Uninspiring data for US

The recession is close and every single piece of the puzzle is almost fixed. There are two sides at Fed´s meetings; for one side we have those who has their fingers in the liquidity cannon and on the other there are some who thinks that the best option is to wait and expect that the things get even worst and then pull the trigger. But for sure both sides think it is necessary another round of QE. It is a matter of time until we see the 0.75% -1% range in the 10 year US Treasuries. Is not as far as we thought.

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Fresh data show the U.S. economy is weakening. The economy added a paltry 80,000 jobs in June, not enough to keep up with population growth. Earlier last week, we learned the manufacturing sector contracted in June for the first time since July 2009. Other indicators have been equally uninspiring.