From: Adam <""4thwormcastfromthemolehill\"{at}the field.near
the bridge">


> But hey the Euro is doing great!!!!!    ROFL.  Those two paragraphs so
> funny and so true and so predictive of what's to come for them.  Maybe
> once the muslims take over in Europe and sharia law is implemented they
> will be able to get those vacations and unions under control.  I don't
> think the Koran provides for union breaks or unions at all.  And they
> won't have a problem with unemployment, because all the women will be
> forced out of jobs and out of schools and won't any longer be counted as
> part of the workforce statistics.
>
> Gary

It's doing better than the Dollar & US economy

"Analysts have been stumped by the apparent resilience of the U.S.
economy, which seemed to be bounding ahead at a 3.5 percent pace in the
final quarter of last year even as the housing market fell and the Federal
Reserve raised interest rates.

The paradox has been solved: The economy was not bounding. The Commerce
Department reported Wednesday that economic growth inched ahead by 2.2
percent in the fourth quarter of last year, only slightly faster than the 2
percent growth recorded in the third quarter and far below the economy's
long-term trend rate of growth.

The downward revision in the preliminary estimate of gross domestic
product, of 1.3 percentage points, was almost three times as big as the
average adjustment since the early 1980s, of 0.5 percentage points.

Coupled with a reported 17 percent decline in new-home sales in January and
a 7.8 percent drop in February in orders of durable goods like computers
and washing machines, the new data indicated the economy had been much
weaker than it seemed.

"I think we are going to discover that the economy is softer than the
Fed thinks," said Robert Barbera, chief economist at ITG in New
York."

Never mind, when the Latinos take over they will force you to lie around at
midday for a couple of hours so at least you'll de-stress about your
decline.

Adam

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