Germany's Unemployment Rate at Record Low since '92!!!!

[dawgball]

http://www.iht.com/articles/ap/2008/09/30/business/EU-Germany-Economy.php

The unemployment rate in Europe's biggest economy was 7.4 percent, down 0.2 percent from August when the rate stood at 7.6 percent, the federal employment office said.

They are celebrating 7.4%. We are screaming bloody murder at 6.1%.

I guess it's all about perspective.

 

[DOGS THAT BARK]

--funny how media's daily assortment of negative hype make so many actually agree with peosi's/liberals assessment of worst econmoy since great depression.


The jobless rate jumped to 25% by 1933; it is little more than 6% today.
The gross domestic product shrank by 25% during the early 1930s; it is up over 3% during the past year.
Consumer prices fell by about 30% from 1929 to 1933; and the last time I looked they were still rising.
Home prices dropped more than 30% during the Depression vs. about 16% today.
Some 40% of all mortgages were delinquent by 1934 compared with 4% today.
In the 1930s, more than 9,000 banks failed compared with fewer than 20 over the past couple of years.

:violin:

 

[StevieD]

--funny how media's daily assortment of negative hype make so many actually agree with peosi's/liberals assessment of worst econmoy since great depression.


The jobless rate jumped to 25% by 1933; it is little more than 6% today.
The gross domestic product shrank by 25% during the early 1930s; it is up over 3% during the past year.
Consumer prices fell by about 30% from 1929 to 1933; and the last time I looked they were still rising.
Home prices dropped more than 30% during the Depression vs. about 16% today.
Some 40% of all mortgages were delinquent by 1934 compared with 4% today.
In the 1930s, more than 9,000 banks failed compared with fewer than 20 over the past couple of years.

:violin:

So, why are the for the bailout?

 

[ImFeklhr]

--funny how media's daily assortment of negative hype make so many actually agree with peosi's/liberals assessment of worst econmoy since great depression.


The jobless rate jumped to 25% by 1933; it is little more than 6% today.
The gross domestic product shrank by 25% during the early 1930s; it is up over 3% during the past year.
Consumer prices fell by about 30% from 1929 to 1933; and the last time I looked they were still rising.
Home prices dropped more than 30% during the Depression vs. about 16% today.
Some 40% of all mortgages were delinquent by 1934 compared with 4% today.
In the 1930s, more than 9,000 banks failed compared with fewer than 20 over the past couple of years.

:violin:

But if this week represents the beginning of something bad, you can't compare what happened in 2007 to 1934

You have to compare what happens during the rest of this year to what happened in 1929 etc.

I hope we aren't headed for nearly as bad of a depression, but here is a handy guide for comparison sake:

2006=1927
2007=1928
2008=1929
2009=1930
2010=1931
2011=1932
2012=1933
2013=1934 (GDP bottoms out)
2014=1935
2015=1936
2016=1937
2017=1938
2018=1939 (WW3?)

That is a long time-line, if things did synch up. :wall:

 

[DOGS THAT BARK]

I been through Carter admin with double diget unemployment rates -inflation- and prime interest rates---and weathered the storm.

Concerned of current economy-Yes
--but I've been through MUCH worse and at time in life I was most venerable.

 

[THE KOD]

I dont think you can compare Germany's unemployment rate to Americas.

The differance in population and age of available workers would make it not valid.

 

[dawgball]

I dont think you can compare Germany's unemployment rate to Americas.

The differance in population and age of available workers would make it not valid.

Interested in what makes this so.

Innocently curious,
dawgball

 

[saint]

--but I've been through MUCH worse and at time in life I was most venerable.

Are you a judge? Introducing the venerable DOGS THAT BARK

 

[rusty]

Thats Great news!@!

 

[Agent 0659]

Oh sure, there's plenty of $7/hr jobs. But no careers.

Just stick around boys, it will get MUCH worse!

 

[ImFeklhr]

--but I've been through MUCH worse and at time in life I was most venerable.

Don't forget there are tons of us who are still very vulnerable (if that's what you meant... if you meant venerable, then i take it back.)...

Everyone isn't at a point in life to profit from this downturn in the stock market. A huge swath of the population is just screwed.

 

[dawgball]

I don't think our economy is in pristine condition, but I also 100% believe that we are going to make it through this just fine.

But you better get ready to PROVE YOURSELF as an employee, employer, vendor, buyer, whatever.

For all of the "we're totally ****ed", then I guess you are.

I'm 33, and I'm ready for the fight. I hope that this is a nice slap in the face to our lazy ass country and we start to realize that being pampered is not cheap.

The people who have it the worst are the recently retired who are going to have to greatly change their retirement plans. Those are the only people that I have any time for feeling sorry for. Everyone else needs to get out there and EARN something.

There's a radio commercial on around here now. It goes:

"Are you one of the thousands of Middle Tenneesseans who were FORCED to sign a variable rate home loan....?"

WHAT THE FECK IS THAT?

FORCED to buy a home that you couldn't afford?

FECK YOU!

 

[StevieD]

I don't think our economy is in pristine condition, but I also 100% believe that we are going to make it through this just fine.

But you better get ready to PROVE YOURSELF as an employee, employer, vendor, buyer, whatever.

For all of the "we're totally ****ed", then I guess you are.

I'm 33, and I'm ready for the fight. I hope that this is a nice slap in the face to our lazy ass country and we start to realize that being pampered is not cheap.

The people who have it the worst are the recently retired who are going to have to greatly change their retirement plans. Those are the only people that I have any time for feeling sorry for. Everyone else needs to get out there and EARN something.

There's a radio commercial on around here now. It goes:

"Are you one of the thousands of Middle Tenneesseans who were FORCED to sign a variable rate home loan....?"

WHAT THE FECK IS THAT?

FORCED to buy a home that you couldn't afford?

FECK YOU!

Why do you give a free pass to those educated profesionals who approved the loan?

 

[The Sponge]

But you better get ready to PROVE YOURSELF as an employee, employer, vendor, buyer, whatever.

For all of the "we're totally ****ed", then I guess you are.

I'm 33, and I'm ready for the fight. I hope that this is a nice slap in the face to our lazy ass country and we start to realize that being pampered is not cheap.


FECK YOU!

Cmon dawg you are one of the conservative who i actually think is a good conservative that does the right things but what i will never understand is a lot of you guys seem to never factor in greed. If i could work circles around a guy but get paid 20 dollars an hour my job is gone to a third world sweat shop employee who is gonna make ten cents an hour. Some employers just can't make enough money. Im not against them making as much as they can but when they are making 100 million a year like Phil Night of Nike but needs 800 million and hop to another country and take advantage of poor people, to me this is un American. Some of these guys will never have enough. Why i will never buy a Nike product the rest of my life.

 

[dawgball]

Why do you give a free pass to those educated profesionals who approved the loan?

Why do they have to be mutually exclusive?

Roast those son of a bitches, too!

But don't come to me with a fecking sob story about being foreclosed on when you "bought" a house that was WAY THE FECK out of your financial reach.

Personal accountability is what this is about!

This goes for all of the parties: the companies who were greedy; the mortgage brokers themselves that KNEW the loans were bogus but wanted the commissions; AND the people who went and thought that this was their time to compete with the Jones's and buy a bigger house than they should.

 

[dawgball]

Cmon dawg you are one of the conservative who i actually think is a good conservative that does the right things but what i will never understand is a lot of you guys seem to never factor in greed. If i could work circles around a guy but get paid 20 dollars an hour my job is gone to a third world sweat shop employee who is gonna make ten cents an hour. Some employers just can't make enough money. Im not against them making as much as they can but when they are making 100 million a year like Phil Night of Nike but needs 800 million and hop to another country and take advantage of poor people, to me this is un American. Some of these guys will never have enough. Why i will never buy a Nike product the rest of my life.

I am 100% for CEO pay package reform. But there is only one way to do it correctly. The companies themselves have to realize the gains that they will receive from restructuring future deals.

And what we can do about it is only support those companies that do.

Once again, personal responsibility. But if we, as the consumers, continue to support the companies that are ram-rodding us, then it's just as much our fault.

And don't cry to me about overseas jobs, either. It's our job to make our country attractive to both domestic and foreign companies. We can do it. We just have to STOP being pampered pussies and get to WORK.

 

[StevieD]

Why do they have to be mutually exclusive?

Roast those son of a bitches, too!

But don't come to me with a fecking sob story about being foreclosed on when you "bought" a house that was WAY THE FECK out of your financial reach.

Personal accountability is what this is about!

This goes for all of the parties: the companies who were greedy; the mortgage brokers themselves that KNEW the loans were bogus but wanted the commissions; AND the people who went and thought that this was their time to compete with the Jones's and buy a bigger house than they should.

I can go along with that but you only mentioned the guy losing his house in your post. :toast:

 

[dawgball]

I can go along with that but you only mentioned the guy losing his house in your post. :toast:

It was a direct response to the bullshit radio ad. I'm sick of the coddling.

:SIB

 

[dawgball]

Man, I'm on fire this morning. I must have slept great last night!

:142smilie

 

[StevieD]

It was a direct response to the bullshit radio ad. I'm sick of the coddling.

:SIB

Sick of Coddling the CEO's and Exec's and their Golden Parachuets? As far as I can see they don't seem any smarter than anybody else. Greedier and more crooked maybe but not smarter. I just had to throw that in.