https://personal.vanguard.com/us/insights/article/economic-week-review-12162011
Economic Week in Review: Moderate progress at home, less overseas
December 16, 2011
The U.S. economy is showing enough momentum to keep the Federal Reserve in wait-and-see mode, though risks from abroad continued this past week. Europe's drift back toward recession and signs of slowing in Asia remained potential stumbling blocks for the U.S. recovery. Meanwhile, the sovereign bond market's cool reaction to a plan to enforce fiscal discipline in Europe kept alive concern that nations could default—with uncertain repercussions for the fate of the Eurozone and the global economy. For the week ended December 16, the S&P 500 Index fell 2.8% to 1,220 (for a year-to-date total return—including price change plus dividends—of about –1.0%). The yield on the 10-year U.S. Treasury note fell 21 basis points to 1.86% (for a year-to-date decline of 144 basis points).
Fed again holds its fire
(Article does continue. Zim.)
Mad Poet Strikes Again.
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