The jobs numbers just came out at 830 this morning. They were above consensus if 155K for an add at +200K. This was a good number as the unemployment rate fell to 8.5%. I think the consensus view is that the tide is turning in the US, that the economy is finally bouncing back. If true, that's a boon for Obama in 2012.
The US is a continental country, meaning that its economy is mostly domestic with only a small percentage coming from outside via trade. That makes the US much less beholden...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.