The recovery in France appears to have stalled already, and this is from employment data before the terrorist attacks. Via translation from Les Echos ...
compare the above assessment with an amazing statement by economist Nouriel Roubini: "Positive Impacts of Paris Attacks Modest Unless More Attacks Follow"
The number of Class A unemployed rose by 42,000 last month. This is the largest increase in nearly three years. Overseas included, France now has 3,810,000 unemployed, a new record.
The major disappointment is for the Government, which hoped that the sharp decline in September finally marked the beginning of the reversal "credible" and "sustainable" in the curve of unemployment to which Hollande has conditioned his candidacy for re-election in 2017.
"These figures are not satisfactory," euphemized Myriam El Khomri, the labor minister, while adding they "must still be interpreted with caution because the results of recent months experiencing strong variations."
Economists point out that the attacks in Paris strengthen the uncertainties about the pace of recovery in France. They fear a decline in activity in tourism and catering that would inevitably damage employment.
Mike "Mish" Shedlock
Lambert provided an excellent overview to this Adam Curtis series in his post introducing the first episode of The Power of Nightmares, and readers added a good deal of insightful commentary.
Many readers are familiar with Adam Curtis’ work (my personal fave is the four-part Century of the Self, which I featured over Christmas when the blog was one year old), but for those of you who’ve not seen Curtis before, JustAnObserver gave a sense yesterday of why his documentaries are important:
Caught the first part by chance the evening it was broadcast. Was so riveted, I’d never heard of Adam Curtis before, that I cleared my extensive social calendar for the next 2 weeks. I think I could credit it with the beginnings of some – lets say – skepticism towards the official neocon/neolib “narratives”.
Even if you don’t agree with everything Curtis says, the odds are high that you will find this series to be compelling.