krause, you're a german who badmouths other ethnic situations and your own
country of origin is also forcing some on unemployment out to prostitution
and cutting off their unemployment insurance benefits, because prostitution
is legal in germany. krause, you are a class act of ethics and values. Once
again krause, your're not only a liar, but also an idiot.






"John H" wrote in message
...
Some folks want to complain that Bush has done a bad job with our economy.
Perhaps they should check the rest of the world. Last week France broke
the
double digit unemployment rate. This week Germany does even worse. Note,
especially, the second paragraph and the last section on the US economy.

************************************************** *****
Euro Declines as German Unemployment Rises to a Postwar Record

March 1 (Bloomberg) -- The euro fell the most in a week against the dollar
as
German unemployment rose to a postwar high and on speculation U.S.
manufacturing
accelerated in February.

``The U.S. definitely has the upper hand in the whole economic backdrop,''
said
Rizwan Din, a currency strategist at Barclays Capital in London. He
expects the
euro will fall in three months to the lowest against the dollar since
October.

The European currency also dropped for a second day against the yen after
a
government report showed Japanese household spending rose the most in nine
months in January, adding to evidence a recession is ending. The euro is
down
2.7 percent against the dollar and 0.9 percent against the yen this year
in part
on speculation the region's expansion will falter.

Against the dollar, the euro dropped to $1.3194 at 9:25 a.m. in London,
from
$1.3227 late yesterday in New York, according to electronic
currency-trading
system EBS. Din forecasts it will fall to $1.26 in three months. The euro
also
fell to 137.92 yen, from 138.35. The yen was at 104.52 per dollar, from
104.62.

The U.S. Institute for Supply Management's manufacturing index probably
rose to
57, according to the median of 56 forecasts in a Bloomberg survey. Signs
of a
pickup in growth and inflation helped send U.S. 10-year Treasury note
yields to
their highest in 13 weeks today, widening the gap with Europe.

The euro stayed lower after an industry survey showed euro- region
manufacturing
stalled last month. An index compiled by NTC Research Ltd. for Reuters
Group Plc
was unchanged at 51.9. Readings above 50 indicate growth.

`Double Whammy'

``There's rising downside risk for the euro,'' said Robert Rennie, a
currency
strategist in Sydney at Westpac Banking Corp. It may fall to $1.28 by
quarter-end, he said. ``We're getting good, solid growth in the U.S. and
we're
not getting it from Europe.''

European Central Bank policy makers have kept their benchmark interest
rate at 2
percent since June 2003, and may again leave it at a six-decade low at the
March
3 policy meeting, according to the median forecast. The Federal Reserve
has
lifted its target rate six times, to 2.5 percent, since June.

The contrasting outlook in Europe and the U.S. ``is a double whammy for
the
euro,'' said Callum Henderson, global head of currency strategy at
Standard
Chartered Plc in Singapore. The euro may fall to $1.3050 this week and as
low as
120 yen in the next 12 months, Henderson said.

Germany's unemployment rolls increased by 161,000 to the highest since
World War
II and the adjusted jobless rate rose to 11.7 percent, a seven year-high.
Germany's jobless rate, measured by International Labor Organization
standards,
rose to 9.3 percent in January from 9.2 percent in December, a separate
government report showed today.

`Europe Is Weak'

``The economic outlook in Europe is weak,'' said Jake Moore, a currency
strategist in Tokyo at Barclays Capital Inc. ``The bias is for the euro to
weaken against the yen'' because of evidence of a Japanese economic
recovery, he
said. Japan's currency may rise to 136 per euro in the next few weeks, he
said.

Japanese household spending rose 8.2 percent from December, the government
said
today. A separate government report showed today the economy added 470,000
jobs,
helping the unemployment rate hold at a six-year low of 4.5 percent.
Reports
yesterday showed Japan's industrial production rose 2.1 percent and retail
sales
gained the most in more than six years in January.

Japan's currency is still down more than 2.5 percent against the dollar
since
reaching a five-year high of 101.69 on Jan. 17. A government report on
Feb. 15
showed the third straight quarterly contraction in the final three months
of
2004, sending the economy into its fourth recession since 1991.

U.S. Job Growth

Demand for the dollar may gain in advance of the March 4 U.S. employment
report,
said Jeremy Stretch, senior currency strategist at Rabobank Groep in
London. The
median forecast among economists polled by Bloomberg is for job growth to
accelerate to 225,000 in February from 146,000 in January.

``We would be looking for the dollar to rally in the near term,'' said
Stretch.
``Provided we get those payroll numbers coming in in-line with consensus,
or
above, the U.S. dollar is going to stage some gains.''

U.S. 10-year Treasury yields today rose as high as 4.39 percent, the
highest
since Dec. 3. The gap, or spread, with German 10-year bunds widened to 63
basis
points today, compared with 56 basis points at the end of last week. A
basis
point is 0.01 percentage point.

Treasury yields increased after a government report yesterday showed the
measure
of inflation used by the Fed in its semi-annual forecasts accelerated to
the
fastest in more than two years. Prices of goods and services bought by
consumers
rose 0.2 percent in January from the previous month.
*************************************


John H

"All decisions are the result of binary thinking."