Friday, December 05, 2008

Employment, much worse then expected.

The employment number came out at -533,000. Expectations were for -335,000. On top of that there were major negative revisions to the two previous months. Bad numbers were expected but I think these were definitly off the charts. More government intervention is in the cards. Is there anyway the Govenment can let the automakers go under? I do not think so.

Here is the story from BLOOMBERG NEWS

Good Luck and Good Currency Trading.



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