Labor market weakening is the biggest risk to the US economy

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  Posted by Two Blokes Mon at 7:00 PM - Filed in General - #TwoBlokesTrading  - 2 views
  
  Equity markets (^GSPC, ^IXIC, ^DJI) have seemingly shrugged off Moody's downgrade to the US credit rating, but concerns are growing over earnings pressure and global investor outflows. Ellen Hazen, chief market strategist and portfolio manager at F.L.Putnam Investment Management Co., says the real risk is negative earnings revisions driven by tighter immigration policies and labor costs.