Contrarian Stock Market Investing News - Featuring Bargain Stocks

Saturday, November 22nd, 2008

Posts Tagged ‘ John Browne ’

US Job Losses up to 5.5%… Biggest Jump Since 1986

Jun 6th, 2008 | By Marc | Category: Featured, Financial News

The US unemployment rate rose to 5.5% in May, the biggest jump since 1986.

The picture would be even bleaker were it not for controversial changes in statistical methodology at the US Department of Labor, says Dave Gonigam in The Daily Reckoning.

Slowly but surely, awareness is growing that government economic figures are being cooked.

Tags: Dave Gonigam, Government Statistics, John Browne, Labor Department, Unemployment, US unemployment
Posted in Featured, Financial News | No Comments »

More Fed Rate Cuts on the Way?

Apr 4th, 2008 | By Contrarian Profits | Category: Featured, Financial News, Politics & Economics

Ben Bernanke’s testimony yesterday in front of congress is being taken by Wall Street as a signal that the Fed is prepared to continue to lower interest rates.

According to Bloomberg, traders now see a one-in-five chance of a half-point reduction in the benchmark rate, to 1.75 percent, at the April 29-30 Fed meeting.

Bernanke told congress yesterday that the Fed is “ready to respond to whatever situation evolves,” and referred to “considerable stress” in markets.

Tags: Ben Bernanke, credit crisis, Daily Reckoning, Fed Meeting, Federal Reserve, Hank Paulson, Hyperinflation, Inflation Risks, John Browne, New York Fed, Treasury Secretary
Posted in Featured, Financial News, Politics & Economics | No Comments »

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