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11Feb2016 Market Update: US Markets Sink Over 1.5% On Fed's 'Cautious Tone', Bank Shares Fall Along With Crude Prices Adding To Investors Bearish Concerns

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Written by Gary

US markets have risen off morning lows, but remain down over 1.5%, pushing the S&P 500 and the Dow Jones industrial average down 10% as investors jettisoned stocks and scurried toward gold and bonds. Gold surged more than 4 percent today while the US dollar trades in the mid 95's. Watch for sudden reversals and volatility today.

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What We Read Today 10 February 2016

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

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 more features, analysis, studies, and news published in the last week

The Tsunami Everyone Sees Coming

The Cascadia subduction zone is a convergent plate boundary that stretches from British Columbia to California. Experts say a shift in the plates will cause a major natural disaster for people living along the west coast.







Infographic Of The Day: Water To The Rescue

Is dehydration draining your employees?

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Video of the Day:

The Cascadia subduction zone is a convergent plate boundary that stretches from British Columbia to California. Experts say a shift in the plates will cause a major natural disaster for people living along the west coast.


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 more investing, markets, precious metals & forex

11Feb2016 Pre-Market Commentary: US Future Indexes Lower Over 1.5%, WTI Crude Slips To Low 26's, Fed's Send 'Caution' Message To Investors, Gold And Bonds Looking Good



 more opinion

Economics Professor: Negative Interest Rates Aimed At Driving Small Banks Out Of Business And Eliminating Cash

by Washington's Blog, Washington's Blog

More than one-fifth of the world's total GDP is in countries which have imposed negative interest rates, including Japan, the EU, Denmark, Switzerland and Sweden.

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 USA economy at a glance (boxed items are updates in last 7 days)

06 February 2016 Initial Unemployment Claims Rolling Average Improves.

Weekly Initial Unemployment Claims

The market (from Bloomberg) was expecting the weekly initial unemployment claims at 272 K to 290 K (consensus 281,000) vs the 269,000 reported. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 284,750 (reported last week as 284,750) to 281,250. The rolling averages generally have been equal to or under 300,000 since August 2014.

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