We were saddened to learn last week of the passing of Steve Jobs, Apple’s co-founder. His revolutionary vision and breakthrough products have tremendously impacted the technology industry. We wish the Jobs family and Apple all the best as we’ve lost a man who’s being hailed as this generation’s Albert Einstein. Here are some other headlines from the past week:
On a bright note, the U.S. economy added 103,000 jobs in September after a sluggish summer. With the unemployment rate remaining at 9.1 percent, the economy isn’t showing immediate worries of a new recession, according to the Oct. 7 Non-Farm Payroll. The Oct. 5 ADP Non-Farm Payroll, which isn’t tandem with the Non-Farm Payroll, showed a gain of 91,000 jobs in the private sector. That gain was higher than the 76,000 jobs experts forecast. Regardless, financial experts are still touting that today’s “recession” has topped The Great Depression of 1929 because of impacts from national debt, home prices and falling Gross Domestic Product. As many Americans worry about finances, some residents in the San Francisco Bay Area have innovated a solution: they’ve created their own community currency, aimed at keeping money squarely in their own municipality. The initiative began this past June as a way to promote awareness of supporting local merchants and small businesses. Across the country, the Occupy Wall Street movement has been expanding as activists continue to voice concerns about the economy. Amid the world economic crisis, it’s no surprise that alternative investment funds have edged out more traditional investment opportunities such as the stock market. Financial experts say alternative funds have demonstrated “their potential effectiveness in helping to build more robust, diversified portfolios.” We think so too.
- World intrigued by "Occupy Wall Street" movement, Reuters, Oct. 11, 2011
- U.S. small business confidence inches up. Financial Times, Oct. 11, 2011
- The legacy of Steve Jobs, Washington Post, Oct. 7, 2011
- Economy Adds 103K Jobs, Rate Stays 9.1 Percent, Associated Press, Oct. 7, 2011
- Community Currencies Aim to Aid Merchants, Wall Street Journal, Oct. 6, 2011
- Easing the Sting of Falling Stock Prices, Wall Street Journal, Oct. 5, 2011
- ADP Non-Farm Payrolls Rise – Appetite for Risk Follows, Forex Crunch, Oct. 5, 2011
- Why Today's 'Recession' Tops The Great Depression, Forbes, Oct. 3, 2011
Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results. Investor returns may vary from Trade Leader returns based on slippage, fees, broker spreads, volatility or other market conditions.