Watching the news lately can be quite depressing. Sure, the world is in the toilet and we all know it. Overzealous jerks make wild bets, things go wrong, banks (private and central) collapse, businesses can’t do business. Then they fire people. And this is where trouble begins for everyone. In College, I always wondered why the indisputable variable for measuring the health of an economy was unemployment rate instead of growth. As of a year ago, I stopped wondering. Unemployment numbers are the nightmare of any politician, executive, analyst, investor, factory worker, journalist… They trigger social unrest, increase crime and divorce rates, install an atmosphere of distrust and ultimately topple governments. Berlusconi and Zapatero know what I’m talking about. Careful, Obama.
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