"screeched to a halt" ? Come on, don't you have to be moving at a rapid pace to "screech to a halt". A perfect example of news spin.
'No confidence' sparks rush to safety
Fear about a lifeless economy drove traders to stock up on gold and offload oil Friday, after the government's big jobs report showed that hiring screeched to a halt last month. "The only thing you need to fear is fear itself, and primarily what you're seeing drive prices right now is fear," said Dan Flynn, senior market analyst at PFG Best. "There's just no confidence in the economic outlook, and that needs to change." The Labor Department reported that the economy added no jobs in August, while the unemployment rate remained at 9.1%. That was the worst reading since September 2010, when the economy lost 27,000 ... (full story)