Posted on 11/06/2012 12:06:06 PM PST by whitedog57
Sadly for the people of New Jersey and New York, the New York ISM Current Business Conditions Index fell to 45.9 signalling contraction.
The employment index fell to 47.8 after 4 months of above 50 readings.
This came after a poorer than anticipated job openings reports (JOLTS). The print for September was 3561 which is exactly the same as the print for August, although the August number was revised higher to 3661. Hence, job openings actually fell in September.
The numbers within the yellow box show that job openings have been level since early 2012.
Gold rose this morning to 1721 before backing off to 1714. That is a big jump in prices from the previous close of 1683.
(Excerpt) Read more at confoundedinterest.wordpress.com ...
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Its a forecast of uncertainty about the future. IMHO the fear and doubt that is gripping our whole civilization is the single greatest cause of the continuing economic problems. "We have nothing the fear but fear itself."
The fear will only get worse if this election goes the wrong way...
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