Yesterday news out the US was ↓ and the markets fell Stocks fell, with emerging markets extending the longest slump in seven years, and copper declined after a Federal Reserve official signaled stimulus may be tapered in December and China’s leaders failed to outline reform measures. Today they decided this ↓ and guess what? Janet Yellen, nominated to be the next chairman of the Federal Reserve, said the economy and labor market are performing “far short of their potential” and must improve before the Fed can begin reducing monetary stimulus.
Posted on: Thu, 14 Nov 2013 07:35:37 +0000
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