Mark Weisbrot
The Guardian,
The real problem – and tragedy – is that the US is now following the ECB and European authorities down the path of austerity.
All money-managers' eyes were on the US jobs report Friday morning, after the US stock market yesterday suffered its biggest drop since 2009, and panic surged through financial markets worldwide. The headline numbers were not as bad as many had feared: the US economy added 117,000 jobs in July, and the unemployment rate edged down from 9.2 to 9.1%.
Link
The Guardian,
The real problem – and tragedy – is that the US is now following the ECB and European authorities down the path of austerity.
All money-managers' eyes were on the US jobs report Friday morning, after the US stock market yesterday suffered its biggest drop since 2009, and panic surged through financial markets worldwide. The headline numbers were not as bad as many had feared: the US economy added 117,000 jobs in July, and the unemployment rate edged down from 9.2 to 9.1%.
Link
