First in half decade ....
Job growth went negative, resulting in 17,000 net jobs lost.
Hours worked and USD/hour also fell. A US Recession is here.
In less than 10 days, the US Fed cut 120 basis points. It is
their way of saying: "Houston, we have a problem." :)
Dutifully, US stock markets are set explode on open .... :)
PS: Wi****ng all here a happy and prosperous Chinese New Year.
Regards,
Albert K. Fung
La Brisas/Valle de Guadalupe, Baja California, Mexico.
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