Weekly Economic Update (11/10-11/14)

 

We didn’t have many reports this week, but three key reports were the Jobless Claims, Retail Sales, and the University of Michigan Consumer Confidence reports. The markets are down between 6-8% this week, depending on which index you use, and they fully reflect the grim confirmation of the state of our economy. I don’t really have to say anything because you already know what kind of situation we’re in. What is frightening is that we can throw as much money at this problem as we want, BUT: