https://personal.vanguard.com/us/insights/article/economic-week-review-11252011
Economic Week in Review: Worry seasoned with a few signs of hope
November 25, 2011
Third-quarter gross domestic product was revised downward, largely the result of a decline in inventories that nevertheless bodes well for future production. Weighing on the markets were government debt-related events: the failure of the congressional deficit-reduction "supercommittee," the continuation of Europe's fiscal dilemmas, and the Federal Reserve's announcement of forthcoming stress tests for 31 U.S. banks. For the week ended November 25, the S&P 500 Index fell 4.7% to 1,159 (for a year-to-date total return—including price change plus dividends—of about –6.2%). The yield on the 10-year U.S. Treasury note fell 4 basis points to 1.97% (for a year-to-date drop of 133 basis points).
GDP revised downward, but still on the right track
(Article does continue. Zim.)
Mad Poet Strikes Again.
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