 sgtdmski wrote: Quote:
Yet we enjoy an unemployment rate of under 5%. Have the highest GDP of any country, only being out matched by the whole EU. Our GDP is 3 times higher than our nearest competitor, Japan.
So it would seem that despite your claims, something is still working right. We do not have double digit unemployment like the EU, and only as a whole can the out produce us.
| It was reported, in the New York Times:
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November 25, 2006 -- The dollar dropped sharply yesterday against a range of major currencies, with the euro breaking through $1.30 for the first time in a year and a half. The fall highlighted concerns about softness in the American economy as economies abroad continue to expand.
The currency sell-off came as investors weighed a number of issues that complicate the prospects of the United States in the coming months, including a huge trade imbalance with China and a slowing domestic housing market. On top of that, economic growth in some European countries is gaining momentum, threatening to siphon investment away from the dollar.
From Bloomberg News:
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September 14, 2006 -- Foreclosures on prime adjustable-rate mortgages rose to a four-year high in the second quarter, a sign that more homeowners with good credit ratings are having trouble paying their bills.
Last edited by indago; 11-26-2006 at 10:54 AM.
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