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Actions of Treasuries and Dollar point to deflating economy and underemployment are changing into unemployment
Nina Malone
Feb. 18, 2007
The businesses have started shrinking their work force again. Online business is gaining momentum and traditional businesses are replacing non-managerial workers with automation. The underemployment is slowly changing to unemployment again.
Now banks will replace Tellers with automation too. Check readers (scanners) at home or office provided free of charge by the banks enables you to avoid going to banks for check deposits. It is a great benefit for small businesses and busy professionals. However it will eliminate teller jobs. As Bank dip into financial trouble due to real estate loans, cost cutting and lay off of workers will be like never seen before. In all other businesses, automation will replace unskilled labors. Outsourcing will be replaced with automation, smart computer algorithms and more.
The actions of Treasuries and Dollar last week point to deflating economy and underemployment changing to unemployment. The rates are going down and dollar has resumed its bear cycle. Analytics point out this is just tip of the iceberg. The dollar can fall precipitously if the leading indicators point to contraction after manifestation of disinflation by the CPI data next week.
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