96,000 Jobs Added In August 2012, Unemployment Rate Falls To 8.1 Percent Due To Labor Force Participation Rate Hitting 30 Year Low: August 2012 non-farm payroll number increases calls for QE3. According to the Bureau of Labor Statistics, the U.S. economy added a meager 96,000 jobs in August 2012. The slight increase in jobs was…
Shorts Get Dressed In Draghi As Investors Await Invariably Bad August 2012 Non-Farm Payroll Numbers Tomorrow: Shorts were hit hard today as one of the most telegraphed bond buying programs in history was announced today. The details of the new bond-buying program from ECB President Mario Draghi were leaked yesterday yet some traders continue to believe…
September 2012 Mario Draghi, ECB Bond Buying Program Details Leaked: Mario Draghi, the head of the European Central Bank will be buying bonds. The new bond buying scheme will focus on “unlimited purchases of government debt” which will be “sterilized” to mitigate the negative impact of printing money. There will be no public caps on yields,…
ISM Contracts For 3 Straight Months As Investors Await ECB and August 2012 Unemployment Rate: The Institute for Supply Management index reading today was more proof the economy is in slow recovery mode. The ISM dropped to 49.6% in August from 49.8% in July. This is the worst reading since July 2009 and the trend…
Case Shiller 2012 June Shows Home Prices Bottomed But With High Unemployment, Will It Stick? The S&P/Case-Shiller index shows home prices in June 2012 increased for the top 20-cities it tracks. Housing prices increased from the same month a year ago which is the first time there has been such an increase since the summer…
