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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (114498)	6/1/2012 10:16:27 AM
From: RetiredNow	Read Replies (3) \| Respond to of 149317

Oops. Looks like we're sinking. I've been warning for almost a year now that we'd see the beginning of a recession in the first half of 2012 and that everyone should position their portfolio for such an outcome. I personally made sure to invest defensively in DBLTX and PTTRX anticipating a stock market sell off and eventually another QE that would see the Fed inflate their balance sheet with more mortgage securities. So far, those calls have been prescient despite the derision on these threads. ------------------- May jobs report: Hiring slows, unemployment rises By Tami Luhby @CNNMoney June 1, 2012: 9:49 AM ET The May jobs report shows that employers added only 69,000 jobs, while unemployment rose to 8.2% NEW YORK (CNNMoney) -- Businesses hired far fewer workers than expected in May, throwing into doubt the strength of the economic recovery. Only 69,000 jobs were added last month, the weakest growth in a year. The unemployment rate rose to 8.2%, as people rejoined the labor force.