Despite the disappointing jobs report for March, it’s very difficult to make a realistic case that the economy is falling off a cliff, or that some kind of double-dip recession is on the way. Or that a Ben Bernanke QE3 is likely.RealClearPolitics - The Economy Is Not Collapsing, Nor Will Stocks
Sure, the 120,000 gain in nonfarm payrolls -- roughly half of expectations -- is causing a downgrade in growth psychology. Ditto for the 31,000 drop in household employment. But if you smooth out these numbers over three months, payrolls have averaged a 212,000 increase, while small-business household jobs are still up a big 415,000.
Wednesday, April 11, 2012
Economist: The Economy is Not Collapsing, Nor Will Stocks
Breaking US Dollar Collapse News
What's Behind the Decline of the US Dollar?
This is one the of the best and simplest explanations we have seen:
The U.S. dollar's downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency. - Wall Street Journal, April 23, 2011Interestingly, the Federal Reserve is responsible for, or an active participant in all three of these factors.