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Strategies & Market Trends : Currents of Currency

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From: The Wharf7/2/2012 10:30:17 AM
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Futures declined as much as 1.6 percent after gaining 9.4 percent on June 29. The jobless rate in the euro area probably rose to 11.1 percent in May from 11 percent the prior month, economists surveyed by Bloomberg News said before data today. It would be the highest on record going back to 1990. China's manufacturing activity slowed in June, according to HSBC Holdings Plc and Markit Economics. A European embargo on Iranian oil started yesterday

Jobless rate in LA is around 11 percent too CA 10 something. I am thinking price earnings PE projections that are in the future and in some cases those figures make no sense as if the unemployment is high world wise future earnings on product sales will decrease.

The is a problem here that the financial industry is very large and dollars that surround it are enormous. Currency creation that increases stock price and of course the long range problem of earnings meeting price at some future date. What happens to stock price if you have increased unemployment world wide.? How far in the future can you project the date too? Not easy to figure out as in past years technology development was slower. Progress in this area is much more rapid than it was problem is economy at present is not able to afford the progress.

Back to a ladder missing far to many middle steps.
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