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To investors, job creation is a second-order effect. Market participants care first about interest rates, exchange rates, bond prices and the one great factor that affects all three: the long-term solvency of a bond company called the U.S. government.
Europe unified its monetary policy through the euro before it unified politically, therefore sustaining member countries' abilities to pursue the kind of independent fiscal policies that can strain a joint currency.
Although unions may be good for a worker, singular, they are not always good for workers, plural. Especially when it comes to finding a job.
Anyone who experienced World War I close-hand was grossed out by it forever. It just was so awful.
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