dinsdag 20 november 2012

Yet another day of decoupling

Today is another day of decoupling:

USD/EUR: -0.2%
U.S. bonds: -2%
Stocks: -0.5%

It's getting more obvious day by day.

Chart 1: Monitoring of Decoupling

I also got news from our Belgian government today that wages will be frozen for 2 years and minimum wages would go up by 150 dollars/month.

This will have impact:
1) minimum wage earners will get fired
2) efficiency at work will go down because there is no reason to work hard with frozen wages
3) people will search for another job to get higher wages

We have the worst government ever...

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