Weekly Economic Review (11/3-11/7)
Read the full article: http://weeklyta.blogspot.com/2008/11/weekly-economic-review-...
The economic picture of the U.S. this week was terrible, and that’s an understatement. Just like charts for stocks, charts for economic indicators paint a very clear picture. Many charts have gone nearly parabolic, but that doesn’t mean the trend ends here. Looking at the big picture, it is obvious that the economy will get worse. There is no question about it. Although the stock market does rally ahead of an economic recovery, the economy is nowhere near a point of recovery. The painful secondary effects will felt for years. Here’s a simple review of this week’s economic indicators:
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