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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.

Valance Weekly Report 10.26.2011

Posted by WARREN MOSLER on October 26th, 2011

Valance Weekly Report

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Highlights
US – Consumer Confidence erosion mirroring Europe’s
EU – Business and Consumer Confidence at cycle lows
JN – Exports improve although domestic conditions remain weak
UK – Manufacturers’ optimism dropped sharply
CA – BoC cut its 2011/12 growth forecast
AU – Inflation moderated in Q3
NZ – RBNZ may delay hikes

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