I am a regular "Joe" may be not a plumber but a regular average next door guy who is concerned with USA economy. Currently underemployed and with a $ 250 000 in student loans and with a bankruptcy filed not long time ago my passion for the state of the economy arouse ... My purpose is to gather information from different journals and or blogs and help those fellows americans interested in the economy have a broader perception of what really is happening.
According to BBC the crude is $84 (brent) while texas crude is $85 the barrel, the yen, pound and euro were gaining terrain against the dollar ... What this means? a rise on prices...Now the article that I am posting shows that France is showing an increase on demands which has propelled the manufacturing industry...the increase on demand is mainly due to developing countries (asia) which are leading the sustainable production in europe and many other countries...yet due to price increases manufacturing costs are high and as consequence the profits are less which translates in more unemployment...thats why the french government decided to lower the growth rate to .2% from .4% .... my question is: is there any resemblance with USA economy...if you read through you can think they are talking about USA rather than Frane
According to BBC the crude is $84 (brent) while texas crude is $85 the barrel, the yen, pound and euro were gaining terrain against the dollar ... What this means? a rise on prices...Now the article that I am posting shows that France is showing an increase on demands which has propelled the manufacturing industry...the increase on demand is mainly due to developing countries (asia) which are leading the sustainable production in europe and many other countries...yet due to price increases manufacturing costs are high and as consequence the profits are less which translates in more unemployment...thats why the french government decided to lower the growth rate to .2% from .4% .... my question is: is there any resemblance with USA economy...if you read through you can think they are talking about USA rather than Frane
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