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World markets plunge despite strong US jobs data
AP on Yahoo ^ | 5/7/10 | Pan Pylas - ap

Posted on 05/07/2010 11:26:55 AM PDT by NormsRevenge

LONDON – A strong set of U.S. jobs data Friday failed to shore up confidence in world markets as stocks plunged again amid mounting fears that Europe's debt crisis could spread and derail the global economic recovery.

In Britain, where investors were grappling with uncertain general election results, the FTSE 100 index slid 209.98 points, or 4 percent, at 5,051.01, while the pound oscillated wildly.

Germany's DAX slid 226.05 points, or 3.8 percent, to 5,682.21 while the CAC-40 in France was 112.56 points, or 3.2 percent, lower at 3,443.55.

And on Wall Street, the Dow Jones industrial average plunged 210.09 points, or 2 percent, to 10,310.23 soon after the open while the broader Standard & Poor's 500 index tumbled 26.30 points, or 2.3 percent, to 1,101.85.

There had been hopes that Wall Street would open higher after strong U.S. jobs data helped push other concerns, primarily centered on Europe's debt crisis, aside for a while.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; Foreign Affairs; News/Current Events
KEYWORDS: communism; data; eu; greece; jobs; plunge; socialism; worldmarkets
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1 posted on 05/07/2010 11:26:56 AM PDT by NormsRevenge
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To: NormsRevenge

“strong US jobs data?” BAAWWAAAHHHHHHHH....No...they are seeing through the LIES.....


2 posted on 05/07/2010 11:28:19 AM PDT by goodnesswins (Destroy AMERICA.....Vote DEMOCRAT)
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To: NormsRevenge

The AP is a joke. Do you post this with no comments to pimp for AP Yahoo or do you belive this s**t?


3 posted on 05/07/2010 11:29:04 AM PDT by Frantzie (McCain=Obama's friend. McCain/Graham = La Raza's Senators & Estefan-Rubio)
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To: goodnesswins

Strong jobs data as compared to where it will be in a year from now.


4 posted on 05/07/2010 11:29:10 AM PDT by Drill Thrawl (Another day, another injury, another step closer. Are you prepared?)
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To: NormsRevenge
Strong U.S. Jobs Data.

Someone’s on crack-—foo!

Had to add that.

:)

5 posted on 05/07/2010 11:29:18 AM PDT by TFMcGuire (Life is tough. It is even tougher if you are stupid--John Wayne)
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To: goodnesswins

Strong jobs data means “fake” unemployment rises to 9.9% and real unemployment rises to 17.1%...


6 posted on 05/07/2010 11:29:52 AM PDT by Special Agent Anthony DiNozzo (SCORE!!! And in Paris, no less. MOO HA HA HA HA HA HA!!!!!)
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Meanwhile..

Europe tries to douse debt crisis

RAF CASERT and ELENA BECATOROS, Associated Press Writer

BRUSSELS – Amid ruthless financial turmoil, German Chancellor Angela Merkel urged European leaders to sharpen the core rules underpinning the euro to avoid debt crises like the one which has pushed Greece to the brink of bankruptcy and threatened other fragile eurozone nations.

"We must sharpen the edge" of the rules to keep wayward governments in line, Merkel said, adding the 16 eurozone leaders should also consider changes to the 1992 treaty that laid the groundwork for the shared currency. "Otherwise, it won't work, in my opinion."

The euro has rules to stop governments from undermining it with reckless spending, limiting deficits to 3 percent of gross domestic product. Those rules were shown to lack teeth when even big countries such as Germany and France broke them without serious consequences.

--snip--

7 posted on 05/07/2010 11:30:30 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Chuck DeVore - CA Senator. Believe.)
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To: NormsRevenge

“There had been hopes that Wall Street would open higher after strong U.S. jobs data”

I agree with the above posters. Anyone with “skin” in the game knows this is a joke. Bwahahahahahahahahahahahaha.


8 posted on 05/07/2010 11:30:41 AM PDT by Parley Baer
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To: Drill Thrawl
"Strong jobs data as compared to where it will be in a year from now."AH! Then it makes perfect sense.
9 posted on 05/07/2010 11:31:08 AM PDT by moehoward
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To: NormsRevenge
From the article:

However, the jobless rate rose to 9.9 percent from 9.7 percent.

Oops.

10 posted on 05/07/2010 11:31:14 AM PDT by library user
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To: NormsRevenge

American Pravda at it again.................


11 posted on 05/07/2010 11:31:46 AM PDT by Red Badger (When you see Jerusalem being surrounded by armies, you'll know that its desolation is NEAR. Luke 21)
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To: Red Badger

All those Census jobs “padding” the jobs numbers...


12 posted on 05/07/2010 11:33:25 AM PDT by halo66
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To: NormsRevenge
World markets plunge despite strong US jobs data

Many people will question the use of the adjective -- strong.
13 posted on 05/07/2010 11:33:30 AM PDT by SeekAndFind
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To: NormsRevenge
Administration says new jobs made are phenomenal. However, the pesky unemployment percent has gone up. Don't worry, they say. It's because so many people entered the job market is why the unemployement percentage went up.

Pray tell, how do a bunch of new workers translate to a higher unemployment percentage? Are these 'new workers' automatically unemployed? Since the unemployment percentage is based on those getting unemployment payments, are these 'new workers' entering the market automatically qualifying for unemployment?

I'll tell you one thing for sure. This administration is full of more shit than a Christmas turkey.

14 posted on 05/07/2010 11:33:32 AM PDT by Gaffer ("Profiling: The only profile I need is a chalk outline around their dead ass!")
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To: Frantzie

This is an ap wire piece, I post off yahoo but could link it off of any number of sites.

If I feel like posting a comment, I will.

btw, I am not a shill for yahoo or anyone.

Check your IFF. ;-)


15 posted on 05/07/2010 11:33:58 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Chuck DeVore - CA Senator. Believe.)
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To: NormsRevenge

Government to hire many more unicorn tenders soon, anticipates vast demand.


16 posted on 05/07/2010 11:34:22 AM PDT by NaughtiusMaximus (Yes, we are the good guys today and we always will be the good guys.)
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To: NormsRevenge

Our media are tools.


17 posted on 05/07/2010 11:35:19 AM PDT by GeronL (http://libertyfic.proboards.com << Get your science fiction and fiction test marketed)
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To: GeronL

You got it. They have lost their bearings.


18 posted on 05/07/2010 11:36:39 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Chuck DeVore - CA Senator. Believe.)
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To: NormsRevenge

that “strong US jobs data” is not as strong as the waft of BS over the AP reporting


19 posted on 05/07/2010 11:36:45 AM PDT by silverleaf
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To: Red Badger

Pravada was more objective than the AP, CNN, CBS, ABC, MSNBC, et al.

Fox/Saudia is catching up with them. Boycott and cancel TV.


20 posted on 05/07/2010 11:36:50 AM PDT by Frantzie (McCain=Obama's friend. McCain/Graham = La Raza's Senators & Estefan-Rubio)
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To: NormsRevenge

They are nothing but propaganda mouthpeices for the far left.


21 posted on 05/07/2010 11:37:24 AM PDT by GeronL (http://libertyfic.proboards.com << Get your science fiction and fiction test marketed)
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To: Frantzie

Frantzie, Frantzie, you are off-base here. AP headlines, like those from the NYT, CBS, MSNBC and so many others require no commentary, no cautionary text.

Freepers don’t have to pass a written loyalty test every time they post articles from these sources. We instantly get that the article is gibberish, and that it has been put up for ridicule.


22 posted on 05/07/2010 11:38:11 AM PDT by agere_contra
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To: NormsRevenge

I heard the eurolenders (German) are demanding the Greeks privatize their healthcare system

if so, oh the irony


23 posted on 05/07/2010 11:38:47 AM PDT by silverleaf
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To: GeronL

eventually , they’ll fold up like wilted flowers in the desert of the internet.. we just have to keep the heat on them.


24 posted on 05/07/2010 11:39:02 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Chuck DeVore - CA Senator. Believe.)
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To: NormsRevenge

The world no longer believes you bastards either.

LLS


25 posted on 05/07/2010 11:39:27 AM PDT by LibLieSlayer ( WOLVERINES!)
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To: NormsRevenge
A strong set of U.S. jobs data Friday failed to shore up confidence in world markets...

Probably because everyone realizes the "strong set of U.S. jobs data" is a bunch of BS.

Hunkering down time is far from over. Some days it seems like hunkering down time extends itself exponentially.

26 posted on 05/07/2010 11:40:13 AM PDT by upchuck (If you want a picture of the future, imagine a boot stamping on a human face -- forever. "1984")
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To: agere_contra

Time for a beer summit yet.. I hope Merkel brings some this time... and some beer maidens too.. :-)


27 posted on 05/07/2010 11:40:18 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Chuck DeVore - CA Senator. Believe.)
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To: NormsRevenge
Take off the census workers, the temp “6 Flags” type worker and we get almost no increase. It’s a shell game that’s not fooling anyone. If one takes the first time unemployment claims and subtract the number of jobs “created” then there is still a net loss of employment.
28 posted on 05/07/2010 11:40:52 AM PDT by tobyhill
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To: NormsRevenge; abb

I cannot wait for the day when the MSM is just another URL


29 posted on 05/07/2010 11:41:03 AM PDT by GeronL (http://libertyfic.proboards.com << Get your science fiction and fiction test marketed)
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To: agere_contra

It gets tiring wading through the propaganda BS in almost every post. Ditto the endless pitbull stories or the stupid semi-satires. “we need more balance.” ;-)


30 posted on 05/07/2010 11:41:13 AM PDT by Frantzie (McCain=Obama's friend. McCain/Graham = La Raza's Senators & Estefan-Rubio)
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To: upchuck

Hunkering down time is far from over. Some days it seems like hunkering down time extends itself exponentially.

the same might be said for the continued infatuation with Rinos by the state and national GooP and even a few here at FR. 8]


31 posted on 05/07/2010 11:42:10 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Chuck DeVore - CA Senator. Believe.)
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To: NormsRevenge

Traders don’t want to be long over a weekend - a lot can happen.


32 posted on 05/07/2010 11:42:16 AM PDT by Menehune56 ("Let them hate so long as they fear" (Oderint Dum Metuant), Lucius Accius, (170 BC - 86 BC))
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To: NormsRevenge

Apparently, people investing there own money can read the actual job reports as opposed to AP propaganda.


33 posted on 05/07/2010 11:42:29 AM PDT by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem.)
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To: GeronL

404


34 posted on 05/07/2010 11:42:49 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Chuck DeVore - CA Senator. Believe.)
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To: NormsRevenge

“There had been hopes that Wall Street would open higher after strong U.S. jobs data helped push other concerns...”

Yeah, well not all of us were born yesterday.

Beck’s been right all along on this.


35 posted on 05/07/2010 11:42:49 AM PDT by Kimberly GG ("Path to Citizenship" Amnesty candidates will NOT get my vote!)
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To: NormsRevenge

Oh man, somebody post those beer-maidens up!

One upshot from all this Greek Tragedy: I certainly have more respect - and empathy - for the Germans than I used to.


36 posted on 05/07/2010 11:43:06 AM PDT by agere_contra
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To: NormsRevenge
"... strong US jobs data". ROTFL!!!

The Obamanoids in his state run "media" are a hoot! They'll say anything to defend and pimp for their "messiah". Those who don't care about their own credibility are worthless human beings.

37 posted on 05/07/2010 11:43:31 AM PDT by FlingWingFlyer (Had enough "history" yet?)
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To: Frantzie

Fair point :0)


38 posted on 05/07/2010 11:43:53 AM PDT by agere_contra
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To: NormsRevenge

lol


39 posted on 05/07/2010 11:44:48 AM PDT by GeronL (http://libertyfic.proboards.com << Get your science fiction and fiction test marketed)
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To: NormsRevenge

“...despite strong US jobs data”

— — —

What species of toads are these stupid libs licking?

Employment rate dropped again, the jobless claims are still rising, and the stock market is tanking.


40 posted on 05/07/2010 11:44:51 AM PDT by HighWheeler
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To: NormsRevenge
Yesterday it was Simon and Garfunkel (Slip Sliding Away) with the "Stocks Sliding Away.".... today with this news spin it is Vic Reeves

Dizzy, I'm so Dizzy, my head is spinning Like a whirlpool, it never ends And it's you girl, making it spin you're making me Dizzy, my head is spinning Like a whirlpool, it never ends And it's you girl, making it spin you're making me Dizzy

41 posted on 05/07/2010 11:44:51 AM PDT by Repeat Offender (While the wicked stand confounded, call me with Thy Saints surrounded)
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To: NormsRevenge

The AP propoganda machine would have made Joseph and Vladimir proud.


42 posted on 05/07/2010 11:44:52 AM PDT by diplomatic_immunity
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To: NormsRevenge
If there was ever a time for this graphic, this is it


43 posted on 05/07/2010 11:44:54 AM PDT by bert (K.E. N.P. +12 . Ostracize Democrats. There can be no Democrat friends.)
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To: NormsRevenge
Strong US jobs data when the unemployment rate has gone UP!!!!!!!!! Spin, spin, spin...


44 posted on 05/07/2010 11:45:04 AM PDT by avacado
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To: NormsRevenge

Any system of pegging the unemployment rate that shows unemployment going up by 0.2% when there are 275,000 jobs added, causes me to lose some faith in the validity of the process. That’s predicated on the idea that more jobs weren’t lost than there were gained. And that seems to be what’s revealed here.

What is the real unemployment rate? Does anyone actually know?


45 posted on 05/07/2010 11:46:14 AM PDT by DoughtyOne (Be still & kneel before the know-nothing Omnipotent One, Il Douche' Jr., may fleas be upon him.)
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To: halo66

I actually heard an administration hack say proudly that of the 250,00 new jobs, “only” 50,000 were census jobs this month.


46 posted on 05/07/2010 11:46:37 AM PDT by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
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To: NormsRevenge

Unfortunately, the “market” sees what is happening, not a State-educated Obama fellator journalist who continues to spin lies as Washington burns.


47 posted on 05/07/2010 11:47:13 AM PDT by wac3rd (Prepare for the November 2010 Tsunami)
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To: DoughtyOne
The U6 rate is about 17%

The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts "marginally attached workers and those working part-time for economic reasons." Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the "marginally attached workers" include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over

48 posted on 05/07/2010 11:48:49 AM PDT by agere_contra
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To: Frantzie

balance?

naaah.. the beauty of FR is that you don’t have to click on the thread if you don’t want to.

don’t begrudge a lot of us here for posting this stuff , you aren’t as out of touch as many so you’re not a good target. this one begs for ridicule, one of the few things many of us can afford to ladle out these days.

fwiw, the title says it all sometimes and is worth its weight in gold and reinforces how those who would hold sway over the masses are willing to skirt the truth and twist things for their own purposes.

that being said, we wouldn’t want to waste your time or ours, now go pull some weeds or sumthin’... unless your from Minniesoda, then go shovel some snow.. yes, snow , In May.. ;-}


49 posted on 05/07/2010 11:49:10 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Chuck DeVore - CA Senator. Believe.)
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To: NormsRevenge

What strong jobs data would that be?

Unless they mean the lack of jobs ought to have thrilled the euroweenies.


50 posted on 05/07/2010 11:51:08 AM PDT by Carley (WE CAN SEE NOVEMBER FROM OUR HOUSE)
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