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‘Zombie Economy’ May Give Markets a Scare in October

Traders expect October to give the markets a scare, starting with news on the economy and jobs in the week ahead.

After a surprisingly good performance in the third quarter, the thinking is the stock market is ready to pull back, especially after a few choppy sessions and a new batch of data that should continue to show a slow-moving, ‘zombie like’ economy.

http://www.cnbc.com/id/49214466

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The Myth of the ‘Zombie Economy’ Welcome to what’s being called the “Zombie Economy.” The recovery seemed to be picking up in the winter, only to then taper off in the summer. Several major indicators are barely showing a pulse these days, leading many to compare the U.S. economy to the walking dead. But the heart-stopping stall might not be quite as bad as it appears. Recent data would seem to back up the ‘zombie’ theory. The economy was growing at a 3% rate at the end of 2011, only to fall below 2% in the first three months of this year. Several economists are now cutting their forecasts for second quarter growth closer to 1%. Source: CNN

The Myth of the ‘Zombie Economy’

Welcome to what’s being called the “Zombie Economy.”

The recovery seemed to be picking up in the winter, only to then taper off in the summer. Several major indicators are barely showing a pulse these days, leading many to compare the U.S. economy to the walking dead.

But the heart-stopping stall might not be quite as bad as it appears.

Recent data would seem to back up the ‘zombie’ theory. The economy was growing at a 3% rate at the end of 2011, only to fall below 2% in the first three months of this year. Several economists are now cutting their forecasts for second quarter growth closer to 1%.

Source: CNN

(Source: the-monster-and-the-lady)

Filed under Zombie Zombie Economy Myth U.S. Economy Job Market Pattern