Italy and Spain are suffering Great Depression levels of unemployment. Collectively, there population is roughly 105 million, which is nearly one-third of the eurozone’s total population of roughly 330 million.
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This post is a copy of the updated permanent page of employment charts. Total and Full Time Employment Updated June 3, 2012 The number of…
Weekly initial jobless claims actually were down by approximately 16,000. That’s the actual not seasonally fudged number taking into account the fact that these are…
Following the bubble, the housing market’s pain has been deep and persistent.
This isn’t merely a cyclical downturn. Even six years after the market peaked, the healing process has not yet begun. The industry isn’t in recession: it’s in a depressi…
David Rosenberg of Gluskin Sheff joined Consuelo Mack on Wealth Track this weekend to discuss his outlook for the economy. Rosenberg isn’t just bearish. He say the US economy is in a modern day depression similar to what Japan has suffered from f…
Warren Buffett on CNBC: ‘Not Clear’ Europe Has Will or Ability to Resolve Crisis
Published: Monday, 14 Nov 2011 | 6:18 AM ET
Warren Buffett says it’s not clear Europe has the will or ability to do “whatever it takes” to resolve its debt crisis.
He …
Dr. Doom has given up hope for Greece
. In an FT piece, he says it’s time for Greece to default and abandon the euro.
The basic idea — which he outlined in a research piece a piece on Friday — is that Greece under the euro will lead to years and …
How poor are we, as Americans? There are all sorts of ways to measure the poverty of our lives: income, possessions, health, houses, even height. Depending on one’s personality and position, there is also the matter of whether others around us are…