Global Economy Bursting?

[Randolph Kinney]

Retail Workweek Hits 3-Year Low In ObamaCare Shift

http://news.investors.com/ibd-edito...l-leisure-jobs-hours-down-obamacare-looms.htm

The conversion of full time to part time job economy - get use to it.

 

[Randolph Kinney]

In Hard Economy for All Ages, Older Isn’t Better ... It’s Brutal

http://www.nytimes.com/2013/02/03/b....html?nl=todaysheadlines&emc=edit_th_20130203

Young graduates are in debt, out of work and on their parents’ couches. People in their 30s and 40s can’t afford to buy homes or have children. Retirees are earning near-zero interest on their savings.

In the current listless economy, every generation has a claim to having been most injured. But the Labor Department’s latest jobs snapshot and other recent data reports present a strong case for crowning baby boomers as the greatest victims of the recession and its grim aftermath.

These Americans in their 50s and early 60s — those near retirement age who do not yet have access to Medicare and Social Security — have lost the most earnings power of any age group, with their household incomes 10 percent below what they made when the recovery began three years ago, according to Sentier Research, a data analysis company.

 

[Workbox]

RK, at the Home Depot many full timers are leaving and being replaced by part timers where it should be full time. They are stream lining by having full timers covering other departments.

 

[Terrel L. Shields]

those near retirement age who do not yet have access to Medicare and Social Security — have lost the most earnings power of any age group

Among the farmers that are going bankrupt I cannot think of one under 50 yr old. I can think of some over 65 who for the first times in their adult life are broke.

 

[Big ole Boy]

Inverse relationship between DOW & Europes weather

The higher the temperature in Europe rises as spring approaches ... will allow the mobs to resume their unrest and the global picture will change.

 

[Terrel L. Shields]

[url]http://www.presstv.com/detail/2013/02/03/287108/eu-moving-towards-breakup/[/URL]

[url]http://money.cnn.com/2013/02/04/investing/europe-markets-politics/[/URL]

The banking scandel in Italy has reduced the chances of a clear electoral outcome in three weeks, and allegations of corruption are shaking the government of Mariano Rajoy in Spain

"It turned out to be very helpful in removing the risk for the euro as such," Draghi said at the World Economic Forum in Davos, Switzerland, referring to the bond-buying plan. "But we haven't seen an equal momentum on the real side of the economy, that's where we will have to do much more."

Remarks were made after the IMF predicted another year of negative growth in Europe...

Fade left....

 

[Pittsburgh Pete]

Yep, them austerity measures were certainly the ticket!

 

[Restrain]

The European govt is setting up operations to try to influence national elections as unrest and movements to exit the Euro gain traction.

 

[Terrel L. Shields]

them austerity measures were certainly the ticket!

Yes, default would have been much better then everyone could reprice their currency in their native currency and we'll all race to the bottom in protectionist legislation.... oh, we did that once, didn't we?

 

[nm505]

Yes, default would have been much better then everyone could reprice their currency in their native currency and we'll all race to the bottom in protectionist legislation.... oh, we did that once, didn't we?

Iceland has had its pain but chose the default path and is on their way back.
http://www.bbc.co.uk/news/world-europe-20936685
Should be noted they put bankers in jail that caused some of the problems.
http://current.com/blog/93947176_icelands-economy-recovering-well-after-bankers-jailed.htm