Worldwide Slow Down Is Starting (Again)

Posted By on September 23, 2010

This May Be Just The Begining As The Entire World Slows!  It’s A Process…..And It Will Likely Take Time To Totally Unfold.

 

U.S. Jobless Claims Jump

The number of U.S. workers filing new claims for jobless benefits unexpectedly rose by 12,000 to 465,000 last week, as labor weakness persists.

Ireland  GDP
Drops Unexpectedly

Ireland had a surprise decline in its second-quarter gross domestic product.  This has created more concerns over Dublin’s ability to repay its debts without outside help.

Euro-Zone Output Heads South 

The euro zone’s private-sector output growth slowed sharply to a seven-month low in September and is on course to slow further in the fourth quarter. The Euro-zone purchasing managers’ indexes (PMI)  came in much weaker than anticipated at 53.8 this month down  from 56.2 in August, suggesting that the area’s economy is slowing down even more rapidly than had been forecast.

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