Capital Chronicle is written from Grenoble, France by RJH Adams.

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The proverbial shot to the groin

Posted on July 02, 2008

Time lags are strange things, really. The moments between a blow to the crotch and the pain; the time between an earthquake and the tsunami; and the wait between a major dislocation in credit markets and the ensuing job losses in the wider economy leading to lower consumption.The US is not there yet (which is one reason there are still optimists) but chances are the shots taken to the tenders will not be denied their inxeorable pain however much praying is done in the foetal position.The latest ADP National Employment Report, whilst showing a definite confirmation of the Bureau of Labor ...

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economy , futures