Swamp

"June US employers: 18 000 people increase - unemployment rate worsened to 9.2%, in" deep marsh "
http://www.bloomberg.co.jp/apps/news?pid=90900001&sid=adz.LDYgPzZI
Increase in the number of June US non-farm payrolls is a 18,000 person, we stayed in the most modest in the nine months. The unemployment rate unexpectedly increased. The labor market has been shown to be in the still severe situation.
When the US Department of Labor is due to the June employment statistics announced on the 8th, non-farm payrolls (office survey, seasonally adjusted) is an increase compared to the previous month 18,000 people, increased width summarizes the Bloomberg News Economists expected the central value (105,000 people year-on-year) I was far below. May and 25,000 people increased, I have been revised down to less than half of the preliminary (54,000 people year-on-year).
Unemployment rate in June, which is based on household survey rose to 9.2% (previous month by 9.1%), and became the most high level to enter this year. The market had been expected to be unchanged from the previous month. (Koryaku) "

First of all, why did we expect many analysts is the United States the unemployment rate to improve greatly, it is not know at all. Government, in particular has been rumored the financial crisis of local government, government-related employment will have no growth so (actually, 20 005 thousand decrease).


In addition, after the collapse of the bubble economy of Japan, I had to prop up employment, it was the construction industry involved in public works. At that time (up to 96 years), the Japanese government is to reduce the public business, unless extended construction employment, Japan's unemployment rate would have risen to 7-8 percent.

So, although originally I the United States also should I do the same thing, the construction industry-related employment in June was 9,000 decrease. Now even the financial crisis of the United States government has become to enliven on the newspaper, there is also the influence of the tea party, the Obama administration I have sealed the hands of large-scale fiscal stimulus.

Above, "Japan is in economics revolution reconstruction bonds 28 trillion yen large revival!" But Kinoshita teacher in has been emphasized, the collapse of the bubble economy period to be carried as "monetary policy" and "fiscal policy" in the package It does not become. In the "monetary policy only" or "fiscal policy only", you can not easily improve the employment. (Particularly a problem in deflation after the collapse of the bubble, it is employment)

In the case of Japan, because it was trying to cope with "fiscal policy only" after the collapse of the bubble economy, employment "maintenance" was the fullest (than not do is, but better to do I was is better in absolute).

In the United States, influence of Tea Party and Republican Party becomes strong, the Obama administration has tried to cope with only monetary policy (quantitative easing second edition). However, despite increased from the time of the Lehman shock the assets of FRB up to three times near, the unemployment rate does not improve.

Again is the word of Kinoshita teacher but ,,
"Rather than there is a sense that there is money, it is there meaning to be used to borrow money."
It is a story. How much also provide liquidity (reserve deposits) in the bank, if not used it is borrowed, It does not give even affect the GDP, employment does not have the improved specifications.

Quantitative easing second bullet, last month, it was terminated. President Obama aiming a second term, must be to improve the employment environment anyhow. (It is too late, but, of course TPP is also a part of the employment improvement strategy of President Obama)
If earlier the United States, but is where you would do or "'m sure if war", looking at the current withdrawal state, it also would be difficult.

America seems exactly is being fitted into the "swamp".

Approval of 3.2 billion euros to Greece financing execution: "IMF
http://www.bloomberg.co.jp/apps/news?pid=90920012&sid=aoYQSt5tfaTA
International Monetary Fund (IMF) approved a 3.2 billion euros of financing execution based on the Greek rescue program in collaboration with the European Union (EU). We made a statement in the e-mail. "

That, although short article I had listed on Bloomberg, what true.

The good technique of people in Europe, and has been fighting in accordance with certain rules, and convenience is bad in themselves there is a thing called "alter the rules." As compared to China and countries such as South Korea to ignore the rules, it is still better, but even so there is no less the case that would have stunned as it were from the Japanese. (Example: rotary engine ban in Le Mans (Matsuda hit), the rule change of the ski jump (such as Japan urged beating), and the like)
If Japanese people will want to say "whether ashamed!", But since they do not do anything, even apart from "culture of shame", you will not care.

November 2008 after the Lehman shock, Europe will suddenly change the accounting standards, we came out to the bold move of "securities held-to-maturity do not apply the fair value accounting". A result, remain such as sub-prime related write-downs have been hiding, sleeping in the balance sheet of even now the European financial institutions (as a bomb).

And, in response to the current Greek crisis, now it is not embarked on change of "rating-related rules."

"EU authorities: eager again to influence the suppression of rating agencies - in Portugal downgrade
http://www.bloomberg.co.jp/apps/news?pid=jp09_newsarchive&sid=aY.LcSNjvOGk
European policymakers have found that, in response to that the credit rating agency Moody's Investors Service has downgraded the credit rating of Portugal to junk grade (debt ineligible), condemned the major credit rating agencies, must keep its influence When I'm calling again.
Schauble finance ministers of Germany six days and asked about the Portugal downgrade, showed the view that there is a need to put an end to the ratings domination by the three major companies. "If you must suppress the influence of the rating agencies I've been saying from the previous" on which he said, was continued and the exclusive domination of these three companies to "break down" there is a need. (Koryaku) "

"ECB president: to stop the application of the collateral rules for Portugal
http://www.bloomberg.co.jp/apps/news?pid=jp09_newsarchive&sid=abbqsLc7mtfg
Trichet of the European Central Bank (ECB) is the 7th, central bank revealed that it has decided to apply discontinuation of the lowest rating rules of collateral for refinancing operations for the Portuguese government bonds.
Zoellick said at a press conference after the policy decision as "decided to stop the application of the minimum credit rating rules of the collateral eligibility requirements" in the ECB of operations "for the securities issued or guaranteed Portuguese government." "

"" European for Europe "the rating company founded - Yunker complained chairman
http://www.bloomberg.co.jp/apps/news?pid=jp09_newsarchive&sid=adHPPtuDPfrc
Eurozone Yunker chairman of finance ministers (Eurogroup) (Luxembourg Prime Minister and Treasury phase) is the 7th, for the evaluation of the eurozone countries to be more precise, the European governments, the efforts towards a European rating company founded and it called to strengthen. "

So far, terrible, while keep profit by utilizing a rating of rating agencies, and hit the the rating agencies convenience becomes bad, it is not coming as a "Europe of the rating agency establishment for Europe".

Rating agencies, was the central presence of "Global Financial" which was extended to '07. Also in the sub-prime loans, rating agencies have heavily involved.
The rating agencies, but most globalization began to negative euro that was in progress, is not can be seen the effect of "globalism of demise" is also in such a place.

In any case, swamp the euro's stuck, it is absolutely American is a troublesome than that.