DailyMarkets.com - More Bad News In America: 10 Things You Should Know About The Latest Economic Numbers

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• More Bad News In America: 10 Things You Should Know About The Latest Economic Numbers
• China Furious At The Nobel Peace Prize Award
• We Have Put Our Faith In The Fed’s Ability To Fling A Hail Mary Pass
• The Real Level Of Unemployment?
• A Disappointing NFPs Encourages Gold And Is Ignored By Oil Traders

More Bad News In America: 10 Things You Should Know About The Latest Economic Numbers Posted: 09 Oct 2010 03:45 AM PDT On Friday, headlines across the United States declared that “unemployment remains unchanged at 9.6%”.  Many analysts rejoiced and heralded this announcement as a sign that we have hit bottom and that things will be turning around soon.  But is that the truth?  A closer look at the unemployment numbers reveals some disturbing facts.  For example, according to the Bureau of Labor Statistics, a broader measure of unemployment that includes workers that have stopped looking for work rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

China Furious At The Nobel Peace Prize Award Posted: 09 Oct 2010 12:55 AM PDT Jailed Chinese dissident Liu Xiaobo (劉曉波) won the 2010 Nobel Peace Prize on Friday for “two decades of non-violent struggle for human rights”. China is totally livid and called the award “an obscenity” as reported by Reuters.  The chairman of the Norwegian Nobel Committee, Thorbjoern Jagland, holds up a photograph of Liu Xiaobo Liu Xiaobo, a former literature professor, was initially detained on 8 December 2008 due to his participation with Charter 08, a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

We Have Put Our Faith In The Fed’s Ability To Fling A Hail Mary Pass Posted: 09 Oct 2010 12:41 AM PDT Since the US economy has failed to recover as widely predicted, pressure on the Federal Reserve to conjure a solution has increased. In fact, the Fed now faces the hardest choices in its history. It can either redouble its past efforts to re-inflate America’s bubble economy (risking the destruction of the US dollar) or it can stop pumping and let the economy deflate to a self-sustaining level. Unfortunately, both choices guarantee severe economic pain – but only one offers the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Real Level Of Unemployment? Posted: 08 Oct 2010 05:54 PM PDT Up until the turn of the century, the labor force participation rate (LFPR) — the percentage of the working-age population that is employed or seeking a job — fell or remained flat during those times when unemployment spiked higher. However, as the chart shows, the pattern since 2000 has been somewhat different. While some proportion of the drop-off in the LFPR likely stems from the fact that aging baby-boomers are beginning to retire, reports also indicate that a growing number of older … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Disappointing NFPs Encourages Gold And Is Ignored By Oil Traders Posted: 08 Oct 2010 05:44 PM PDT North American Commodity Update Commodities – Energy Despite Stable Risk Trends and Disappointing Data, Crude Manages a Sharp Rebound Crude Oil (LS Nymex) – $82.66 // $0.99 // 1.21% The sharp tumble from oil Thursday was a corrective effort following a particularly aggressive upswing. However, volatility begets volatility; and the drive to end the week would put the market back in tune with the past two week's primary drive. Hovering just around $83, US oil is holding just off of five-month … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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