Posted in Uncategorized on August 1, 2008 | Leave a Comment »
Market Update
The jobs report, though better than expected, revealed continuing weakness in the labor market and suggested more sluggish times ahead for the US economy. Earlier, investors initially reacted favorably to the Labor Department’s employment report, which showed that US nonfarm firms cut 51,000 jobs in July. Though that was the seventh straight drop, [...]
Posted in Uncategorized on August 1, 2008 | Leave a Comment »
Market Update
The bond market is down this morning following the signing of a federal housing relief bill and the release of encouraging employment data. Wednesday morning, President Bush signed into law a housing bill that would help struggling homeowners and offer support for troubled mortgage companies Fannie Mae & Freddie Mac.
Citing ongoing fragility in [...]
Posted in Uncategorized on August 1, 2008 | Leave a Comment »
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