Monthly Archives: June 2012

it’s been another week with additional confirmations of weakening economic conditions both in this country & worldwide.. in europe, the Markit index of euro-region manufacturing fell to 44.8 from 45.1 in May, where below 50 indicates contraction, as output shrank … Continue reading →

the crisis in europe, and it’s possible spillover effects worldwide, has dominated the news cycle again this week; for the most part, the focus was on two stories; the aftermath of the bailout of the spanish banking system, and the … Continue reading →

there was a palpable mood change in most of the blogosphere & even in some of the news media early this past week, as if the deteriorating data had finally sunk in & denial changed to acceptance that the global … Continue reading →

a dismal employment report ended a week of generally weak economic data; according to the BLS establishment survey, only 69,000 jobs were added on a seasonally adjusted basis in May, which was the slowest pace of job creation in a … Continue reading →