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**FuXA8nQM** · 02-12-2011, 10:19 PM

What are your thoughts on the link to Algeria?

Another pressure cooker.. Regime in place for half a century, employs 1/3rd of the work force. Poverty & a centrally planned economy means government takes the blame. around 10% unemployment. 23% below the poverty line. Inflation at 5%. Net food importers. Over half of household income goes just to feed themselves.

70% male & 99% muslim.

It's going to get worse, because they're trying to buy their way out of it, despite debts in the 25+% of GDP range. Algeria embarked on a program last year to spend 100+% of GDP on "infrastructure" Which had BETTER result in improved living standards.. As opposed to just busy work to put money in citizens pockets.

I don't think I'll be vacationing there.

02-12-2011, 10:19 PM	#5
FuXA8nQM Join Date Oct 2005 Posts 586 Senior Member	What are your thoughts on the link to Algeria? Another pressure cooker.. Regime in place for half a century, employs 1/3rd of the work force. Poverty & a centrally planned economy means government takes the blame. around 10% unemployment. 23% below the poverty line. Inflation at 5%. Net food importers. Over half of household income goes just to feed themselves. 70% male & 99% muslim. It's going to get worse, because they're trying to buy their way out of it, despite debts in the 25+% of GDP range. Algeria embarked on a program last year to spend 100+% of GDP on "infrastructure" Which had BETTER result in improved living standards.. As opposed to just busy work to put money in citizens pockets. I don't think I'll be vacationing there.
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