-- More Americans than projected filed applications for unemployment insurance last week, indicating employers kept cutting staff as the recovery showed signs of slowing. --
Full text
In the meantime:
-- European Central Bank President Jean- Claude Trichet said the euro-area economy is strengthening faster than forecast and money markets are improving as the region recovers from its sovereign debt crisis. --
Full text
Comment: The attack on the euro earlier this year proves one major point: rarely before have so many fools big-mouthed so much. Anyone remember Roubini who said a day before the euro's take-off that the European currency has to fall much more? And, of course, it is futile to quote all the wrong statements by Krugman which would fill a book. Rarely before have we had so many bad economists at prominent places in the US, and Bernanke is no exception.
No comments:
Post a Comment