In Case You Missed It

The world has been saved, and prosperity is breaking out all over:

The euro has been saved and the euro crisis is a thing of the past, European commission president José Manuel Barroso has declared.

Meanwhile, prosperity:

Just in: the eurozone unemployment rate has hit a new record high of 11.8% in November, up from October's 11.7%.

Eurostat reported that there are now 18.820 million people out of work in the euro area.

This is a feature, not a bug, of 21st-Century global finance. It doesn't have to be this way, though!

---Baron V