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Economic agenda: Friday, Oct. 8, 2010

Throughout the day -- The IMF and World Bank hold their annual fall meetings

At 8:30 a.m -- The Labor Department releases unemployment numbers for September.

At 10:00 -- Wholesale inventories for August released.

At 1:25: Federal Reserve Governor Daniel Tarullo speaks on financial regulation

By Ariana Eunjung Cha  | October 8, 2010; 6:29 AM ET
Categories:  *Economic agenda  
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The new employment and economic numbers have many economists warning of double dip which others absolutely dismiss. There is positive talk of deflation worries decreasing.
My biggest fear is the slightly less than 17+% per year average increases in food and fuel for the last five years on America's lower middle and lower income classes. When this gets too high as it did in 2oo8 we have problems. Our government has seen fit to remove food and fuel from the most viewed inflation indicators, I can understand why.
The real bad news is that approximately two thirds of the world's population fits the economic classes above. When they quit buying hard goods, services and paying bills to pay for their fuel and food as we witnessed in 2008 the markets have a global problem.

Posted by: Anonymous | October 8, 2010 9:25 AM | Report abuse

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