In this post I explored the EU coming meltdown, and here about the coming upwards revisions to the unemployment, due tomorrow. It’s closing in on the world that Obama far from the ‘moo-saih’ does not have the experience to handle the presidency. He is nothing more than a lightweight ideologue with his nose latched in the upright position.
Stocks buckled Thursday under the growing belief that the global economy is weaker than many investors expected and is likely to stop the U.S. labor market from rebounding in the coming months.
A flood of bad news, including rising debt levels in European nations and an unexpected jump in the number of Americans filing for unemployment benefits, had investors pulling money out of assets like stocks and commodities that are looking increasingly risky.
Demand for safe haven holdings like the dollar and Treasurys jumped as the euro tumbled. The Dow Jones industrial average fell about 250 points, and all the major indexes were down about 2 percent.