labor Turnover Dec = BLS: Job Openings increased in December

[mEDITate-OR:
not notice something VERY important, if true...
"Voluntary Quits" declined sharply in December..!!!
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We NEED to know IF it is true and WHY it happened.
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Economic Jolt: Job Openings and Labor Turnover Dec
http://paper-money.blogspot.com/2012/02/economic-jolt-job-openings-and-labor.html
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BLS: Job Openings increased in December
http://www.calculatedriskblog.com/2012/02/bls-job-openings-increased-in-december.html
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