The ongoing rhetoric from Washington along with the "spin doctors" in the media are "painting a picture" of economic recovery. Unfortunately that picture is reminiscent of "Dorian Gray" where the "portrait" is the actual "recovery."
The concept of a “jobless recovery” is a bad joke, and the true unemployment and “underemployed” figure is closer to 17%. The “house of cards” is going to collapse at some point and I suggest strongly the implementation of protective strategic hedging programs.
The Brent vs. West Texas Intermediate oil spread came in to the lowest level in three years. The reason is clear. Based on global economic data most of the demand for oil is going to be in the United States as compared to a weak Asia and Europe.
U.S. stocks fell, erasing earlier gains, as the Standard & Poor’s 500 Index failed to hold above its average level from the past 50 days and investors awaited a monthly jobs report and the start of corporate earnings.