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Monday, October 3, 2011

Financial News 10/03/2011

Manufacturing activity as measured by the Institute for Supply Management was highest in February, 2011 at 61.4 indicating the current upward movement as potentially normal variance in an otherwise downward trend.

• SBT: Deutsche Bank forecasts decline in Spanish wealth
• Capital inflow to the Dollar as the Euro sinks
• Council on Foreign Relations: Russian economy to stall
VIX near 42.50, BDIY near 1900
• Greek 2011 deficit 8.5% GDP per Forbes
• ISM Manufacturing Survey rises above 12 month lows

The Wall Street Journal today reported a Greek announcement that it will not meet the European Union's deficit reduction goals this year or next. The ability of European Sovereigns to manage their debt continues to be an economic concern for investors.

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