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The lurch from one set of crisis talks to another combined last week with renewed weakness in the US economy, where surprisingly weak jobs figures appeared to set back the date when the Federal Reserve raises interest rates.
A weak jobs report adds to global economic gloom.
But after Friday's weak jobs report for May, the Democrats have been on the defensive.
The broader market rose on Friday after the government released a weak jobs report.
The other immediate policy implication of the weak jobs report concerns the Fed.
A weak jobs report today would improve odds for a half-point reduction.
Bonds rallied on Friday on news of the weak jobs report.
Yet another weak jobs report would put the cat among the pigeons.
Besides the weak jobs figures, recent data for manufacturing have been soft, while consumer confidence remains mixed.
How can such a weak jobs number be associated with a big fall in the jobless rate?
It's tempting to look at Friday's weak jobs report and conclude that the economy has entered a significant new slowdown.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com