Daily Reading the Financial Markets: 11/8/12
Wolf Richter at Testosterone Pit on the plummeting use of prescription drugs in the U.S. as companies pull back on hiring and medical coverage, and strapped consumers migrate towards generics.
Sober Look notes that the “fiscal cliff” is no longer just a tail risk, but a major consideration for fund managers.
Gregor Macdonald makes the case that the U.S. rail system is primed for a renaissance.
From Zero Hedge, the youth unemployment rate in Spain and Greece continues to accelerate higher. Partner that with staggering economies and you’ve got a recipe for revolution: