America slides deeper into depression as Wall Street revels
December was the worst month for US unemployment since the Great Recession began.
uk-telegraph

...The labour force contracted by 661,000. This did not show up in the headline jobless rate because so many Americans dropped out of the system. The broad U6 category of unemployment rose to 17.3pc. That is the one that matters.

Wall Street rallied. Bulls hope that weak jobs data will postpone monetary tightening: a silver lining in every catastrophe, or perhaps a further exhibit of market infantilism...

Oil price hits 15-month high on demand from China
BBC News - ‎38 minutes ago‎
Oil prices have continued their steady rise in 2010, hitting a fresh 15-month high of nearly $84 a barrel. US crude oil for February delivery was up 93 ...