"As Pimco’s Bill Gross wryly observed: “What a good country or a good squirrel should be doing is stashing away nuts for the winter. The United States is not only not saving nuts, it’s eating the ones left over from the last winter.”
http://www.marketwatch.com/story/debt-is-drowning-the-american-dream-2012-10-17?link=MW_story_investinginsight
INTC and IBM MISS send tech spending warning
http://www.bloomberg.com/news/2012-10-17/intel-slumps-with-ibm-on-weak-businesses-consumer-demand-tech.html?cmpid=yhoo
EBAY misses forcast, growth slows
http://www.bloomberg.com/news/2012-10-17/ebay-forecast-misses-estimates-as-growth-slows.html
Below is a more positive, butnot climactic chart that shows continued improvement in housing starts and permits....but it sure is still a FAR cry from normal isn't it?
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