expectations

After their Nov 2nd meeting, the Federal Reserve released a statement very similar to that from their last meeting, except for some brighter semantics and worse expectations. The central bank now expects unemployment to remain above 8% into 2013.

The already manipulated unemployment rate still saw a hike in November, with today's BLS report showing 9.8% unemployment. Payrolls increased by only 39,000 as opposed to the ~150,000 that was expected. The report sours optimism on recovery after people speculated on strong numbers for November...

France announced today that it would contribute 80 troops to NATO forces in Afghanistan. The news came as a disappoint to some countries, namely the US, which expected around 1000. France was expected to contribute more in light of troop removals from Kosovo, but French President Nicholas...