Friday, September 05, 2008

Bad news is bad news

Unfortunately, I fear that anything positive to come out of St. Paul this week, in terms of the Presidential race, will have far less impact on the election than this...
The U.S. jobless rate unexpectedly jumped in August to a nearly five-year high as employment fell for an eighth-straight month..."

Whatever adjustments are eventually made, whatever the fundamentals actually are, expect to hear this news get flogged non-stop for the next eight weeks.

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