Speaking in Edmonton today, Alan Greenspan said that the U.S. is feeling the “maximum impact” now from the federal government’s $787B in fiscal stimulus.
If the maximum impact gives us 10.3% official unemployment and 17.5% real...
Right out of the gate, Japan is continuing the big, global market rally, with the Nikkei gaining 1.64%.
Big gains were seen in finance and tech.
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That 10.2% Unemployment Report Was The Best...
The UK-based private equity group is to announce that it has tapped into the US education market by acquiring ATI Enterprises, the operator of 24 campuses, for about $500m
US tourism chiefs are targeting credit-crunched jobless people with time on their hands - the so-called "funemployed" - while in Asia golfing holidays are booming, notably in China, a study says.
Wharton professor Jeremy Siegel thinks that the unemployment rate will hover around the 10% mark for the next year.
The reason? As jobs are lost, new ones are created. Here's an excerpt:
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Three-year treasuries sold well today, fetching a yield of 1.404% and sparking a rally post-auction. The three-year's yield has hit about 1.35% right now according to Bloomberg.
Given that Ben Bernanke recently signaled his unwillingness to...
It's hard out there for a bear. The government practically gift-wrapped a perfect scenario for a market bloodbath Friday, but for some reason traders didn't bite.
CountingPips.com | Currency Trading Blog | Forex Blog, Fx News11 hrs agoComment
By Fast Brokers - The Dollar’s odd, negative reaction to Friday’s surge in the U.S. Unemployment Rate has carried through strongly into Monday’s session. We’re seeing broad-based Dollar weakness as well as a gold breaking through its...
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