1. Economist Report
1/21/2015

2. Jobs Report Average hourly earning fell 5 cents
Bureau of Labor Statistics
nonfarm payrolls grew by 321,000
Expectations 230,000
Added 252,000
50,000 in the retail sector
29,000 in Healthcare
28,000 in Manufacturing
86,000 professional services
Unemployment fell to 5.6%
Average hourly earning fell 5 cents
This jobs report does not reflect the recent fall in oil prices.
House start were up 4.4%
Housing permits fell 1.9%

3. Swiss Franc No longer fixed exchange rate 1 Euro = 1.2 Swiss Franc
Now about 1 to 1 fell to 1 to .85 at one point
Possible Reasons
Difficulty to increase reserves due to political topics and fear of hyperinflation
Related to Europe’s QE
Could help spur exports to America and India

4. Other Europe Starts QE Yemen has No Gov’t
Libyan Militants Seized A Central Bank
Company to watch
McDonalds (MCD)