"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Saturday, November 3, 2012

No US President since FDR has been re-elected with unemployment above 7.2%

How the US economy has fared under Barack Obama - Telegraph: "Unemployment Under Barack Obama, unemployment hit a peak of 10pc in October 2009, and has been on the decline ever since. However, this number has been influenced by several factors, and many Americans have stopped searching for a job altogether. It's also worth noting that no president since Franklin Roosevelt has been re-elected with the unemployment rate above 7.2pc"

Eurozone factory downturn deepens as core economies struggle - Telegraph: "Eurozone manufacturing shrank for the 15th month running in October as output and new orders fell, a survey showed on Friday, likely fuelling expectations of further easing from the European Central Bank."

ECB: Crisis restricting small firms' access to credit
Fox News
The banking and debt crisis is increasingly restricting access to credit by the euro zone's small and mid-size firms, according to a study released Friday by the European Central Bank. The report is based on a survey carried out between Sept. 3 and Oct ...

US fiscal cliff looms large at Mexico G20 meet
Chicago Tribune
MEXICO CITY (Reuters) - World finance chiefs this weekend will press the United States on how it can prevent its fiscal problems from hitting the global economy and will seek reassurance from Europe that it has a grip on its debt crisis. U.S. and ...

Debt crisis to overshadow Asia-Europe Meeting
The Sun Daily
BANGKOK (Nov 2, 2012): Debt-laden European nations will lobby Asia's economic dynamos for help to calm the crisis raging in the euro-zone at a major summit next week in communist Laos, one of the world's poorest countries. A heavyweight contingent ...

Deeper euro zone factory downturn hardens stimulus view
Europe is expected to remain the biggest drag on the world economy next year as its sovereign debt crisis rumbles on, and the situation deteriorated further in Italy and Spain - the two countries most worrying investors with whether they can keep ...

Euro to sag vs dollar over the next year: POLL
Business Recorder (blog)
Recent business surveys portray little hope the euro zone economy will return to growth soon, while there remains a risk the euro zone debt crisis will flare up again, which would further sap the euro against the dollar. Indeed, the euro fell to a ...

Business Recorder (blog)

The Euro Currency, Draghi and Unemployment
Inside Futures
Although Draghi successfully turned attention away from the deteriorating euro zone economy to the cure-all of Outright Monetary Transactions (OMT), the hard reality of the deteriorating economic fundamentals remain. It is difficult to believe ...

Germany's Schaeuble says debt reduction is global task
Schaeuble does not want the two-day G20 meeting in Mexico City to concentrate exclusively on theeuro zone crisis to the detriment of other urgent issues such as the "fiscal cliff" facing the United States and Japan's debt problems. "The United States ...

Fixing Greek Debt Remains Elusive Euro-Zone Target
Wall Street Journal
Few European governments are even willing to talk about taking such steps. No surprise—they hold most of Greece's debt. Euro-zone governments made €53 billion in loans to Greece in 2010 and 2011. The ECB and other central banks in the euro zone now ...

Wall Street Journal

UPDATE 1-SNB's Jordan says talk of end to franc cap 'premature'
After investors flooded into the Swiss franc to seek refuge from the debt crisis in the euro zone, the SNB capped its rise last September to safeguard the Swiss economy against deflation and a recession. As the crisis churns on, the cap has come under ...

Why Gold will Benefit from the Global Debt Crisis ... - Financial Sense
By Clif Droke
Consider the last decade: a tech stock bubble bust followed by a real estate debacle and credit crisisfollowed by economic trouble in the euro zone and a potential recession in China. All of these factors have conspired to cause investors to ...
Financial Sense

German joblessness rises as euro zone crisis bites | 4-Traders
The global slowdown and the euro zone's three-year debt crisis are weighing on companies' readiness to invest and recent surveys have shown business ...

Euro Crisis - Google News

Fiscal Cliff - Google News

Economics, interest rates, house prices, inflation, Bank of England

Markets News - Global Financial Market News

Financial Crisis

Jeremy Warner - Finance and business comments

Ambrose Evans-Pritchard - Finance and business comments

Jeff Randall - Business and politics comments

New Normal News

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