Today's Belle

Low GDP Growth, plus High Unemployment, plus Rising Prices is the formula for Stagflation.

Targets:

• GDP Growth    2%
• Unemployment  4%
• Inflation     2% 

Currently:

• GDP Growth    0.7%
• Unemployment  4.4% 
• Inflation     2.5%

The Organization for Economic Cooperation and Development projects inflation to hit 4.2% for the year.

Consumer Confidence is dropping.

Consumer Expectation is dropping.