Saturday, July 18, 2009

Unemployment continues to reside at elevated levels

Spain is currently at 18.70%
Turkey at 14.90%
Ireland at 11.90%
Poland at 10.80%
France at 9.30%

All reside in Europe and have seen very little in terms of a turnaround. We might be one third in this financial credit crunch and face some near term challenges going forward. Once this near term equity bull market subsides employment may continue to find its balloon about to burst.

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