Weak economic data suggest recovery is fizzling

Weak economic data suggest recovery is fizzling
ASSOCIATED PRESS WASHINGTON — Fears that the economic recovery is fizzling grew Thursday after the government and private sector issued weak reports on a number of fronts. Unemployment claims are up, home sales are plunging without government incentives and manufacturing growth is slowing. Meanwhile, 1.3 million people are without federal jobless benefits now that Congress adjourned for a …
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0 Oil: Sooner Than You Think
By Dian L. Chu, Economic Forecasts & Opinions   Sentiment in the crude oil market has been quite pessimistic lately after some disappointing economic data fueling fear over the strength of the U.S. recovery, and signs of a possible China slowdown. This is on top of the market distress already exerted by the Europe sovereign debt and banking crisis. Oil price was down 8% for the week, with the …
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