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Eurozone factory activity grows at fastest rate in 32 months

  • Eurozone manufacturing PMI increased to a 32-month high of 54 (flash 53.9) in January from 52.7 in December.
  • Germany led the expansion and Greek PMI returned to growth for the first time since August 2009, while Spain hit a 45-month high and France showed signs of stabilization
  • Improving new orders inflows and rising backlogs supported renewed job creation.
  • The data is consistent with GDP growth of 0.4-0.5% in Q1.
  • The euro is +0.1% vs the dollar. (PR)
  • ETFs: FXE, VGK, EUO, FEZ, EWP, GREK, ERO, IEV, EPV, EZU, HEDJ, DRR, FEU, EUFX, UPV, ULE, FEP, ADRU, URR, FEEU, DBEU, EURZ, EURL, FIEU
Comments (12)
  • Tack
    , contributor
    Comments (12704) | Send Message
     
    But, let's worry about Turkey.
    3 Feb, 04:38 AM Reply Like
  • june1234
    , contributor
    Comments (2492) | Send Message
     
    Not Turkey leverage from Brazil to turkey China alone carries a debt load = 230% of their GDP, and all of it from brazil to turkey underinsured. Weakening corp earnings aren't helping.
    3 Feb, 07:07 AM Reply Like
  • Sellinpanic
    , contributor
    Comments (577) | Send Message
     
    Let's start paying our debt back first instead of accumulating it...
    3 Feb, 04:41 AM Reply Like
  • mitrado
    , contributor
    Comments (1948) | Send Message
     
    The PIGS are all facing extreme times of growth:
    - Poverty is growing;
    - Unemployment is growing;
    - Corruption is growing;
    - Social unrest is growing;
    - Worker's apathy is growing;
    - Corporations' lack of organization is growing.
    Welcome to the marvellous world created by Extremely Greedy Capitalism! Ain't it a wonder?
    3 Feb, 07:32 AM Reply Like
  • Tack
    , contributor
    Comments (12704) | Send Message
     
    Too blind to note that all places in trouble are dripping in socialism.
    3 Feb, 09:01 AM Reply Like
  • Sellinpanic
    , contributor
    Comments (577) | Send Message
     
    @Tack
    It depends what you mean with "socialism", the USSR era socialism or socialism a'la health care European style compared to the US pay yourself everything or die capitalism. You could then say that the UK is very a socialistic state like all of the Mediterranean as Nordic countries if government owning or social security is the measure. Please define what you mean with the "socialism" remark?
    3 Feb, 09:27 AM Reply Like
  • Tack
    , contributor
    Comments (12704) | Send Message
     
    S:

     

    I simply meant that no truly capitalistic country (so few that there are, these days) is on the list of endangered.
    3 Feb, 09:29 AM Reply Like
  • Sellinpanic
    , contributor
    Comments (577) | Send Message
     
    Fair enough, however the countries in trouble are economically very small compared to the countries that can partially "mask" their problems e.g. the US debt load is alarmingly high for a capitalistic country, it can not be sustained forever or the same path as Greece will eventually emerge in the US also, someone has to pay the bill at the end of the day since growth on debt will eventually stop.
    3 Feb, 09:49 AM Reply Like
  • Tack
    , contributor
    Comments (12704) | Send Message
     
    S:

     

    Sorry, but U.S. is a socialistic country, these days too, regardless of how it may wish to be portrayed.
    3 Feb, 09:52 AM Reply Like
  • mitrado
    , contributor
    Comments (1948) | Send Message
     
    Since when does Socialism mean paying ever increasing taxes for ever decreasing services!?
    3 Feb, 10:12 AM Reply Like
  • Eudaimonia
    , contributor
    Comments (527) | Send Message
     
    The US gets most of its tax dollars from income taxes and taxes on business, unlike European countries which get most of there taxes from VAT.

     

    These taxes are much more prone to recessions, since income and business profits go down during recessions.

     

    This is why you have the illusion that the US is on some unsustainable path.

     

    I think what matters in terms of govt debt is % of GDP to service debt the imporant one: http://bit.ly/1esN4ut. I haven't checked recently but anyone can this number is likely at a decade low.

     

    I think another important metric is debt to assets at least it is for businesses, obviously the assets of the US dwarf its debt.

     

    And of every year since 2010 the deficit has grown smaller.

     

    Some interesting graphs to think about

     

    http://bit.ly/130gE1N

     

    http://bit.ly/gXlg9w[1][id]=HDTGPDUSQ163N

     

    http://bit.ly/1esN4uv

     

    http://bit.ly/gXlg9w[1][id]=FYFSD
    3 Feb, 10:20 AM Reply Like
  • isohappy
    , contributor
    Comments (16) | Send Message
     
    Shades of the Emperor's New Clothes! Thank you for telling it like it is.

     

    When cell growth is unregulated and going for itself instead of the good of the body as a whole, it's called cancer.
    3 Feb, 01:22 PM Reply Like
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