“The number of U.S. workers filing new claims for jobless benefits unexpectedly rose 15,000 last week, a government report showed Thursday, fanning worries of an anemic recovery from the worst recession in 70 years. Initial claims for state unemployment insurance benefits rose to 576,000 in the week ended Aug. 15,” reports CNBC.
* “Stocks held onto gains Thursday after a slew of economic data, including an encouraging report on manufacturing. Bank of America and JPMorgan led the Dow. Stocks had initially opened lower, after a surprise jump in jobless claims. World stock markets rose, with China erasing its troubling 5% drop from the previous day,” reports CNBC.
* Slow Growth and The Greenback Effect: “Unchecked greenback emissions will certainly cause the purchasing power of currency to melt says billionaire Warren Buffet in NYTimes. “The United States is spewing a potentially damaging substance into our economy — greenback emissions. The U.S. economy is now out of the emergency room and appears to be on a slow path to recovery. But enormous dosages of monetary medicine continue to be administered and, before long, we will need to deal with their side effects. Washington’s printing presses will need to work overtime.”
* The Morality Hazard of the Fed: “Because the creation of fiat money is a moral issue more than an economic issue, it is for this reason that the people have lost trust in their government, trust in the banks, trust in business, trust in themselves, and that we are a nation of distrust,” writes Cong. Ron Paul in his upcoming book “End The Fed”. “This is the ultimate moral consequence of the Federal Reserve System: We have become a nation of distrust. Until we regain that trust, the future looks bleak,” reports BullnotBull.
* Pimco Says Dollar to Weaken: “The world’s biggest manager of bond funds said the dollar will weaken as the U.S. pumps massive amounts of money into the economy. ‘The dollar will drop the most against emerging-market counterparts. The greenback is losing its status as the world’s reserve currency, writes Curtis A. Mewbourne, a Pimco portfolio manager,” reports Bloomberg.
| IN ONE HOUR OF TRADING YOU CAN MAKE MORE MONEY THAN MOST PEOPLE DO SLAVING AT A DEAD END JOB ALL WEEK LONG… |
 I didn’t believe it either until I saw the proof with my own eyes…
Click here for the full report Genius chess player with a certified I.Q. of 157 unveils his ‘sneaky’ (and 100% legal) trading system which can… … secure net profits up to $1250 |
