MNeagle
11th August 2010, 05:48 AM
Submitted by Tyler Durden on 08/10/2010 21:52 -0500
Damien HoffmanDeutsche BankLas VegasMichiganUnemployment
Bloomberg has created a useful 2-dimensional chart, summarizing on one axis which states have the worst unemployment (Nevada, Michigan and Cali are at the top), but more importantly, which states actually are losing and creating jobs - not too surprisingly, Nevada is the worst in both categories. Also, not too surprisingly, North Dakota, which has about exactly zero TBTF bank branches, is the state with the lowest unemployment, and one of the highest rates of job creation. South Dakota and Nebraska also seem to have avoided the probing tentacles of Wall Street's innovative money machine.The Las Vegas strip, where Deutsche Bank is opening the first hotel with actual functional balconies on it (presumably to facilitate terminal bailouts.. or just bails), was not so lucky.
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/trichet/Job%20by%20state_0.jpg
link (http://www.zerohedge.com/article/visualizing-job-prospects-state?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedg e+-+on+a+long+enough+timeline%2C+the+survival+rate+fo r+everyone+drops+to+zero%29)
Damien HoffmanDeutsche BankLas VegasMichiganUnemployment
Bloomberg has created a useful 2-dimensional chart, summarizing on one axis which states have the worst unemployment (Nevada, Michigan and Cali are at the top), but more importantly, which states actually are losing and creating jobs - not too surprisingly, Nevada is the worst in both categories. Also, not too surprisingly, North Dakota, which has about exactly zero TBTF bank branches, is the state with the lowest unemployment, and one of the highest rates of job creation. South Dakota and Nebraska also seem to have avoided the probing tentacles of Wall Street's innovative money machine.The Las Vegas strip, where Deutsche Bank is opening the first hotel with actual functional balconies on it (presumably to facilitate terminal bailouts.. or just bails), was not so lucky.
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/trichet/Job%20by%20state_0.jpg
link (http://www.zerohedge.com/article/visualizing-job-prospects-state?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedg e+-+on+a+long+enough+timeline%2C+the+survival+rate+fo r+everyone+drops+to+zero%29)