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Markit flash eurozone PMI comes in at 48.7 vs. 49.2 expected and 49.3 prior, suggesting the...

Markit flash eurozone PMI comes in at 48.7 vs. 49.2 expected and 49.3 prior, suggesting the eurozone has slipped back into a technical recession. Following the weak numbers, EU's Barroso says the sovereign-debt crisis is far from over. Euro -0.45% to $1.315.
Comments (5)
  • jdub2788
    , contributor
    Comments (5) | Send Message
     
    It's ok...CB's will make it all better.
    22 Mar 2012, 05:28 AM Reply Like
  • schatzl
    , contributor
    Comments (391) | Send Message
     
    what a surprise! ....not.

     

    Europe's troubles are just at the beginning. Underlying data (excluding Germany) have been very poor for months. All this talk of recovery was disingenuous. Rough months ahead.

     

    Not the market is always correct, but the underlying economic data.

     

    Been short the European indices since end last week, short €, long gold (so have mixed results to show so far).
    22 Mar 2012, 05:29 AM Reply Like
  • bbro
    , contributor
    Comments (9321) | Send Message
     
    How could they slip back when they hadn't recovered yet???
    22 Mar 2012, 06:29 AM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1802) | Send Message
     
    "has slipped back into a technical recession"

     

    What the hell does that mean?

     

    Partial pregnancy?
    22 Mar 2012, 10:22 AM Reply Like
  • ggggg
    , contributor
    Comments (22) | Send Message
     
    technical recession: Well, actually it is a recession, but all the words used to describe it must be positive and encouraging to long investors...
    22 Mar 2012, 10:33 AM Reply Like
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