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.
