GGN- Economic News :: October 7, 2010

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . PLEASE SUBSCRIBE!!! (WSJ) Stocks slipped Thursday as jitters set in ahead of quarterly earnings reports and monthly jobs data, but better-than-expected employment and retail-sales numbers limited the decline. Expectations are for the government on Friday morning to report fewer payroll cuts than reported in August. Above, specialist Peter Giacchi works at his post on the floor of the New York Stock Exchange Oct. 7. The Dow Jones Industrial Average closed down 19.07 points, or 0.2%, to 10948.58. - (Reuters) - The dollar's downtrend gathered pace on Thursday as it slid to a 15-year low versus the Japanese yen and an all-time low against the Swiss franc on the prospect of more money-printing by the US Federal Reserve. - (Telegraph) The dollar will embark on a sharp decline over the next 12 months, Goldman Sachs forecast on Wednesday, as policy makers in Washington look poised to press the trigger on another round of printing money. - (Reuters) - Private employers unexpectedly cut 39000 jobs in September after adding an upwardly revised 10000 jobs in August, a report by a payrolls processor showed on Wednesday. HEADLINES Stocks Drop on Jobs Jitters bit.ly September Sales Topped Forecasts for US Retailers www.nytimes.com Dollar falls on policy, imbalance concerns www.reuters.com Dollar set for sharp decline, Goldman forecasts www.telegraph.co.uk Gold Hits Another Record As Inflation Fears Grow www.cbsnews.com www.reuters.com Unemployment claims drop, while job openings rise ...

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