Sunday, August 5, 2007

Dollar is down, market is down

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Contango Investing Blog http://thefountainhead.typepad.com/

US unemployment hits a six-month high

The fresh snapshot of employment conditions around the country, released by the Labour Department, also showed that new job creation slowed. Employers increased payrolls by 92,000 last month, the fewest add-ons in a single month since February.

Rip off Britain!

I wonder if the exchange rate is being fudged, because market forces should equalize the prices at both ends (after taxes). - M. R.


 

http://www.cnbc.com/id/15840232?video=452808336 Cramer loses it on CNBC (with good reason)

http://www.canada.com/nationalpost/financialpost/story.html?id=2f389d83-e576-4b34-876d-3991655db573&k=34315 Loonie won't reach parity, poll suggests

Weak US data put pressure on dollar

The dollar staged a broad retreat after weaker-than-expected US employment and business activity data overshadowed the turbulence of credit markets and focused minds back on the economy