Friday, November 16, 2012

A lot of bad stuff is happening all over

As we focus on our own fiscal "cliff" and the new Petraeus/Libya scandal, the world is not quiet.

In Europe, the Euro-Zone economy took another turn southThis is from Ed Morrissey of Hot Air:

"The debt crisis dragged the euro zone into its second recession since 2009 in the third quarter despite modest growth in Germany andFrance,  data showed on Thursday.
The two leading economies both managed 0.2 percent growth in the July-to-September period.
But the resilience could not save the austerity-hit 17-nation bloc from overall contraction as the likes of The Netherlands, Spain, Italy and Austria shrank.
Economic output in the euro zone fell 0.1 percent in the quarter, following a 0.2-percent drop in the second quarter.
Those two quarters of contraction put the euro zone’s 9.4 trillion euro ($12 trillion) economy in recession, although Italy and Spain have been contracting for a year already and Greece is suffering an outright depression."
Weekly jobless claims sparked up to 438,000!  That's not good. 

There is now talk of war in the Middle East.  Rockets hit Israel and there are 3 dead!  The whole region may be falling apart at one time, a situation that could turn into Obama's nightmare.

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