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Global Economy Headed in Wrong Direction

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  • Description

    FBN’s Stuart Varney sounds off on the state of the global economy.

  • Duration 1:54
  • Date

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Might take this morning as a statement of where we are no opinion today just grim reality and -- -- -- America's economy is slowing again.

For the third summit in a row we getting -- up.

Would not creating anywhere near enough jobs millions have dropped out of the workforce poll after poll shows a deep seated anxiety about where we are headed.

It's Willis in Europe Spain need to buy -- grace that Greece rather may need another.

Unemployment is -- 10% over that and rising.

Investors are running for the exits Europe is in crisis brought the result -- list is an astonishing shift in the flow of money worldwide.

What's safe what is the safe haven in this crisis what -- -- safety.

The answer has surprised everybody.

It is America's debt -- treasury -- that's where the money is going.

Who would have thought that our ten year debt would only pay one point 5% interest nobody has seen that the full.

All of the above is fact all right now an opinion on its meaning can't resist.

No country can run up it's debt -- have a over the long term spending more than you take it catches up with you sooner or later you run out of other people's money.

There's no politics in that opinion no ideology is just the grim reality of exactly where we -- right now.

-- heartbreaking it actually went thing -- came to mind since the numbers released the unemployment benefits that were extended back in February right.

Fewer weeks on the expectation that the unemployment rate overall would drop and the only reason it stopped right is because the labour participation rates by people just given up it is certain other hand.

This entire problem it is a problem less common.

Sooner or later you run on other people's money but you still keep asking.

But -- briefly effect so the president the last reported as over acts --

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