Good morning! Happy birthday to me!

 

(source: http://free-extras.com/images/happy_birthday_cake-2029.htm)

The rumors from the German press that the IMF would cut growth forecasts turn out to be true

http://soberlook.com/2012/10/imf-eurozone-unemployment-to-exceed.html

http://www.reuters.com/article/2012/10/09/us-imf-global-idUSBRE89715W20121009

http://www.ft.com/intl/cms/s/0/16771cb2-113b-11e2-a637-00144feabdc0.html

http://www.imf.org/external/pubs/ft/weo/2012/02/pdf

 

And zerohedge points out there is a nice study in the report on fiscal multipliers, how they have been underestimated during the recession

http://www.zerohedge.com/news/2012-10-08/imfs-lagarde-unaware-what-imfs-market-moving-report-contains

 

Earnings coming up! I just keep on saying that until we are done…

http://www.businessinsider.com/q3-sp-500-earnings-preview-2012-10

 

…but no one seems to care! Analysts just push the earnings growth forward into the future…

http://www.zerohedge.com/news/2012-10-08/three-funniest-charts-youll-see-earnings-season

http://online.wsj.com/article/SB10000872396390443294904578042322780814076.html

http://ftalphaville.ft.com/2012/10/08/1197691/q3-earnings-wont-be-good-but-might-not-matter-much/

 

This is an interesting chart as well: US companies are cutting dividends

http://politicalcalculations.blogspot.nl/2012/10/dividends-us-continuing-descent-toward.html

 

Old news. But hey, let us all continue to ignore Japan for another couple of years???

http://www.economonitor.com/dolanecon/2012/10/08/by-one-key-budget-indicator-the-structural-primary-balance-even-greece-is-doing-better-than-the-united-states-why-that-should-worry-us/

 

Sell in May, but when should you return to the stock markets than? The answer is simple…

http://www.marketwatch.com/story/will-halloween-come-early-this-year-2012-10-05

 

Dutch housing market is Crashing! I had to laugh about the Paris bit, though???

http://www.businessinsider.com/netherlands-housing-crash-is-already-underway-2012-10

 

A study of the ECB looking into the Euro labour market. If you can talk about ‘the’ labour market, that is

 http://www.ecb.europa.eu/pub/pdf/other/euroarealabourmarketsandthecrisis201210en.pdf

 

Unemployment during Reagan and Obama appear to be showing the same pattern…

…but the difference is painfully clear

http://www.businessinsider.com/obamas-job-market-not-equal-to-reagans-2012-10

 

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