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September CRASH Preview
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Poster Handle
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Dr. Feelgood |
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September will be just a preview for the really really BIG CRASH COME OCTOBER “We have a lot to worry about for the second half, as this recovery is losing steam,” said Scott Brown, chief economist at Raymond James & Associates Inc. in St. Petersburg, Florida. “The job market will remain pretty lackluster. There is no magic fix in terms of policy.” The jobs report, due from the Labor Department on Sept. 3, will also show overall payrolls fell 100,000 this month, reflecting the dismissal of temporary workers hired by the government to conduct the census, according to the survey median. The unemployment rate probably rose from 9.5 percent. [ link to www.bloomberg.com]
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