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.
Communications are intended solely for informational purposes. Statements made should not be construed as an endorsement, either expressed or implied. This article and the author is not responsible for typographic errors or other inaccuracies in the content. This article may not be reproduced without credit or permission from the author. We believe the information contained herein to be accurate and reliable. However, errors may occasionally occur. Therefore, all information and materials are provided “AS IS” without any warranty of any kind. Past results are not indicative of future results.
PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THERE IS RISK OF LOSS AS WELL AS THE OPPORTUNITY FOR GAIN WHEN INVESTING IN THE STOCK, BOND, AND DERIVATIVE MARKETS. WHEN CONSIDERING ANY TYPE OF INVESTMENT, INCLUDING HEDGE FUNDS, YOU SHOULD CONSIDER VARIOUS RISKS INCLUDING THE FACT THAT SOME PRODUCTS: OFTEN ENGAGE IN LEVERAGING AND OTHER SPECULATIVE INVESTMENT PRACTICES THAT MAY INCREASE THE RISK OF INVESTMENT LOSS, CAN BE ILLIQUID, ARE NOT REQUIRED TO PROVIDE PERIODIC PRICING OR VALUATION INFORMATION TO INVESTORS, MAY INVOLVE COMPLEX TAX STRUCTURES AND DELAYS IN DISTRIBUTING IMPORTANT TAX INFORMATION, ARE NOT SUBJECT TO THE SAME REGULATORY REQUIREMENTS AS MUTUAL FUNDS, OFTEN CHARGE HIGH FEES, AND IN MANY CASES THE UNDERLYING INVESTMENTS ARE NOT TRANSPARENT AND ARE KNOWN ONLY TO THE INVESTMENT MANAGER.
Before making any type of investment, one should consult with an investment professional to consider whether the investment is appropriate for the individuals risk profile. This is not intended to be investment advice or a solicitation to purchase any of the securities listed here. I will not be held liable or responsible for any losses or damages, monetary or otherwise that result from the content of this article.