We originally ran this post a couple of weeks ago showing 9 signs that the economy is slowing down…Today we got the 10th sign: Initial jobless claims are starting to stagnate, jumping above 400K now two weeks in a row.
With inflation on the rise, basically everything things QE2 is toast.
In London, where fiscal tightening is further along than here, it's having a clear effect on consumer spending. That's coming to the US, too.
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