Bushonomics: The Eagle Wounding the Global Economy

7 November 2008

The dollar fell against the Euro and Yen in European trading on Friday ahead of key jobs data from the US, which has collapsed into a full Depression without admittance by the US.

Many investors were bracing for Friday's report on US payrolls for October to show an additional loss of 200,000 jobs following a string of downbeat economic data and earnings reports.

The strangling US economy had lost 159,000 jobs in September as the credit crunch and collapsed economy, further batters US industries.

It is becoming an increased awakening that the US collapsed economy is creating a bigger impact on the global economy then may have been first thought and some global economists’ contention that tying themselves originally with the US stock market, was a grave mistake.