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Thread: Private job losses mount, ominous for payrolls

  1. #101
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    Re: Private job losses mount, ominous for payrolls

    Whats the unemployment rate of Europe that you claim is doing so much better as compared to the US?

    Germany: 10.8% (2006 est)
    Country Fast Facts: Germany, - CBS News

    UK: 5.3% (2007 est.)
    https://www.cia.gov/library/publicat.../print/uk.html

    France: 7.9% (2007 est.)
    https://www.cia.gov/library/publicat...s/fr.html#Econ

    And those don't take into account the recent downturn in economies worldwide. You've posted about Spain's going up. If the US' economy continues to slow what do you think is going to happen to the European economy where every country exports about 10% to the US and only imports about 5% from the US?

    Things aren't good--this isn't a dot com boom--but its nowhere close to a disaster or even something to be overly worried about at this point.
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  2. #102
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    Re: Private job losses mount, ominous for payrolls

    Quote Originally Posted by Maximus Zeebra View Post
    Nah, socialism is most likely the reason why European economies are so resilient even when the US and the UK is collapsing.
    Are you serious?

    "Resilient"? For you... If that word were a sound, would it be like a toilet flushing?

    Europe is anything but resilient. Ask Gerhard Schroeder. He said he would cut unemployment in half and doubled it like a good socialist... and during pretty good economic times for much of the world.

    When EU nations have progress, it is from cutting away the socialism. Offering Flat tax rates of 10 and 20%. Having lower corporate tax rates.

    Europe vs. the USA?

    A study was done by a group of Swedish economists at a group called Timbro. They found the best European countries are equal to the bottom five States in the US. Mississippi, Alabama, Arkansas and the like.

    http://www.timbro.se/bokhandel/pdf/9175665646.pdf
    Last edited by zimmer; 01-13-09 at 02:26 AM.

  3. #103
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    Re: Private job losses mount, ominous for payrolls

    Quote Originally Posted by scourge99 View Post
    Whats the unemployment rate of Europe that you claim is doing so much better as compared to the US?

    Germany: 10.8% (2006 est)
    Country Fast Facts: Germany, - CBS News

    UK: 5.3% (2007 est.)
    https://www.cia.gov/library/publicat.../print/uk.html

    France: 7.9% (2007 est.)
    https://www.cia.gov/library/publicat...s/fr.html#Econ

    And those don't take into account the recent downturn in economies worldwide. You've posted about Spain's going up. If the US' economy continues to slow what do you think is going to happen to the European economy where every country exports about 10% to the US and only imports about 5% from the US?

    Things aren't good--this isn't a dot com boom--but its nowhere close to a disaster or even something to be overly worried about at this point.
    http://epp.eurostat.ec.europa.eu/pls...2009-EN-AP.PDF

    Those numbers are OLD..
    November numbers..

    Eurozone(15 nations), 7.8%, up from 7.2% November 2007.
    EU 27, 7.2%, up from 6.9% November 2007.

    Germany 7.1% DOWN from 8% November 2007.
    France 7.9% up from 7.8% November 2007.
    UK 5.9% (September), up from 5% November 2007.


    The increase is not dramatic at all in Europe. The most dramatic is the UK, of the big ones. Of all, its most severe in eastern Europe as a region. and Spain.

    So yes, my claim is completely valid, we are doing FAR better than the US when it comes to stability. You have lost 3% in just 1 year.
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    Re: Private job losses mount, ominous for payrolls

    Quote Originally Posted by zimmer View Post
    Are you serious?

    "Resilient"? For you... If that word were a sound, would it be like a toilet flushing?

    Europe is anything but resilient. Ask Gerhard Schroeder. He said he would cut unemployment in half and doubled it like a good socialist... and during pretty good economic times for much of the world.

    When EU nations have progress, it is from cutting away the socialism. Offering Flat tax rates of 10 and 20%. Having lower corporate tax rates.

    Europe vs. the USA?

    A study was done by a group of Swedish economists at a group called Timbro. They found the best European countries are equal to the bottom five States in the US. Mississippi, Alabama, Arkansas and the like.

    http://www.timbro.se/bokhandel/pdf/9175665646.pdf
    Actually, he pretty much did that. Germany unemployment rates are now at 7%, down from a year ago at 8%, and if I am not mistaken down from several years ago at a rate of around 12%.. So actually the rate is almost halved. Even the last few months the unemployment rate has gone down in Germany.

    Who care about GDP anyways? Those same people(in the US) also work double as hard as Europeans, and our economies are far denser, meaning, our real development is far higher. By many means of measuring European economies are far richer than most parts of the state. But the again, that there PDF is pretty old also, if you measure even the GDP now, European states would be far ahead, because that survey was done when the Euro was weak.
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    Re: Private job losses mount, ominous for payrolls

    Quote Originally Posted by Maximus Zeebra View Post
    http://epp.eurostat.ec.europa.eu/pls...2009-EN-AP.PDF

    Those numbers are OLD..
    November numbers..

    Eurozone(15 nations), 7.8%, up from 7.2% November 2007.
    EU 27, 7.2%, up from 6.9% November 2007.

    Germany 7.1% DOWN from 8% November 2007.
    France 7.9% up from 7.8% November 2007.
    UK 5.9% (September), up from 5% November 2007.


    The increase is not dramatic at all in Europe. The most dramatic is the UK, of the big ones. Of all, its most severe in eastern Europe as a region. and Spain.

    So yes, my claim is completely valid, we are doing FAR better than the US when it comes to stability. You have lost 3% in just 1 year.
    So the worst US unemployment rate in recent history is the AVERAGE EU rate. Notice those figures are 2 years old as our 7% rating is supposedly current.
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    Re: Private job losses mount, ominous for payrolls

    Quote Originally Posted by scourge99 View Post
    So the worst US unemployment rate in recent history is the AVERAGE EU rate. Notice those figures are 2 years old as our 7% rating is supposedly current.
    The numbers I showed you are current(the numbers you showed are old). And the unemployment rate in the US is not the worst ever.. Its the worst since the 90s.

    I am only trying to show you that your economic collapse is more drastic and dangerous than you think it might be, especially since Europeans aren't loosing jobs at all. Thats actually a lie, overall we have lost 0.7% since last year, while you lost 3%+...
    Europe is illegally occupied by the US

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    Re: Private job losses mount, ominous for payrolls

    Quote Originally Posted by Maximus Zeebra View Post
    The numbers I showed you are current(the numbers you showed are old).
    and they show that our unemployment rates are now about equal.

    And the unemployment rate in the US is not the worst ever.. Its the worst since the 90s.
    I didn't say "ever". I'll check it when I get home.

    I am only trying to show you that your economic collapse is more drastic and dangerous than you think it might be, especially since Europeans aren't loosing jobs at all. Thats actually a lie, overall we have lost 0.7% since last year, while you lost 3%+...
    We have lost 3% which now puts us at what your rate is. If 7% is bad then you guys have been doing bad for a long time.
    If you believe in the Supernatural then you can become a millionaire!

    Questioning or criticizing another's core beliefs is inadvertently perceived as offensive and rude.

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    Re: Private job losses mount, ominous for payrolls

    Quote Originally Posted by scourge99 View Post
    and they show that our unemployment rates are now about equal.
    Correction: our rate is an expected 7.0% to 7.2%. The EU rate is 7.8% and has been in the 7% range for over a year.
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  9. #109
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    Re: Private job losses mount, ominous for payrolls

    the economy? Yes, its bad - Worse than the 1983 crash, but not as bad as 1929. I think the biggest contributing factor this time was the dismantling of the Glass-Steagall Act, that had effectively walled the Banking, Insurance, and Stock market sectors from each other so that, if one sector went down, it would not take the other sectors down with it. Who is responsible, you ask? Bush? Clinton? Republicans? Democrats? They are ALL responsible. In 1999, the Gramm-Leach-Bliley Act was passed, thus removing the protection that Glass-Steagall had provided. The authors of the bill were Republicans, but the bill was signed into law by Bill Clinton, a Democrat.

    Plenty of blame to go around here, folks, but all I see is finger pointing. Since this bill was signed into law, our current economic crises cannot really be pinned only on Bush. Sure, under Bush, we spent like drunken sailors, and that also contributed heavily to the economic problems we now face. But taking down the Glass-Steagall protection was NOT Bush, and that contributed more heavily to the mess we are in. However, we can pin the dismantling of Glass-Steagall directly on the Republican party itself, as well as the Democratic party. Like I always say, it takes two to tango, and in 1999, the Democrats and Republicans were perfect dancing partners. Let's call their dance the "Over the Cliff Tango". Even without the crazy spending under Bush, we were headed for trouble. Bush may have made it worse, but he did not instigate it.
    Last edited by danarhea; 01-14-09 at 12:56 AM.
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    Re: Private job losses mount, ominous for payrolls

    Quote Originally Posted by scourge99 View Post
    and they show that our unemployment rates are now about equal.
    Yep, they certainly do.

    Quote Originally Posted by scourge99 View Post
    I didn't say "ever". I'll check it when I get home.
    My mistake, you said "in modern times" or something along those lines.

    Quote Originally Posted by scourge99 View Post
    Correction: our rate is an expected 7.0% to 7.2%. The EU rate is 7.8% and has been in the 7% range for over a year.
    True..

    Quote Originally Posted by scourge99 View Post
    We have lost 3% which now puts us at what your rate is. If 7% is bad then you guys have been doing bad for a long time.
    Yes, we have, our unemployment have averaged 10%.. Now its down to 7%, and the general long term trend now is for its decrease. Even in time of crisis it is still resilient and staying rather stable, while the US unemployment is shooting through the roof.. That curve is pretty scary, you ought to care and try to do something about it!
    Europe is illegally occupied by the US

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