To quote Billy Joel’s We didn’t start the fire-We didn't start the fire It was always burning Since the world's been turning Oil wells bursting in the gulf. War in Afghanistan and Iraq Possible Double Dip recession? Listening to the lyrics of that song it is a historical representation from the late 40s to the late 80s. It catalogs the nations events and challenges and the strife we as a country have seen and been part. In retrospect it seems that the country has been in worst places and again to quote Mr. Joel. “But when we are gone will it still burn on, and on, and on, and on...” Apparently as long as there are humans there will be burning.
I am interested to know your thoughts on the current environment of the country. What comes first? Jobs or the health of the corporation? Today’s news- Enjoy. June 4 (Bloomberg) -- Employers in the U.S. hired fewer workers in May than forecast and Americans dropped out of the labor force, showing a lack of confidence in the recovery that may lead to slower economic growth. http://www.bloomberg.com/apps/news?pid=20601087&sid=a0FzoElM6T4A&pos=2 June 4 (Bloomberg) -- Mohamed A. El-Erian, whose firm runs the world’s biggest mutual fund, says stock investors should brace for higher volatility after a report showed U.S. employers hired fewer workers than economists projected. http://www.bloomberg.com/apps/news?pid=20601087&sid=aP8qqdvRvyg8&pos=4
LONDON—European stocks slumped as a disappointing U.S. jobs report added to worries about the health of the European economy. The euro sank, with traders citing official comments on Hungary's woes and rumors of derivative problems at Société Générale. "We won't comment on market rumors," a spokeswoman for France's third-largest bank said, adding, "if we had something to say, we would have said it." Its stock was recently down 6.7%. http://online.wsj.com/article/SB10001424052748704764404575285842106470762.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsThird