Volatile markets with their recent triple-digit swings have made investors jittery and political pundits question whether the so-called economic recovery is backsliding into recession.
And the issue that will be at the forefront of next year’s U.S. presidential election is jobs. As the nation gears up to listen to President Barack Obama’s speech on creating jobs, Ameriprise Financial’s chief market strategist David Joy told a group of reporters who had gathered Wednesday night at the New York Stock Exchange that he expects “unemployment to remain high for a long time.”
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