According to Google translation from Le Monde, October marks the 18th consecutive month of rising unemployment. A second article from Le Monde discusses the Rise in Unemployment for October.

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Mike Shedlock

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.

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14 Comments So Far
Daddio7 Wrote: Dec 02, 2012 6:50 PM
If you attempt to control production you also have to control consumption. The world is awash in cheap steel, so what, block steel imports and make enough for domestic needs. Cheap imports are great until what you do is out sourced. Free trade only makes some people wealthy. Governments tax that wealth to support the jobless. Then the government has the support of the welfare recipient dependent on government for his very survival and the fear of the wealthy lest the government seize everything. It's all about control.
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bmoney Wrote: Nov 30, 2012 5:30 PM
Is it bad that news like this about France makes me happy?
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uvuvuv Wrote: Nov 30, 2012 11:21 AM
with france's new 75% wealth tax many of these well-off individuals will move to say switzerland or costa rica. their household staffs will be released in the process. of course a given mansion would be reoccupied but the new owners might not retain the same employees or hire as many, because of said tax.
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jvance Wrote: Nov 30, 2012 10:59 AM
Who gives a flip about the French!!!
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AudiR10 Wrote: Nov 30, 2012 3:44 PM
Ditto. Couldn't happen to a more deserving country. Let them eat crepe suzettes.
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M1946W Wrote: Nov 30, 2012 10:22 AM
Let the rioting and looting begin. Oh wait! It's been going on in France for years. At first the government asked the news media not to report it but now it's so common it's no longer considered news. Perhaps Hollande will be inspired by the original French Revolution and bring back the guillotine for uncooperative CEOs. Napoleon anyone?
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FletchforFreedom Wrote: Nov 30, 2012 9:15 AM
Most of the Left can't grasp that, over the long term, more socialist Europe has ALWAYS had much higher unemployment than the US. This has only changed over the last decade as the US has tried desperately to be even more socialist that Europe. They, and their witless leader, Obama, are fanatically embracing an economic policy that has never worked in all of human history.
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poorgrandchildren.com2 Wrote: Nov 30, 2012 8:53 AM
And the (not-liberal, not-progressive) statists in the USA still say we need to be more like "the other industrial nations in the world." Our last election proved that there are enough of them to destroy us too.
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Frank130 Wrote: Nov 30, 2012 7:41 AM
"French Unemployment Highest in 14 Years (And It's Going to Get Much Worse)"
-We can expect similar headlines in the once great USA as we continue on our suicidal path of an out-of-control welfare/warfare/police state that will send us to financial ruin sooner or later.
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Chris from Kalifornia Wrote: Nov 30, 2012 7:29 AM
The french, in their ignorance and greed are quite a ways along to committing fiscal and societal suicide. Unfortunately we are not that far behind them.
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Robert125 Wrote: Nov 30, 2012 7:22 AM
and with obama, here we come
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Barskor Wrote: Nov 30, 2012 6:59 AM
Just a perverted preview of the US with the Obamination in office.
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E1776 Wrote: Nov 30, 2012 4:44 AM
We'll have a glass of U.S. wine, while they spew their French, socialist whine.
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oldshortfatboy Wrote: Nov 30, 2012 3:16 AM
Well, they are French, so it should be no surprise.
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