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Technical Economic Indicators Worsening Again

Posted By admin On November 19, 2008 @ 4:55 am In Money Watch | Comments Disabled

George Washington’s Blog [1]
Wednesday, Nov 19, 2008

Even after the trillions [2] spent by the feds, the technical economic indicators are getting worse again.

Above and beyond the terrible news from Main Street (such as unemployment, weak retail, and declining shipping and manufacturing), several key technical indicators are worsening again, even after the government spent trillions on various bailouts:

Paulson has admitted [8] that the bailout is not about “economic recovery”:

“The rescue package was not intended to be an … economic recovery package,” Paulson said in testimony to the House Financial Services Committee in Washington.

Well, maybe that explains why things are getting worse.

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URLs in this post:

[1] George Washington’s Blog: http://georgewashington2.blogspot.com/2008/11/technical-economic-indicators-worsening.html

[2] trillions: http://www.cnbc.com/id/27719011

[3] sovereign nations, European companies, and bonds are approaching their all-time wides: http://ftalphaville.ft.com/blog/2008/11/18/18370/cds-report-markets-approach-all-time-wides/

[4] have started edging higher again: http://www.rgemonitor.com/redir.php?clid=13079&sid=1&tgid=10000&cid=303827

[5] protracted deflation.: http://www.ft.com/cms/s/37101d00-b511-11dd-b780-0000779fd18c,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F37101d00-b511-11dd-b780-0000779fd18c.html&_i_referer=http%3A%2F%2Fwww.nakedcapitalism.com%2F

[6] Morgan Stanley, Goldman Sachs: http://www.rgemonitor.com/166?cluster_id=4237

[7] BNP Paribas: http://www.rgemonitor.com/redir.php?sid=1&tgid=10000&cid=304299

[8] admitted: http://www.bloomberg.com/apps/news?pid=20601087&sid=arKv0lsap.JU&refer=home

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