Friday’s US jobs report is even more eagerly anticipated by financial markets now that investors are being pushed to take longer-term views that they had hoped to avoid, at least for now. With global equities selling off, tepid job creation would end up creating more turbulence and uncertainty. And reaction to something else, that is a number on either side of the distribution of possible outcomes, depends in large part on the faith that investors retain in the unquestioned powers of central banks. Continue reading »
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