Unemployment stands at 9.7% (not very accurately measured, it seems) Anyway, the unexpected rise in privately generated employment is encouraging. This means the markets can resume the trend of the moment....UP But of course, the gambler asks, "for how long?"
The Baltic Dry Index has fallen dramatically, indicating low volumes of world shipping, and the world price of basic foods are up....usually a harbinger of rioting and social ills. This fall in world shipping puzzles me in light of the wave of optimism I read about business for this year. How can business be doing so well if we are not seeing shipping? I understand that business can do well while people can't get work (at least, it can do well for a while, although eventually they do need people to have money to buy their stuff) But don't they need to be shipping?
Do the stock markets have anything to do with the real economy? I suppose they do, if you can live through all the volatility created by casino trading. Anyway, I hope so.
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