Stocks higher on US job data - an ideal shorting opportunity as food and energy inflation takes center stage for economic collapse
Suma Dube
Sep. 3, 2010

US Labor Department reported that 54,000 non farm payrolls were lost during August. It was a good news short term. Stocks rallied worldwide overlooking the catastrophic crisis in the horizon - hyperinflation in food and energy.

In Europe, the FTSE 100 index of leading British shares was up 65.04 points, or 1.2 percent, at 5,436.08 while Germany's DAX rose 85.55 points, or 1.4 percent, at 6,169.40. The CAC-40 in France was 64.45 points, or 1.8 percent, higher at 3,695.88.

On Wall Street, the Dow Jones industrial average was up 120.11 points, or 1.2 percent, at 10,440.21 soon after the open while the broader Standard & Poor's 500 index rose 14.13 points, or 1.3 percent, to 1,104.23. Sentiment in the markets was buoyed by the news that the U.S. economy shed fewer jobs than anticipated during August and that private payrolls increased more than expected.

Though the Labor Department reported that 54,000 nonfarm payrolls were lost during August, that was much less than the 110,000 consensus in the markets and was mainly due to the axing of one-off census jobs. When government jobs are stripped out, employers added 67,000, double market expectations.

Stocks higher on US job data - an ideal shorting opportunity as food and energy inflation takes center stage for economic collapse
Suma Dube
US Labor Department reported that 54,000 non farm payrolls were lost during August. It was a good news short term. Stocks rallied worldwide overlooking the catastrophic crisis in the horizon - hyperinflation in food and energy.
READ MORE>>

A drop in purchasing managers index for private services companies signal weak economies in UK and US
Sondra Jahansen
The index of purchasing managers for private services companies was at 51.3 in August, down from 53.1 in July. It is at the lowest point since April 2009.
READ MORE>>

United States faces hyperinflation along with massive recession - the run awau prices of food, energy, softs, and metals accompanied with endless joblosses
Sam Adelton
American job outlooks are bleak. The financial markets are on emergency life support systems of the Federal Reserve. The commodity prices especially food, energy, softs, and metals are ready to hyper inflate.
READ MORE>>

How can Democrats win the November Election?
Sudhir Chadda
Is it really impossible? Sudhir Chadda explores how President Obama can turn the tide around and win the heart of America again.
READ MORE>>

A nasty $700 billion fiscal mistake by Bush Administration responsible for huge budget deficit : Treasury Secretary Timothy Geithner
Gautam Zaveri
The US budget gap, which hit a record $1.41 trillion in fiscal 2009 and is poised to grow wider this year, has unnerved many Americans.
READ MORE>>

US Dollar falling fast, demand from China and India creating the massive hyperinflation in the middle of US economic depression
Peter Oberois
A new economic term is emerging. It is not stagflation but hyper depinflation - it is really hyper inflation in the middle massive depression.
READ MORE>>

MORE ARTICLES >>