Deeper Analysis
Revised U.S. GDP Reveals New Troubles
November 22, 2011
Real GDP growth last quarter was revised unexpectedly downward to an annualized rate of 2.0%. As a consequence, GDP expanded only 1.5% over the latest reported four quarters, and at an even slower pace (1.2%) during the first three quarters of 2011. 3Q11 was the ninth quarter of the post-Great Recession recovery. In that span, […] More
New Overnight Developments Abroad - Daily Update
Fragile yet Better Tone in Market
November 22, 2011
Stocks in Europe have firmed 0.8% in Germany, 0.6% in France, and 0.4% in Great Britain. The dollar, which does best under conditions of high risk aversion, settled back 0.5% against the Swiss franc, 0.4% versus the euro and Aussie dollar, 0.3% relative to the kiwi, 0.2% against the loonie and sterling, and 0.1% versus […] More
