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	Name:	MartiniMan -
	Subject:	Litany of economic news
	Date:	4/26/2012 12:16:42 PM

Here is a short list of bad economic news.

- Jobless claims are back to rising instead of continuing to drop per expectations

- Private employers only added 120K jobs which is the lowest since October of last year

- Recent FoxNews poll - 83% said we are still in a recession but at least 45% say they are optimistic the economy will begin to improve.

- Recent gains in consumer confidence seems to be eroding or not improving (down in March, flat in April)

- Unemployment remains over 10% regardless of the nonsense being issued by the BLS

- Europe appears to be heading to a double dip recession

- GDP growth projections are being lowered and are very anemic

Here is a short list of positive economic news.

- Mortgage interest remain low and the Fed seems committed to keeping them there

- Stocks seem to be holding their own but are still very volatile

- Corporate earnings are pretty good based mostly on increased productivity and CEO confidence is on the uptick

I looked long and hard for more positive economic news and had a hard time coming up with more. All in all a bleak outlook which I share.