Tuesday, July 3, 2012

Contrary Indicators: Signs Of Our Own Bottoming In Germany

As seen here:


The euro crisis hasn't yet reached the German labor market. Last week, Frank-Jürgen Weise, head of the Federal Employment Agency (BA), announced a new jobless low: With 2.8 million people out of work, the unemployment rate had declined to 6.6 percent, the lowest level in 21 years.

A growth boom builds in America, silently waiting to spring, like a patient but hungry cat, coiled for its prey.