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- Stocks Up On Terrible Jobs Data: Just Volatility Or Something Else?
Last Friday the United States reported that over half a million jobs disappeared in a month! 533,000!!
The US stock market went up 3.65%. What? That’s right, the S&P (^GSPC) rallied 3.65%. Now I know that bond traders are a sorry lot that cheer job losses and bankruptcies. Bad news means lower policy rates, lower inflation, HIGHER bond prices.
But the stock market up on bad news…I cannot even come up with a rationale, with perfect 20/20, for this turn of events. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. 
Переслать - Some Recessionary Facts
Most business watchers are familiar with the recent news that the National Bureau of Economic Research (NBER) recently declared that we are officially in a recession and it started a full year ago in December 2007. The report from the NBER linked above give the dates of the U.S. economic expansions and contractions going back to 1854.
I took a look at the recession since WWII, since the modern industrial economy has more in common with the post-war era than the more agricultural … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Ed McRedmond: ETFs Have Benefits Like Tax Efficiency And Transparency
Invesco PowerShares is probably best known for the PowerShares QQQ (QQQQ) which tracks the Nasdaq index. But apart from the QQQ, Invesco PowerShares has many other ETFs suited to different market conditions and investors’ needs. Ed McRedmond, Senior Vice President at Invesco PowerShares, shares with DailyMarkets some insights into a few of them.
During the election Barack Obama said renewable clean energy would be an important part of his administration’s development plans. There are … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - More On The $70 Total Labor Cost Per Hour For GM
FLINT JOURNAL - The UAW said last week that it would review its contracts with the automakers and was open to making modifications in them to help the automakers secure needed government loans. Analysts and industry insiders have long said that GM (GM) needs to cut its hourly cost per worker down to levels on par with foreign automakers to be successful.
Factoring in retiree health care and legacy costs, GM’s wage and benefit cost for a UAW worker is about $70 an hour, while … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - The Pendulum Is Set To Swing Back In Favor Of Labor
The influence of organized labor has been waning for years. Among the reasons: the growth of “offshoring,” which has thinned the ranks of traditionally heavily-unionized domestic manufacturing industries; a sustained period of economic expansion (up until recently, at least), which convinced many workers that they did not need union backing to make their way up the economic ladder; and, a lack of political support in the wake of the secular shift to the right following Reagan’s … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Toyota Started In 1936, Why No Legacy Costs?
WASHINGTON POST (2006) - GM (GM) refuses to provide legacy costs for its 2005 vehicles. But by my estimate, they were $1,850 for health care, $700 for pensions. Total: $2,550. Numbers Toyota gave me indicate its U.S. health care costs stayed at about $200 a vehicle. And let’s use the same, probably-too-high $50 for 401(k) costs.
GM’s crippling financial burden and huge competitive disadvantage comes from its significant legacy costs: 4.61 retired members and surviving spouses … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Sam Zell's Tribune Co. May Wind Up Filing For Bankruptcy
Sam Zell’s uber-leveraged media and entertainment Tribune Co. (TXA), which owns eight major daily newspapers, including the Los Angeles Times, Chicago Tribune and Baltimore Sun, and a string of local TV stations - seems to be headed toward a possible filing for bankruptcy-court protection as soon as this week, according to Wall Street Journal.
From the Journal:
In recent days, as Tribune continued talks with lenders to restructure its debt, the newspaper-and-television concern hired … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Dell Signs Live Search Deal With Microsoft
Dell (DELL) has signed a distribution deal with Microsoft (MSFT), via which the software giant’s Live Search Toolbar will be preinstalled on new Dell PCs, according to ZDNet’s Mary-Jo Foley. Currently, Google’s (GOOG) search toolbar is preloaded on Dell PCs. Officials aren’t commenting, but Foley cites unnamed sources familiar with the arrangement saying that “Microsoft has offered Dell sweet enough terms to entice the PC maker to replace its search-preload deal with Google with a … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - More Exposed Than You Might Think
Two years ago, most people didn’t pay much attention to the issue of counterparty risk. Nowadays, it is a constant source of worry for lenders, depositors, investors, and others.
It’s one thing to lose money because you made a bad bet. It’s an altogether different kettle of fish, however, when you take a hit because someone you do business with suddenly — and unexpectedly – goes under.
Yet while most people are familiar with the risks that stem from traditional financial … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - What's In Store For ETFs In The Future?
Originally two or three exchange traded funds (ETFs) were conceived to track major indexes, but now the potential growth for ETFs seems unlimited.
Today, ETFS are widely used as investment instruments for portfolio strategies according to Jim Ross, senior managing director of State Street Global Advisers, in an interview done by Katy Marquadt for US News & World Report.
ETF investors who use a traditional brokerage account can invest within a sector with multiple holdings in a single … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Wake-Up Call To Washington: Cut Corporate Taxes
From The Tax Foundation in August 2008, but still very relevant today, maybe even more relevant today:
Amid rising concerns about the state of the U.S. economy, new data compiled by economists at the OECD shows that for the 17th consecutive year the average rate of corporate taxes in non-U.S. countries fell while the U.S. corporate tax rate stayed the same. As a result, the overall U.S. corporate tax rate is now 50% higher than the OECD average (see chart above).Combined with … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - A US Stock Market Rally This Week?
I have come to the conclusion that the probability of a nice-sized rally next week is pretty high. I won’t abandon the bear camp entirely because I do see at least another leg down sometime in the unknown future. The possibility of the rally extending for some time is on the table, therefore, it’s important to remain flexible.
The bullish case:
1) The tremendous strength displayed after the most important economic report was released is simply astounding. It is unreal, yet the … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Why The Federal Reserve Can't Save The US Dollar
Since Fed chairman Ben Bernanke touted the US dollar’s muscle in 2002, the greenback has fallen 40% against world currencies. This report reveals what’s next for the greenback and four ways you can profit. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Dividends - The Ultimate Bird In The Hand
The saying ‘A Bird in the Hand is Better Than Two in the Bush’, really can be used to describe several life choices, as well as financial decisions. For example you might apply this credo to the following decisions:
Should I take part in a lottery pool with my co-workers?
Should I accept a lower amount for a prepayment for my goods or services than I would for a ‘net 30 days’ or more type of credit arrangement with an unknown credit risk?
Should I accept a position with company X … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Three Opportunities To Short The iShares Russell 2000 Index
I think that there are three opportunities coming up to short the iShares Russell 2000 index (IWM). I’ve highlighted them on the chart with circles; the best one is obviously the highest … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Are The Gulf States, ETFs Dried Up With Oil Prices?
The United Arab Emirates has watched from a distance as the global credit crunch has unraveled in the West, but they didn’t imagine it would hit home in both their markets and exchange traded funds (ETFs).
The price of oil is the livelihood of these nations, and the recent 70% drop in the oil prices have begun to lead to a crumbling of both the economy and the real estate market, reports Stanley Reed for BusinessWeek. According to industry sources in oil-poor Dubai, some home prices have … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Free $50 When You Open FXCM Micro Forex Trading Account
FXCM Micro, the discount brokerage division of FXCM, announced on 5 December 2008 that it will be offering forex traders who currently trade with a different forex firm free $50 accounts to try FXCM Micro.
This new service provides traders with super-low spreads, automated execution, and 1K lot sizes. FXCM is confident that traders will want to continue trading with FXCM Micro after comparing it to other forex brokers.
This is not an account-opening bonus but a funded, $50 FXCM Micro … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - India Stock Market: A Look At The Nifty Chart
(click on chart for clearer image)
The chart above covers the Nifty from Dec 15, 2007 to Dec 5, 2008, showing a 60% ride down on the Nifty. You will recall that I called an inflection point, the start of the bottoming process on November 12, 2008. Since that day we have traded sideways with extreme volatility. An inflection point is always marked by extreme volatility. The inflection point is not a point, but rather a period. In this case it may last 4-6 months - a stock … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Bond Prices Soar While Yields Plunge
File this under “In case you missed it.” The 10-Year US Treasury Note price has surged 12% in just over a month, as investors surge to the safety of treasuries. Subsequently, yields in these safe investment vehicles has plunged dramatically. Let’s look at the 10 year note price, and then see the 5-year note and 3-month bill yields.
10-Year T-Note Prices:
Though I haven’t explicitly labeled it, it would seem the recent surge from $114 to $127 is a potential Elliott Wave 3 in … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Five ETFs To Keep An Eye On
The last few months have been characterized by insane market volatility and rallies leaving many investors with upset stomachs and frustrated, however, there are some stocks and exchange traded funds (ETFs) that can be picked up at a discount.
Simon Maierhofer of ETF Guide recommends five ETFs, all high beta ETFs giving an upside potential in exchange for an extra dose of volatility that are at a discount. While there are some interesting picks and these funds may show potential in coming … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Follow The Money: Big Three Automakers Spent Millions On Lobbying
(CBS) — As Congress mulls over a bailout for U.S. automakers, some may be thinking about more than jobs and the economy. The auto industry spent nearly $50 million lobbying Congress in the first nine months of this year. And people tied to the auto industry gave another $15 million in campaign contributions.
It’s not surprising that a lot of that money went to members of Congress from Michigan, where the auto industry is the biggest employer and politicians are passionate advocates for … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Wall Street Bets On Stocks, Not Gold
The S&P 500 (^GSPC), Dow Jones Industrial Average (^DJI) and Nasdaq (^IXIC) indexes have all dropped, on average, 33% since September. But investors aren’t moving to typical safe havens. Rates on Treasury bonds, for example, were actually rising until early November.
Gold is often bought to hedge against the market, too, but not right now. It’s been remarkably tame considering the market’s movements. Since September, volatility, as measured by the CBOE Volatility Index … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Oil Prices, ETFs Hit Low - Now What?
As oil prices drop to their lowest levels in three years, with subsequent lows in oil exchange traded funds (ETFs), the masses may be rejoicing now. But the long-term prospects may not look so welcoming.
Oil prices are floating just below $50 a barrel, nearly $100 per barrel cheaper than its peak in July, according to Economist. Many analysts expect the oil price to drop even further. A recent OPEC emergency gathering failed to agree to cut output quotas.
With oil prices dropping, … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - We Have Ended Up Talking Ourselves Into Recession
“Sir, Before my fixed-term bond with London Scottish matured on November 21, I was invited to reinvest the proceeds for another year at 7.15%; an amazing and tempting offer in today’s markets.
“On due reflection I decided that, as with previous rates offered by Icelandic banks, it was “too good to be true” and did not proceed. How wrong I was. I understand that this investment, however large, will be honoured by the government.
“The moral must be to find the shakiest bank and … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - India: A Magnet For Global Capital
Below is a research note from Bank Credit Analyst:
In the case of India, we remain relatively constructive as credit flows into the country appear to have largely been utilized in a productive way. As a result,the ongoing liquidity squash should not evolve into a solvency crisis on a massive scale.
Not massive, but Realty is a serious concern. Has this been productive?
Given the under invested nature of India’s economy, the return on capital is very high, not only relative to the G7 but … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - ETFs, Technical Indicators: A Bunch Of Bull?
When it comes to the market, exchange traded funds (ETFs) and the definition of a recession, are technical indicators worth their salt or are they thrown to the wind?
Gary Gordon for ETF Expert points out the fact that the recent recession did not occur officially until July 2008.
That’s because by the traditional definition of a recession, we would need two consecutive quarters of negative growth. We had it in the third quarter, and it seems inevitable that we’ll have it in the fourth, … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - MCG Capital Braces For Downturn
MCG Capital Corporation (MCGC) is a financial services firm that primarily provides capital to support the internal growth and corporate development initiatives of the small-to-medium sized private companies in domestic growth industries such as media, communications, information services and technology.
Originally consisting of the media communications lending group of Signet Bank (which was acquired by First Union in November 1997 and later merged into Wachovia), MCGC was bought by … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Breaking Down The Financial Sector Post-Lehman
For most of 2008, the three sectors I have been watching most closely to gauge the health of the economy are financials (XLF), homebuilders (XHB), and consumer discretionary stocks (XLY). I have even referred to these sectors as my 'indicator species’ sectors, as I am of the opinion that unless all three of these sectors are healthy, the health of the broader economy cannot be assured.
In the past two weeks, relative strength all three of the above sectors has helped the … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Stock Indexed Annuities: A Powerful Investment For Getting Back To Even
How long does it take your portfolio to recover after a devastating bear market?
It took a little over a year to get even after the stock market crash of October 19, 1987, over four years to get back your money after the treacherous 2000 to 2003 bear market, and more than five years after the 1973 to 1974 debacle.
This time around, with the Dow (^DJI) down 40% from its high of a year ago, it may take three to four years to get back to even. Ouch! If you are waiting for the new … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Should You Invest In Real Estate Investment Trusts (REITs)?
With a broad-based sell-off in 2008, many REITs are now trading well below Net Asset Value (NAV), and average yields exceed 9%. Year to date, equity REITs are down about 47%.
We remain neutral on the sector. While valuations are compelling, we have lowered our 2009 outlook; our 2009 FFO [funds from operations] estimates have been for the most part cut across the board. We also expect more dividend cuts as companies try to conserve cash.
The economy will get worse in the first half of … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Manulife Doing What It Can
Manulife Financial Corporation (MFC) is a broad-based financial services firm headquartered in Toronto, Canada. It converted from a mutual life insurance company to an investor-owned, publicly traded company in July 1999. With more than 20,000 employees and thousands of distribution partners, the company is a leading provider of financial protection and wealth management products serving millions of customers in 19 countries and territories around the world.
While the company … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - US Home Foreclosures Reached A Record In 3Q
According to a National Delinquency Survey released Friday by the Mortgage Bankers Association - the number of homes caught in the wave of foreclosures in the third quarter reached a record 1.35 million, driving the foreclosure rate up to 2.97%. That’s a 76% increase on a year-over-year basis. The seasonally adjusted total delinquency rate continues to be the highest recorded in the MBA survey.
At the same time, the number of homeowners falling behind on their mortgages rose to 6.99%, … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Chart Of The Week: Economists' Forecasts Of Job Losses
The word of the year may be bailout, but when it comes to the US stock market, the operative word for this week is resiliency.
On Tuesday, Wednesday and again on Friday, stocks shrugged off bad news and sharp declines to post solid gains. Friday’s feat was perhaps the most impressive of all, after November nonfarm payrolls shocked even the most pessimistic estimates by falling 533,000. Following the release of the employment data, the Dow Jones Industrial Average was down 292 points … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Automaker Bailout To Reverse Stock Trends?
It seems to be a matter growing acceptance in Washington and the media that some form of bailout may indeed be forthcoming to the automotive industry. What had been considered a hard line drawn, with U.S. automakers General Motors Corporation (GM), Ford Motor Company (F) and Chrysler outside of it, that line now seems blurred to say the least.
House Finance Services Committee Chairman Barney Frank (D-MA) used the “d” word (for “disaster,” not that other “d” word everyone is afraid … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - US Economy And Stock Market: At The Edge Of An Abyss
US economic conditions still signal a deteriorating economy, and long-term projections for the stock market remain bearish. The next shoe to drop on the global economy may well come from a possible Chinese Yuan devaluation. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - The 2008 Male Recession? The Gender Jobs Gap
According to Friday’s BLS report, the U.S. economy has lost 2.352 million jobs in the last year (Nov. 2007 to Nov. 2008). Further analysis shows that 82% of the job losses (1.932 million) were jobs held by males, and only 18% of jobs losses (430,000) were jobs held by females (see top chart above). Further, the November unemployment rate for men is 7.2% vs. only 6% for women, and the gap in jobless rates between men and women has been increasing for the last six months (see bottom … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - US Job Report's Impact On ETFs
A glum jobs report is having a startling ripple effect through the economy and exchange traded funds (ETFs).
In November, 533,000 jobs were lost or dissolved, taking the unemployment rate to 6.7%, the largest one-month decline since December 1974, reports Louis Uchitelle for The New York Times.
This news brings justification that the current recession will be deep and long, possibly the longest since The Great Depression.
Major cutbacks and declines have been seen in construction, … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Weak US Employment Report Helps The Cause Of Big 3 Automakers
The only positive kernel in the US November 2008 unemployment report is the fact that it is a lagging economic indicator and a leveling or upward reversal of its direction down the road would be ecstatically received by the stock market. Now for the bad news…
Unemployment claims @ 533k far exceeded consensus expectations ranging from 220k to 350k and labeled November 2008 the worst month for job losses since December 1974’s 602k. Thus far, 1.9mm job losses have been reported as payrolls … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - US Jobs Lost Were Deep And Wide
The US employment report out Friday was simply awful. Not only did payroll employment fall by 533,000 in November, but we lost far more jobs than we thought in both October (revised to -320,000 from -240,000) and September (-403,000 vs. -284,000 estimate before).
In other words we have lost over 1.25 million jobs in just the last three months. This is while the auto industry is technically not bankrupt. If it is allowed to go under, things will get much worse in a hurry. It’s not that … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - 'Big Three' Bailout? Don't Believe What You Hear
I don’t know about you, but I could only pick my mouth up off the floor when I watched the Big Three’s CEOs beg for a taxpayer-funded bailout this week. Never mind the fact that they’re now asking for $34 billion (up 36% from $25 billion two weeks ago), or that they drove to DC in a caravan of new hybrids that would make the Keystone Cops proud.
What got my attention was that Ford’s (F) CEO Alan Mulally who, after admitting “big mistakes,” attempted to sway Congressional members by … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - A New Bear Market Rally May Be Triggered
In my November 7 article I featured a horizontal trading range (continuation pattern) in the S&P 500 index (^GSPC), and asserted that a breakdown from that pattern would signal another leg down. There was, in fact, a breakdown, but it was a bear trap, and prices quickly reversed upward back into the trading range.
Price action since has caused the chart pattern to morph into a descending wedge pattern, which is bullish and implies that an upside breakout would provide the start for a … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - CEOs Predict Hard Times Ahead
I see the bad moon a-rising.
I see trouble on the way.
I see earthquakes and lightnin’.
I see bad times today.
- From “Bad Moon Rising,”
by John Fogerty, Creedence Clearwater Revival
Maybe I’m showing my age (and revealing, perhaps, that my brain has a rather odd configuration of neural pathways), but when I read the article that follows in the Baltimore Business Journal, ”CEOs Predict Hard Times Ahead,” I was reminded of the 1969 hit single by CCR. Although it’s … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Lessons From Iceland For Dollar Traders
In previous articles for DailyMarkets.com, I’ve compared the crisis with the Argentinian peso in 2001/2002 with the current situation surrounding the US dollar, and postulated that the US would follow down the Argentinian path.
The current situation in Iceland also fits the bill of a currency crisis (also referred to as an inflationary depression). To illustrate this point, let’s compare the factors leading up to the crisis in the Icelandic krona with the conditions of the US … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - First Georgia Community Bank Seized By Regulators
Decade-old First Georgia Community Bank, Jackson, GA was closed late Friday by the Federal Reserve Board. Subsequently, the Federal Deposit Insurance Corporation (FDIC) was named Receiver.
From the FDIC:
First Georgia Community Bank, Jackson, Georgia, was closed today by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with United … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Trading The DIA: Gotta Watch Those Rounded Reversal Days
They’ll get you every time. Friday’s intraday stock market action was an excellent example of the “rounded reversal” day concept in action. Let’s see it in the DIA (DIA) and how we might have managed risk and traded it.
DIA 5-min chart:
The day started with the news that the market moving “Jobs Report” showed a loss of over 500,000 US jobs, indicating that the economy continues to deteriorate steadily - unemployment in November stood at 6.7%. You would expect a market … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать
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