[Eccl 10:2]

Obama fundamentally transforming America.

[Perdogg]

unexpectedly

[Jack Hydrazine]

“...well below expectations.” = COMPLETELY UNEXPECTED!

[Red Badger]

Economists polled by MarketWatch had expected the index to increase to 10.0.

Okay, they were 'expecting' 10.0 but got a -5.8.

Now we know why they are called 'ECONOMISSEDS'..........

[nathanbedford]

Europe is in the midst of recession, the EU might be in the process of disintegration, and the euro is under stress as Greece and Spain see runs against the banks; China real estate is cratering if not crashing and other parts of the Chinese economy are showing distinct symptoms of weakness; now we see the incipient indications of accelerating weakness in America following on bad reports revising downward GDP and weak employment numbers.

None of this will help Obama.

The question is really whether the piper who must be paid will get his tribute before or after the election. If the reckoning can be postponed past November, Obama has a chance. If it comes after Romney's election, will he get the blame, Pro hoc Proctor Hoc?

All three great props to the world economy are in trouble. In 2008-2009 China stimulated its domestic infrastructure economy and helped the world economy along. Now that bubble seems to be breaking and with it will go the economies and currencies of all the extraction countries and industries. That means the BRICS will suffer greatly.

Japan is in very grave trouble and that will compound if it sees reduction to its large market, China.

In short, there is no single place on the world horizon which offers much hope for turning economies around.

God help us if Obama is reelected.

[kabar]

Stocks lower after Philly Fed data
REUTERS — 22 MINUTES AGO

NEW YORK (Reuters) - Stocks extended losses as data showed manufacturing in the in the U.S. mid-Atlantic region unexpectedly contracted in May, adding to concerns about the global economy as Europe’s debt crisis threatens to worsen.

The Dow Jones industrial average dropped 51.16 points, or 0.41 percent, to 12,547.39. The Standard & Poor’s 500 Index dropped 7.36 points, or 0.56 percent, to 1,317.44. The Nasdaq Composite Index dropped 20.10 points, or 0.70 percent, to 2,853.94.

(Reporting By Edward Krudy)

[Cringing Negativism Network]

这是不可能的！怎么会这样呢 ？ ...

/ 嘲讽