No Good Economic News From Across the Pond Or At Home

Scanning the recent economic news, first it was the UK, then Italy and now reports from Germany.  It seems like we’re butting up against some growing headwinds that will impact US manufacturing in coming months.

Now there is more talk at home about the “fiscal cliff” coming at us at the end of the year.  In case you haven’t been following this, it’s the automatic tax increases and deep budget cuts in the defense industry that collectively falls under “sequestration”.

So it looks like we will have businesses starting to hold off investments and possibly hiring until the various clouds get cleared up

And that won’t be until the new year of 2013.