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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-06-14 04:04 AM
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Fears of slowdown sharpen focus on US jobs report
WASHINGTON (AP) -- Fears of an economic slowdown are heightening anticipation of what Friday's U.S. jobs report for January might reveal.

Stock markets have sunk after signs of weaker growth in the United States, Europe and China. Turmoil in developing countries has further spooked investors. The upheaval has renewed doubts about the Federal Reserve's next steps.

Evidence of healthy U.S. job growth would help soothe those jitters. It would suggest that the world's biggest economy is still expanding solidly enough to support global growth.

"The best antidote right now for all these problems is a robust U.S. economy," said Carl Riccadonna, an economist at Deutsche Bank. "The whole world is watching, even more so than usual."



http://hosted.ap.org/dynamic/stories/U/US_ECONOMY_JOBS?...

I wonder how much Deutsche Bank pays Captain Obvious Riccadonna. More support of my opinion of the field of economics.

Deutsche Bank, btw, was a huge player in the mortgage derivative field that brought global economic collapse to a planet near you, courtesy of Gramm, Leach, Blilely.
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Enthusiast Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-06-14 05:12 PM
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1. We aren't going to see any additional stimulus.
And the loss of unemployment benefits will further depress consumer demand. I don't see how the American economy will improve.

They should extend unemployment benefits and raise the minimum wage.
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