Feb 6, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions

More Government Spending Equals Fewer Jobs « Peter Schiff »

Posted: 06 Feb 2010 12:01 AM PST

With Friday’s unexpected decline in December payrolls, the cry for more job-related stimulus will grow even louder. But the sad truth is that any new stimulus or jobs bills will ultimately swell the ranks of the unemployed, thereby raising calls for an even bigger federal effort. If we are not careful, government regulations, subsidies, and spending, all designed to fight unemployment, could push the labor market into a death spiral.

Regulation acts like a tax on job creation. By … [visit site to read more]

Video: The Week Ahead « NYFP »

Posted: 05 Feb 2010 09:00 PM PST

The stories, data, and stocks that may have the greatest impact during the next trading session. … [visit site to read more]

Forex Trading: Marked Downtrend Bearishness In EUR/USD « James Chen »

Posted: 05 Feb 2010 08:01 PM PST

Price action on EUR/USD, a daily chart of which is shown, has displayed continued marked bearishness recently, strongly confirming a new downtrend in the pair. This new downtrend was initiated after the previous long-term uptrend was broken decisively to the downside in early December. After that breakdown, the bearish trend has been characterized by several short-term bullish retracements and consolidations in the form of inverted flag patterns, but each time these trend interruptions were … [visit site to read more]
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