November 23, 2011

UH OH: GERMAN BOND AUCTION FAILS. Maybe people think they’re better off putting their money into hard goods.

UPDATE: Bad Economic News Trifecta Hits: Jobs And Core Durable Goods Worse, Savings Rate Higher As Consumers Hunker Down. “The economic data dump is here. In order of appearance, first we have jobless claims which rose from an upwardly revised (of course) 391,000 to 393,000, worse than expectations of 390,000. That is Seasonally Adjusted. Not Seasonally Adjusted claims exploded by 74,214: good thing nobody looks at the unfudged number.”

ANOTHER UPDATE: Europe’s $30 Trillion Problem.

MORE: Euro on ‘Death Watch’ After Investors Spurn German Bonds.

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