Happy Monday. Friday’s benign jobs data seems to be pleasing global investors.
Meanwhile, the euro is looking very nice, further evidence of investors hungry again for risk.
That’s right folks. The euro is now a proxy for risk appetite. How weird is that?
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See Also:
- Good News: Unemployment Holds Steady At 9.7%
- Deep Down The Biggest Threat To China Isn’t Property Or Bad Loans, It Is Simply Unemployment
- The Lie Behind Japan’s Good Unemployment Numbers