"[Bernanke] argued that monetary policy will be able to do it the next time. I think that’s pretty unlikely... We’re going to have to rely on putting money in people’s pockets..."
...in a survey of 314 CEOs from South Korea, China and Japan, Korean business leaders had the most negative opinion of where the economy was headed – both domestically and globally.
The new measures are aimed at cracking down on Iran’s few remaining sources of export revenue and squeezing the nation’s economy to force its leaders back into negotiations for a new nuclear agreement.
The December payrolls report was a disappointing 145K, missing expectations of 160K (and the whisper number of 180K), and 111K lower from the downward revised 256K in December (revised from 266K).