Jobs are EVAPORATING around the world
March 31 (Bloomberg) -- Japan’s unemployment rate rose and job openings disappeared at the fastest pace in more than 30 years as the export-led recession spread to households.
The unemployment rate climbed to 4.4 percent from 4.1 percent in January, the statistics bureau said today in Tokyo. The median estimate of 35 economists surveyed by Bloomberg was for 4.3 percent. The ratio of jobs available to each applicant tumbled to 0.59 last month from 0.67, the biggest drop since December 1974, the Labor Ministry said.
The job evaporation issue is not limited to the United States. The slow down is being felt everywhere. China lost 20 million jobs in Q4. People protesting all across Europe. Japan seeing jobs disappear at the fastest rate in 30 years.
We are all in this together.
I tried to warn you....this will be economically MUCH WORSE than anything you have seen before...but it is NOT the end of the world....grab a bloody and ride the wave.
Modern Portfolio Theory vs. Concentric Contraction by Alstrynomics.... which one should be up for a nobel prize???