» Business Cycle Indicators: Mixed Messages in Data on QE3, Fiscal Cliff Decision Economics

Business Cycle Indicators: Mixed Messages in Data on QE3, Fiscal Cliff

Posted December 14, 2012 by rvillareal

Global Indicators

  • GDP focus shifts to 2013. More of the same for the U.S. and Canada, EU contraction deeper and longer than initially thought.  Global PMI data mixed, hovering close to 50.
  • Spanish capital flight prompts bailout funds from ECB. Periphery spreads in the Eurozone stabilize with OMT funds available for those who ask.
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