Posts : 363 Join date : 2008-02-16 Location : In the belly of the beast
Subject: Massive Job Losses in the United States Sat Mar 08, 2008 9:47 am
This last month of February has reported a total of 63,000 job loses in the United States. Most of these are not agricultural jobs, rather they jobs in the service/manufacturing industry. Many economists attribute the job losses to increases in the subprime mortgage rates on housing.
Subject: Re: Massive Job Losses in the United States Sat Mar 08, 2008 10:39 am
This was inevitable considering that for some time now there has been a growing imbalance between financial capital and production but such affects as this were delayed by purchases from China and Vietnam as their governments can still allocate and reallocate capital thus keeping them from falling into capitalist cycles and subsequent recessions and depressions.
mattabesta Chairman of the Supreme Council
Posts : 3936 Join date : 2007-12-23 Age : 29 Location : Iceland
Subject: Re: Massive Job Losses in the United States Sat Mar 08, 2008 1:43 pm
theas loans should be illegal they are too risky and can put the econamy in danger. this is the biggest problem with capitalism, BOOM and BUST
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Subject: Re: Massive Job Losses in the United States
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Subject: Massive Job Losses in the United States 
Sat Mar 08, 2008 9:47 am
