Daily Market Blog: Live from Greece
"In Athens you can definitely see the battle scars of the boom to relative bust scenario, there are shops boarded up, a few political spray paintings and signs (some look communist), generally people are going about their business. The infrastructure looks really good in some places, and really poor in others."
To market to market to buy a fat pig. The US markets were in the green yesterday on a better than expected ADP jobs report number which came in with 237 000 new jobs added compared to the 218 000 expected. The big number expected today is the non-farm payrolls from the US labour department, which is also expected to be good. This comes with a solid chance that the official unemployment rate may come down another 10 basis points. This is the number that all the traders are looking for before putting positions in the market come the long weekend. It is Independence day in the US also known as the the 4th of July which means the markets are closed tomorrow. The day celebrates the US's adoption of the Declaration of Independence, where they declared independence from the British empire all the way back in 1776. It is scary to think that this house in London is almost 200 years older than the age of the US - 41 Cloth Fair - The oldest house in the City of London. For me it puts time into perspective, how old is truly old? What is long term?