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June 2nd, 2012 
FAKE NEWS for the Zionist agenda
The Fed’s current stimulus programme – known as Operation Twist – is set to
finish at the end of the month. “The Fed will not sit idle as the
economy slows,” said Michelle Meyer, an economist at Bank of America.
Economists at Bank of America expect the Fed to embark on further
quantitative easing in either August or September.
On a day when fear swept through financial markets, some economists pointed
out that a very mild winter in the US had exaggerated the extent of the
slowing in the jobs market. Companies that would normally have done their
hiring in April and May brought it forward because of the warmer weather in
the first quarter, said Steven Wieting of Citigroup.
Nevertheless, the overwhelming sensation for investors and many Americans
yesterday was one of deja vu. The first four months of 2011 saw encouraging
jobs growth, which stopped abruptly in May, as Europe’s debt crisis
deepened.
“It does now appear that the global slowdown, and events in Europe
particularly, are beginning to have a more marked impact on the US economy,”
said Paul Ashworth, an economist at Capital Economics.
The report also underlined that the picture for America’s long-term unemployed
remains alarming. Those people who have been without work for at least six
months accounted for 42.8pc of the total number of unemployed in May, up
from 41.3pc in April. The number of those who are underemployed – including
those having to settle for part-time work, climbed to 14.8pc from 14.5pc.
After buoying President Barack Obama in the first four months of the year,
Friday’s report will have made uncomfortable reading in The White House.
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