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hello people Stalin United States are in America are with US light vehicle sales and you’ll must act 15 million S a AR seasonally adjusted annual rate which is remarkable but apparently your fleet of cars was getting dreadfully old and some really spanking a good deals in the showrooms at the moment where they loan you or lease your car for nearly nothing so it’s irresistible and that’s a very impressive comeback from the under 10 million at the depths of the recession talking about coming from coming back from the depths of the recession is an interesting one nobles put this together from the current population survey now jobs lost in the recession sticky out left recession is our 2000 82,010 sticky out right is the recovery 2010 to 2012 so you with me jobs lost in the recession the dark on the right jobs gained in the recovery architect Heidi wage occupations jobs lost are quite a lot are millions 200,000 or something just give you an idea of the numbers and in the recovery highway jockey patients have come back but not as many as have been lost midway which occupations are nearly 4,000,000 lost and very few have come back only 700,000 or something have comeback of mid-wage occupations and I’m sure you’ve already caught up now jobs lost in the recession low-wage occupations burger flippers and at checkout people I imagine the low wage occupations are 1.4 million lost in the recession jobs gained back nearly 2,000,000 so the jobs that are coming back and not the higher on mid-wage but if they are coming back they are coming back as low-wage occupations and I think anybody with their eyes open will have noticed that That was the United States of course on the current population survey right just north of the American people are more American people in Canada that the United States here in blue is their debt to personal disposable income ratio debt to personal income ratio which is plateaued and gone down slightly there is a bit of dealer leveraging going on in the household of the United States but Canada are still giving it large that green one bottom left top right they are still going for it and of course what cannot be sustained will not be sustained it will stop one day speaking of stopping one day Bloomberg Spain set to surrender rank of 12 biggest economy to Aust Riley yap Australia is still bottom left top writing although it’s getting a bit jittery it’s still doing better than Spain is our with China slowing obviously Australia is can get slap Rides the Head Last Chart It Looks a Bit Confusing and It Is Its Worth If You Can Follow the Link and Read the Am Report What We Have Is Back at the Start of the Recession Germany and France Where the Full of Money and They Lent That Money out to the Peripheral Countries Because They Thought That Was Minimal Risk in It but As during the Recession and Afterwards There Found That the Was Minimal That Was Maximum Risk in Lending to the Periphery so the French and German Banks Have Sucked Their Exposure Back into Themselves or Away from the Periphery and All Those Arrows Those Yellow Yarrow’s Blue Yarrow Is Pointing Back into German Banks and French Banks like the German Banks Am Non-Exposure Tearing up Their Exposure Selling Their Exposure Getting Rid of Their Exposure to Ireland Is Now down 81 1.7 Billion It’s down over 100,000,000,000 to Spain and 78,000,000,000 to Italy and 25,000,000,000 to Greece Which Is Quite Impressive and into the Palm of the French Banks Have Got Rid of 91.7 Billion to Italy 48,000,000,000 to Spain and 37.7 Billion to Ireland Etc Etc but What This Is Stressing Again Is That the Banks Which Are at the Heart of the Problem in Europe Are Bringing Everything Home France Is Bringing Its Exposure Back into France Germany Is Bringing Its Exposure Back into Germany and As They Leave Spain and Italy and Portugal and Ireland Spain and Italy and Portugal and Ireland Banks Are Taking on Their Own and Business Household and Sovereign Debts Basically the Eurozone Is Auto Splitting Itself up or At Least Making Itself Safe so If It Just Happens to Split up It Won’t Be Too Horrific but It’s Kind of Arm It Is Actually What Happening on the Ground It Is Splitting Itself up and the Little Chart so That on the Writer Showing That the Am the Risk Ratings Now for Countries Are Obviously Pro Rata to the Risk Although the ECB Is Meant to Step in and Try and Play with Those That Even Small and Medium-Sized Businesses in Countries like Spain and Italy Have To Pay 6 1/2% for a Business Loan Where in France and Germany It’s 4% and That Obviously Keeps the Wedge of the Efficiency of Those Countries Apart the Eurozone Is Effectively Splitting Itself Apart despite the Operations of the Powers That Be Net Is All for Today Au Revoir
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