The market is bouncing this morning amid optimism that the House will get it right this time and vote in favor of the $700 billion asset purchase plan (does this thing have a real name yet?)The bounce came despite a weak jobs number this morning. Nonfarm payrolls fell -159,000 in September, the 9th consecutive month of declines. This figure was above consensus for -105,000, but last month’s figures were revised higher to reflect declines of -73,000.Credit market angst is still high this morning, as 3-month Libor has c[...]
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[Source: The Money Blogs]
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