Economist: The Economy is Not Collapsing, Nor Will Stocks

Really?

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.
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.

RealClearPolitics - The Economy Is Not Collapsing, Nor Will Stocks

Report: US Dollar Ready to Collapse at Critical Level with FOMC Minutes Ahead

Heading down, anyone?

You couldn’t miss it: the US dollar was under pressure through the opening day of the week / month / quarter. Is this a sign for what is in store for the currency through the immediate future or is this still volatility without clear direction. Regardless, the benchmark is staring down serious levels of support and we are starting to see bigger waves on the fundamental plane. If we are waiting for a spark to set things off, FX traders should be ready for the event risk on the docket. Before we set the sensitivity dial to high, however, it is important to understand what the primary themes for the dollar are – in other words, what could get the market moving. The recent boost the greenback extracted from the bounce in rate expectations and Treasury yields has notably backed off.

Dollar Ready To Collapse At Critical Level With FOMC Minutes Ahead - TheStreet