Daily Markets - Disappointing U.S. Jobs Report Sends Traders Fleeing The U.S. Dollar

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• Disappointing U.S. Jobs Report Sends Traders Fleeing The U.S. Dollar
• U.S. Stocks Slump On Disappointing Jobs Data But Recover Some Losses
• Why The Views Of The Wall Street Journal’s Letter Writers Are Far From This World
• A Newfound Flexibility
• Markets In Everything: Divorce Insurance

Disappointing U.S. Jobs Report Sends Traders Fleeing The U.S. Dollar Posted: 07 Aug 2010 01:01 AM PDT Friday’s disappointing payroll report reveals that the U.S. economy has failed to respond to the massive fiscal and monetary stimuli that have flooded the nation over the past two years. Not only is the news bad for job seekers and political incumbents, but it’s also a strong signal for traders to flee the U.S. dollar. The malaise in the U.S., where stimulus is still the word of the day, stands in contrast to active recoveries in Europe and Asia, where governments are actively removing … [visit site to read more]

U.S. Stocks Slump On Disappointing Jobs Data But Recover Some Losses Posted: 06 Aug 2010 09:45 PM PDT The S&P 500 found support above 1100 after this morning’s disappointing jobs report, recovering much of today’s losses due to short covering. This market drop shifted some of today’s trade into Gold and Treasurys — Gold (GCU10) rose above the psychological $1,200 level and the price of 10-Yr Notes rose, while the yield went down to some of the lowest levels in over a year. The next major event on the economic docket is the FOMC Meeting on Tuesday. Earnings season is still in full … [visit site to read more]

Why The Views Of The Wall Street Journal’s Letter Writers Are Far From This World Posted: 06 Aug 2010 06:09 PM PDT Thoughtful debate is to be found in places other than Letters to the Editor of the Wall Street Journal where, in Friday's edition, under the ad hominem heading "Mr. Reich's View Seems to Be Far From This World," the editor gathers what the Journal apparently considers insightful responses to my Tuesday column (posted below on August 3 as "The Origins of the Enthusiasm Gap.") Mr. Don Schoen from Northbrook, Illinois, says the Administration's initiatives "are not too bold or too … [visit site to read more]

A Newfound Flexibility Posted: 06 Aug 2010 06:08 PM PDT It’s been said that everyone has a price. For politicians and policymakers, the price of a major fiscal crisis is a willingness to abandon principles, join hands with arch rivals, and readily redefine what is and isn’t acceptable behavior, as the New York Times’ Freakonomics blog suggests in “Isn't It Funny How Governments Loosen Their Morals When Cash Is Short?”: From Dan Okrent's recent Q&A In short: governments who hate vice suddenly hate it much less when cash flow is slow. … [visit site to read more]

Markets In Everything: Divorce Insurance Posted: 06 Aug 2010 06:01 PM PDT NY Times — “Here's a new option for those worried they'll end up on the wrong side of the statistics that show so many marriages ending over time: divorce insurance.  SafeGuard Guaranty Corp., an insurance start-up based in North Carolina, recently released what it's billing as the first world's first divorce insurance product. Here's how its WedLock product works.  The casualty insurance is designed to provide financial assistance in the form of cash to cover the costs of … [visit site to read more]

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