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Yen Benefits as Investors Shift Assets from Troubled Euro Zone
The Japanese Yen rose on Thursday as investors shifted assets out of the troubled Euro Zone on renewed budget turmoil in Greece. A spike in the cost to insure Greece’s sovereign debt triggered a flight to safety rally which fueled a turnaround in the Yen after earlier weakness. News that a similar situation is developing in Portugal also contributed to the Yen’s strength.
Class warfare politics is America's shame. The majority of Americans want the opportunity to succeed at something, to become rich and famous, even. We don't want free; we want affordable. We want to be in control of our own destinies. We want jobs, world-class education, and healthcare that doesn't have to look over its shoulder for ambulance chasers.
Health Care Reform or Welfare Program--- Who Pays the Bill?
If President Obama owned the New World Order Health Insurance Company, he would not be willing to insure an applicant with brain cancer nor would he be willing to pay an unlimited lifetime benefit to all insureds--- not without a premium that reflects the risks to his personal bank account.
We had a number of surprises in U.S. economic data this morning including the Philly Fed index and leading indicators, but the biggest surprise was definitely the decline in continuing claims. Since the beginning of the year, continuing claims, which measures the number of people continuing to claim unemployment benefits rose week after week, forecasting the rapidly rising unemployment rate.