What jobs report? Global stocks falter on weak outlook for global economy
So much for supposedly good news.
U.S. and European stocks fell on Monday after the World Bank cut its growth forecast for China, emphasizing concerns about the strength of the global economy.Jitters about the euro zone debt crisis knocked the euro down from two-week highs as euro zone officials gathered to launch the regions bailout fund. via Global stocks falter Reuters.
We need to focus on making real growth in the United States happen. However, the recent fall should have been expected: it was a quick peak following the release of the jobs report, but no economy is fixed in one day. It’s a gradual (and sometimes up-and-down) process. This country needs to keep moving forward and focus on how we can get as many people back to work as possible.