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Friday, October 7, 2011

Financial News 10/07/2011

BLS U3 unemployment rate stays at 9.1 percent
• 12 month CPI 3.8% vs 2.4% annualized september wage growth
SBT: Rice bowl flooding, commodity increase against the grain
• Several Portuguese and U.K. banks downgraded by Moody's
NYT: BOJ: "World advanced economies on brink of slowdown"
WSJ: Chinese economy growing long-term, slowing short-term
• Corporate cash hoarding a backstop measure per IBT
MW: Italy and Spain credit ratings downgraded by Fitch

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