Hard hitting global and local news
More Nannycrat Insanity: EU Wants to Ban Youth Unemployment Youth unemployment is shockingly high in Greece, Spain, and Italy as shown by Europe’s Most Tragic Graph by The Atlantic . Young workers in Greece and Spain are facing an absolutely egregious work drought, where half of high-school and college-graduates ready to find a job aren’t finding one
Over-two thirds of student debt is held by those well outside the normal student demographic! This trend is not entirely recession-related given that it has been steady since 2005. Someone exiting military service would be covered for 36 months of in-state education by the GI Bill .
Read the article: US Fiscal Cliff Blame Game Between Geithner, Boehner; UK Deficit Cut Taking Longer Than Planned
While pondering those questions and thoughts, please consider Obama Warns of Prolonged Talks as Republicans Rebuff Plan . President Barack Obama and House Speaker John Boehner stood their ground with opposing plans to avert the fiscal cliff and warned there was no quick path to a solution. Obama has proposed a framework that would raise taxes immediately on top earners and set an Aug
Output and new orders both continue to decline Capital goods producers register sharpest falls in production and sales Inventories and employment cut amid subdued economic outlook Summary: Operating conditions in the Japanese manufacturing sector continued to worsen in November. The deterioration was driven by falls in output, new orders and employment as the economic climate remained difficult. Amid an uncertain outlook, manufacturers also cut inventory levels and lowered purchasing activity.
View article: Reflections on Meaning of "Last Minute"; The Most Productive Workers on the Planet
According to Google translation from Le Monde , October marks the 18th consecutive month of rising unemployment .
The fully expected consequence is Student-Loan Delinquencies Now Surpass Credit Cards .
Originally posted here: Reflections on Complacency, Valuations, Bear Market Troughs, Patience