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Global recession has reached a new phase.

Eurodollar University

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The Labor Market Turns to Corner in Europe

Germany's unemployment rate reached 5.7%, which is the highest since May 2021. France just reported its second straight right a second straight month of unemployment increases to 6.2,000 in June on top of 10.8,000 in the month of May. In France, over the last two months, maybe the labor market has turned to corner andmaybe the labor market in Europe has turned to corners as consumers and businesses are perceiving.

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