Investorstoday

Thursday, November 3, 2011

Reading Material, November 3, 2011

Federal Reserve lowers GDP forecast, mulls more action

This is never a good sign. Even more worrisome is the rise in the unemployment rate, especially the lower end of the forecast. It looks as though we will get just enough growth to skirt a recession and hire enough people to replace those leaving the workforce but not enough to make a serious dent in the unemployment rate. Even scarier is that the U-6 will likely stay in the 16% area for the foreseeable future.

Google Public Data Explorer (Beta) – Unemployment Rate

Fairly limited right now but a nice, new offering from Google.

French Consumer Spending Falls Unexpectedly

Germany slashes 2012 economic growth forecast

These stories may be a bit old but when combined with the Federal Reserve lowering the growth forecast we may be in for a rougher ride than people expect.

New Democracy says Papandreou is problem, not euro

Very interesting that the opposition wants the austerity package overhauled. Meanwhile, Germany and France have drawn a line in the sand with respect to Greece. This is one stare down that they will likely not win.

When you put together the comments from the New Democracy party and the sacking of the military leaders it appears as though there may be deeper problems in Greece.






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