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Title: Obamanomics Report: Asian stocks down on lousy US jobs report
Source:
Big Government
URL Source: http://biggovernment.com/publius/20 ... -down-on-lousy-us-jobs-report/
Published: Sep 5, 2011
Author: Publius
Post Date: 2011-09-05 04:41:57 by Happy Quanzaa
Keywords: Obama-doma-ding-dong, Obamatuer Hour, Obamanomics in Action
Views: 2727
Comments: 8
Asian stocks down on lousy US jobs report
From the Associated Press:
Asian stock markets took a beating Monday after U.S. job creation ground to a halt in August, reviving fears of a recession in the world’s largest economy.
Japan’s Nikkei 225 stock average was down 1.7 percent at 8,797.89 with sentiment also undermined by the persistent strength of the yen against the dollar, which hurts exporters.
Australia’s S&P/ASX 200 fell 2.2 percent to 4,148.50 and South Korea’s Kospi slid 3 percent to 1,811.44. Hong Kong’s Hang Seng fell 2.2 percent to 19,768.09. Benchmarks in Singapore, Taiwan, the Philippines and mainland China were also down.
Companies that particularly count on brisk economic growth to fuel their revenues were hit hard. Japan’s Hitachi Construction Machinery lost 4.2 percent. Energy Resources of Australia Ltd. tumbled 4.7 percent.
The Dow Jones industrial average closed 2.2 percent lower Friday, wiping out its gain for the week, on the heels of the dismal jobs report.
The Labor Department reported that no jobs were added in the U.S. in August. It was the worst employment report in 11 months and renewed fears that another recession could be on the way.
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Asian stock markets took a beating Monday after U.S. job creation ground to a halt in August
They haven't heard hObama's jobs speech yet. He's continually improving his list of excuses.
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.
#2. To: Happy Quanzaa (#0)
So close to a Fukushima article, Happy.
Japanese aren't really worried about the stock market....;}
Cesium 137 in every child's bloodstream.
All rice contaminated in Kanto Region....
#3. To: All (#2)
And I can remember 10 years ago, when World Trade stopped as the US markets were closed.
Before we became just another third World Nation:
DAX (XETRA: ^GDAXI ) Index Value: 5,290.36 Trade Time: 9:37AM EDT Change: Down 247.97 (4.48%
#4. To: All (#3)
Happy Corporation Day, Amerika! 8D
#5. To: All (#4)
I wonder what it would take to get the Top Talkin' Heads back on tv today.
Europe down 10%?
CAC 40 (Paris: ^FCHI ) Index Value: 2,992.27 Trade Time: 9:54AM EDT Change: Down 156.26 (4.96%)
#6. To: All (#5)
CAC 40 (Paris: ^FCHI ) Index Value: 2,985.26 Trade Time: 10:00AM EDT Change: Down 163.27 (5.19%)
#7. To: All (#6) (Edited)
I can remember 10 years ago when SocGen was a credible institution:
STE GENERALE-A- (Paris: GLE.PA ) Last Trade: 20.27 Trade Time: 9:46AM EDT Change: Down 1.89 (8.53%)
That's lower than the Aug 19 Debacle.
Black Tuesday. False Flag Maybe?
"We're headed into a world not of "jobs" but of vocations, trades, crafts, situations, and a lot of casual labor, largely self-guided by those with who possess a functioning internal compass. Obama can pretend to keep the old way going, but that pretense will be along the same lines as keeping insolvent banks going."
#8. To: All (#7)
I bet the Federal Reserve has an intimate relationship with SocGen:
"federal reserve balanc sheet sept 2011
The Fed only recently has delved into the mortgage buying game and did so with the gusto of a kid in a candy shop. The Fed through Quantitative Easing has purchased over $1 trillion in mortgage backed securities from the too big to fail banks. The Fed has also inherited luxury hotels, fast food restaurants, and other failed projects that require banks to be bailed out. Of course this has come at the expense of a declining dollar. The pain being felt in the economy is simply a symptom of a central bank built on darkness and keeping the public completely ignorant to its doings. This was the purpose of the Fed from day one. Reading about the founding of the Fed is like reading about a Skull and Bones initiation:
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