Recently the BBC reported that US Unemployment reached 7.6% in January 2009, a rise of 0.4% from December. As Americans, we have to put this into some perspective. France’s unemployment rate was exactly 7.6% just a few months ago . Since many in the EU expect France’s unemployment rate to reach over 10% this coming year, and as other countries like Spain brace for over 13% unemployment, it leaves many to wonder whether the U.S. will undergo a similar year.
This should put into perspective the tenuous nature of any economy, whether they be ultra-capitalist like the U.S. or more social-capitalist like France.
Great time to be in Forex – if you know what you’re doing.
