Friday, November 04, 2016

An unemployment rate of 4.9 is unheard of. We need a minimum wage of $15.00 per hour.

November 4, 2016
By Ana Swanson

The U.S. labor market (click here) continues to show signs of gradual strengthening, with newly released government data showing the economy added 161,000 jobs last month. Annual wage growth surged to levels not seen since the financial crisis, while the unemployment rate dipped to 4.9 percent in October from 5 percent the previous month.

While monthly job gains for October were slightly below expectations -- economists surveyed by Bloomberg News had expected U.S. employers to add 173,000 new jobs last month -- the Labor Department on Friday also revised upward its estimates for job creation in August and September, adding a combined 44,000 jobs. Some economist also cautioned that Hurricane Matthew may have temporarily prevented businesses from adding to their payrolls....

I think it is more than the USA elections that have the global markets nervous. The UK Courts found that Brexit has to move to the Parliament. That is amazing to me. The democracy in the UK really isn't all that much of a democracy, now is it? The people passed a national referendum and courts demand the Parliament to approve. Where is that democratic? 

I suppose is a Michigan Governor can override a referendum the Parliament is entitled to do the same.

I think more then the reversal of Brexit by a British court, the world realized the FBI wants anarchy over and above orderly transfer of power in an election. That is scary. The heretics in the FBI worries the global economy more than any other aspect of the current state of the global economy.

November 5, 2016
By Saqib Iqbal Ahmed

Global equity markets (click here) slipped on Friday on investor fears about the outcome of Tuesday's U.S. presidential election, while oil prices fell on worries about surging inventories and whether OPEC members will adhere to planned production limits.

Election-related jitters sent the U.S. dollar to a more than one-month low against the safe-haven Swiss franc, while weakness in oil prices raised concerns about low inflation and pushed U.S. Treasury prices higher.

A dismal outing for Asian and European share indexes weighed on MSCI's 47-country "All World" index .MIWD00000PUS, which was down 0.43 percent, finding little support from Wall Street.

The S&P 500 .SPX ended lower for a ninth straight day, the longest losing streak for the benchmark index in more than 35 years, as investors stayed on edge ahead of the uncertain U.S. election.

Investors have been unnerved by signs of a tightening presidential race between Democrat Hillary Clinton and Republican Donald Trump....