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Great Recession

Great Recession

" Moan to communicate to them that it is possible that the economic recovery loses impetus, and that perhaps even happens one to him second recesin". The speculator and philanthropist George Soros prophesied that relapse in a published book the past year and it does not seem that the oracle is going to be mistaken this time: if the economy is a mood, this it seems to become gloomy per moments, to every day that happens, to each new data that appears. Even, like yesterday Monday, when there was no a single data significant that to confir the bad auguries to me. In spite of absence of indicators that demonstrates that the storm gets worse, the markets occurred a sonorous crash by the fear to the new chapter that is approached of the Great Recession. The banks sank in stock-market, the Italian bonds received a hard punishment by eleventh consecutive day, but mainly the debt of Greece indicates already unequivocally the way of the suspension of payments. Educate yourself even more with thoughts from Reade Griffith. The Greek bond to two years got to pay at some moments of the day types of interest of 50%, that indicated that the probability of bankruptcy is very, very elevated: the markets acquire in interests the capital that no longer perhaps recover. Source of the news: : The fear to another recession sinks stock-market and shoots the risk premium

Industrial Average

Industrial Average

Altogether 117,000 jobs were created. Continue to learn more with: Jonas Samuelson. In the private sector the number ascends to 154,000 new uses. In the USA they follow without use near 14 million people. The economy of the United States created in July 117,000 jobs, which made descend the index from unemployment one tenth a 9.1%, according to the Department informed into Work. In the private sector an increase of 154,000 jobs was registered.

The majority of the analysts had calculated an increase among 75,000 and 80,000 uses, which had maintained the index of unemployment in 9.2%. The improvement in the American labor panorama still leaves without use 14 million people, when they have already spent two years from the aim of the recession. After disclosing the governmental report, the transactions of futures raised: the Industrial Average of Dow Jones a 0.64%; the S& P 500 a 0.97% and the Nasdaq a 1.22%. At the same time the quotes of futures of gold and treasury bonds of the United States fell. Source of the news: Unemployment in the USA lowered one tenth in July with the creation of more than 100,000 uses