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Poorly For The Jobs MarketTitle:
The Weekly Bottom Line : 05/02/2012
The Weekly Bottom Line : 05/02/2012
HIGHLIGHTS OF THE WEEK
United States
U.S. economic indicators for January point to renewed momentum in early 2012. Non-farm payrolls expanded by a vigorous 243K, and the unemployment rate fell to 8.3%.
Vehicle sales rose 4.6% to 14.1 million (SAAR) in January, reaching the highest level in over three and half years and surpassing the one-time shot in the arm provided by the cash for clunkers stimulus program.
ISM manufacturing and non- ...
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Everybody Hates Capitalism
We begin another look at Zombieland with this editorial from Martin Wolf in The Financial Times:
Why did it take so long? It is over four years since the financial crisis began. Yet only now are anti-capitalist protests emerging, including at St Paul’s Cathedral. So is this the beginning of a resurgent leftwing politics? I doubt it. Are the protesters raising some big questions? Yes, they are.
Socialism failed as a way of running economies. It did, however, succeed in establishing welfare ...
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Europe overshadows the outlook
(Reuters) - Time is fast running out for European Union leaders to close the gaping wound that is the euro-zone debt crisis and any failure to strike a comprehensive deal this week would sap more strength from the global economy.
Heightened uncertainty from Europe would further undermine investor confidence and damage growth, an unfortunate counterpoint to recent economic data that has proven modestly encouraging.
China's growth numbers at 9.1 percent year on year rate for the third quarter ...
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Insight: What a stronger Chinese yuan means for the U.S.
A sharp rise in China's yuan currency might cut the U.S. trade deficit by as much as one third and create enough American jobs to put at least a modest dent in the unemployment rate.
Then again, it may also lead to a destabilizing spike in Chinese unemployment and spark a trade war that drags the global economy back into a deep recession.
These are the conflicting forces U.S. lawmakers must consider as they decide whether to pass a bill which would pressure Beijing into letting its currency ...
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A Look at the Long-Term Trends in Government Spending
Stocks are up a tad as of this writing. They were up quite a bit more than a tad earlier today but, as happened in yesterday’s session, confidence waned around lunch, sending them lower in the afternoon. All in, the major US indexes are off by about 3% and change for the month…and down a little over 4% on the year.
Gold, too, is having a tough time of it of late. An ounce of the precious metal “languishes” just above $1,616 per ounce after having traded up over $1,900 just a month ago.
What ...
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Analysis: Growth takes back seat as markets bay for budget cuts
The odds on a new recession are shortening, but don't expect governments to swap the hair shirt of fiscal austerity for something more comfortable.
Financial markets, worried though they are about anemic growth, simply will not let them -- even if the outcome is an even slower rate of expansion that risks driving debt-to-GDP levels higher, prompting more anxiety that, in a vicious circle, further undermines growth.
"At the moment, the markets have priced in a very slow growth environment for ...
Title:
Weak US Jobs Data May Reverse Bounce in Risk
The Week Ahead
Highlights
Weak US jobs data may reverse bounce in risk
Debt concerns drill down to Europe's core
PBoC hikes rate but not yet finished as inflation remains elevated
Important technical levels to watch in the week ahead
Key data and events to watch next week
Weak US jobs data may reverse bounce in risk
'Extremely disappointing' is about the only way to characterize US June employment data. After a classic ADP-induced shift to more positive expectations on ...
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Weekly Economic and Financial Commentary : 01/07/2011
Weekly Economic and Financial Commentary
U.S. Review
Second Quarter Ends Poorly - Better Times Ahead
Weaker-than-expected consumer spending and income growth for May are causing many economists to further scale back their consumer spending and GDP growth forecasts for the second quarter. Expectations for a second-half growth rebound remain intact, however, although the evidence to date remains scant.
U.S. manufacturing gains remained modest in June if the ISM manufacturing and regional ...
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Litmus test for U.S. factories, Greece
(Reuters) - The U.S. economy has decelerated sharply. A snapshot of the nation's manufacturing sector this week should help reveal whether the slowdown is temporary or the start of a trend.
Federal Reserve Chairman Ben Bernanke argued last week that the second half of the year would be better than the first. But a downward revision in the central bank's forecasts for economic growth for this year and next belied a lack of conviction.
Europe's debt debacle remains a major cloud over the global ...
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