Archive for November 22nd, 2011

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