Highlighted in last Wednesday's WrapUp was a broad-based deterioration in both business and consumer confidence that poses a significant threat to the economy's growth going forward.
No matter where you look, whether it's business sentiment, consumer sentiment, or even foreign sentiment, expectations and confidence are falling by the wayside and sharply.
Despite the market's two-day rally, don't be fooled into thinking that the pain of the summer credit crisis is behind us. Quite the contrary, it's really just picking up steam
When October's jobs report came out on Friday November 2nd, there were some questions as to the validity of the numbers. Maria Bartiromo asked CNBC senior economics reporter Steve Liesman to comment on the numbers.
The above excerpts paint a clear picture of what is going on with the dollar's slide and the jump in commodities, with oil and gold taking center stage.
The Bureau of Economic Analysis (BEA) released the first look at third quarter GDP, which showed the economy expanded at a 3.9% annualized rate in real GDP.
The refining industry bolted out of the gate this year with returns ranging from 40% to 150% from the start of the year to the July highs. Part of the reason that the refining stocks did so well was due to the expansion in refining margins.
As was expected, employment in September rebounded and the decline seen in August payrolls of 4,000 jobs was revised into a gain of 89,000 jobs.
With oil north of $80 a barrel it seems appropriate to revisit another conundrum facing economists, which is why high energy prices have yet to derail the economy.
The Fed's decision to lower both the federal funds rate and discount rate by half a percent vaulted the markets northward with the Dow putting in its greatest advance in years.