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RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 02/07/10 (Non-Farm Special)

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Fri, 07/02/2010 - 07:53 | 448670 jkruffin
jkruffin's picture

Anyone see the news where Schwarzenegger is forcing state employees to have their wages cut to minimum wage?  There are going to be riots in California.  Why work for minimum wage when you can just go home and collect unemployment for 99wks for the same money?  Duh.

Fri, 07/02/2010 - 08:11 | 448686 homersimpson
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"Why work for minimum wage when you can just go home and collect unemployment for 99wks for the same money?" Well, in CA, that latter option is  STILL much cheaper than having the worker be "working" at his/her gov't job.. At least if the "poor" worker is on unemployment, the state will be off the hook from contributing to his/her overbloated and expensive taxpayer-funded pension fund.

Fri, 07/02/2010 - 07:56 | 448671 newstreet
newstreet's picture

I sense SNB intervention again this morning.

Fri, 07/02/2010 - 08:04 | 448678 hellboy
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us markets open euro goes up, gold goes down....

Fri, 07/02/2010 - 08:08 | 448680 Careless Whisper
Careless Whisper's picture

dewd, u didn't even wish us a happy 4th of july. well, i gave u 5 stars anyway cause u tha man. thanks for the morinin update.

Fri, 07/02/2010 - 08:20 | 448696 Oh regional Indian
Oh regional Indian's picture

Kind of like Govt. CPI numbers, everyone knows... doesn't everyone... that the jobs numbers are the most cooked, goosed and marked to model than even the CPI.

In that case, why wait breathlessly for it?

I think street-checks will tell the better story anyday.

But that would be too real!

ORI

http://aadivaahan.wordpress.com

Sat, 08/21/2010 - 11:03 | 534677 herry
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