08 Jan 2010 Interest, Stocks, and Dollar Rising; Gold and Unemployment Topping, Democrats Sinking
Posted at 15:28h
in The Friday Brief
“If pro is opposite of con, then what is the opposite of progress? Congress!” Found in the US House of Representatives restroom
The critical number for our economy is in; unemployment remains at 10%. While the headline number shows signs of topping, a significant rebound in job growth remains frustratingly elusive for the economy and for an administration that could use a boost. The economy lost an unexpected 85,000 jobs in December after showing the first increase in payrolls in almost two years. Economists fear that this recovery will be jobless just like the prior two.