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Follow on Google News | New Jobless Claims Rise to 6 Month High...Preferred Financial Services reviews the newest jobless claims numbers and what it means for the upcoming election.
This newest report is on top of a week of bad news for the economy and could be a leading indicator that companies are still worried that we may be heading for a double dip recession and more belt tightening by the American consumer. It's a vicious cycle as the less companies hire the less consumers can spend which then in turn hurts the profits of the companies. How and when will it end? Not even the Federal Reserve Chairman knows for sure, and the options he has left to fix the economy continue to dwindle. The US growth forecast has already been revised down and interest rates can not go any lower. From a monetary policy stand point the country is at a dead end with the only options left likely leading to inflation in the future. However, the countries fiscal policy is still up in the air. Can we afford another round of stimulus? Did the last round even provide any benefits for the economy? Should taxes be cut or raised? All of these issues are still up in the air and with elections coming in the fall the chances of anything getting done from a financial policy standpoint look very dim. Readers, where do you see us going leading up to the elections? Will a Republican victory allow for new ideas to be proposed or will it just make Mr. Obama a lame duck president for the remainder of his presidency? Preferred Financial Services is a debt reduction firm certified by the CFC (Center for Financial Certifications) For more information, please visit www.pfsdebtrelief.com or follow us on our blog at www.pfsdebtrelief.com/ Contact: Stephan Tavernini Marketing Coordinator Certified IAPDA Debt Arbitrator Preferred Financial Services stavernini@pfs1.net # # # Preferred Financial Services is the leading voice in the debt settlement industry. PFS has worked with hundreds of creditors to help negotiate realistic goals for those drowning credit card debt. End
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