Euro zone joblessness at record high, inflation up

Eurozone risk is not thing of the past, but its alive and ever more concerning. More than Eurozone, Its the slowdown of China which will drag the world markets down. Data release today shows China is barely growing. With PMI 50.1, it shows China just managed to get it head over the contraction. Below 50 means recessive.

Its called stagflation, imbeciles. When there is no employment demand, high unemployment and big deficits, the currencies DEVALUE.

I would add that “Eurosclerosis” is rearing its ugly head-the euros have added another layer of hugely expensive government (the parliament in Brussels)-with its own laws, millions of pages of regulations (job killing), and stupid bureaucracy. It is doing what it was predicted to do-kill job growth with no discernible benefit.

I thought all was well in the Workers Paradise

I said from the beginning that the Euro was a bad idea. A common currency across so large an area causes problems. We have seen this in the US for decades. By the time the economy in East Kentucky and other economic backwaters begins to pick up, “overheating” is underway in New York and California and the Fed clamps down on the money supply to “cool off” the economy. Consequently, some areas are in permanent recession.

A common currency and monetary policy over a large area results in some areas being in permanent recession. We have seen this in the US for 50 years.

Sounds like stagflation.You can’t get something for nothing,from govts.They can’t print trillions of $ and expect to just improve the economy,with no side effects.If printing currency had no downside,why didn’t all the central banks print unlimited fiat currency in the past?I suspect that European govts lie about the actual inflation rate,like the U.S. govt does.

Is it the Eurozone following the Obama model or Obama following the Eurozone model?
It doesn’t matter, as neither are working except to SCREW UP EVERYTHING…