US unemployed for over 26 weeks 1969 – 2011: chart of the day
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Nicola Acocella (Italy, University of Rome) Robert Costanza (USA, Portland State University) Wolfgang Drechsler ( Estonia, Tallinn University of Technology) Kevin Gallagher (USA, Boston University) Jo Marie Griesgraber (USA, New Rules for Global Finance Coalition) Bernard Guerrien (France, Université Paris 1 Panthéon-Sorbonne) Michael Hudson (USA, University of Missouri at Kansas City) Frederic S. Lee (USA, University of Missouri at Kansas City) Anne Mayhew (USA, University of Tennessee) Gustavo Marqués (Argentina, Universidad de Buenos Aires) Julie A. Nelson (USA, University of Massachusetts, Boston) Paul Ormerod (UK, Volterra Consulting) Richard Parker (USA, Harvard University) Ann Pettifor (UK, Policy Research in Macroeconomics) Alicia Puyana (Mexico, Latin American School of Social Sciences) Jacques Sapir (France, École des hautes études en sciences socials) Peter Söderbaum (Sweden, School of Sustainable Development of Society and Technology) Peter Radford (USA, The Radford Free Press) David Ruccio (USA, Notre Dame University) Immanuel Wallerstein (USA, Yale University)
Amen.
Regularly recurring recessions – there must be something wrong with the system.If this was an engine any competent mechanic would soon diagnose the problem and fix it.
Bloody Impressive chart!
BIS quarterly leaves no more doubts on German history of delay tactics concerning Greece.
Click to access r_qt1106.pdf
Utterly disgusting, disgrace, you name it, to read on their demands for more austerity and selling of assets. They just don’t care about people loosing jobs and income, all this BS talk about stability and growth, they are so disconnected from the real world in their fantasy economy, the god damn spread sheet schizophrenics…. sorry, it really gets to me at times…. They are slaughtering Greece, simple as that. :(
Forgot to say, as for BIS, german banks in it for E23bln.