With earnings reports due later this week, Clive Corcoran would focus on short-term trading opportunities with a tendency to do the converse to the bi-polar moves which are likely to be seen based on "news".
Employment may no longer be just a lagging indicator but may also be predictive. It is an interesting insight, which we will explore as we take a very deep look at US employment.
The real reason people are unemployed is that the price of labor is too high. We're in a period of price and debt destruction. Output prices are going down. So, labor prices should be going down too.
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