Bloomberg: Pimco’s El-Erian Says U.S. Economic Setting ‘Terrifying’

From http://www.bloomberg.com/

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Pimco’s El-Erian Says U.S. Economic Setting ‘Terrifying’
By Cordell Eddings and Betty Liu - 2011.11.22 07:20 PM

Pacific Investment Management Co.’s Chief Executive Officer Mohamed A. El-Erian said U.S. economic conditions are “terrifying” as the nation struggles to recover from recession.

Bloomberg: Fed Lowers Economic Growth Outlook for Next Year, Sees 8.6% Unemployment

Fed Lowers Economic Growth Outlook for Next Year, Sees 8.6% Unemployment
By Craig Torres - 2011.11.02 11:32 AM

Federal Reserve officials lowered their outlook for U.S. economic growth in 2012 and forecast that unemployment will average from 8.5 percent to 8.7 percent in the final three months of next year.