Obama plays for time on jobs
Thankfully the president announced no new sweeping jobs programs, making the argument that “clean energy” jobs will lead an economic rebound (as he spoke before a group of green energy CEOs. Any economic rebounds will take more than a few months, Obama said, while noting he is confident that the US will not only recover in the short-term but will prosper in the long-term.
Markets took the comments in stride, EUR/USD trades at 1.4022, while the S&P remains 2.3% lower. Oil closed near its lows, at $66.60.

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