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France's GDP will slide 0.1% in Q4, the country's central banks predicts. With the bank also...

France's GDP will slide 0.1% in Q4, the country's central banks predicts. With the bank also estimating that Q3 GDP fell 0.1%, that would put France in recession. Economist say the news shows the government's forecast for 0.8% GDP growth next year is optimistic, especially with all those cutbacks it plans. No wonder Germany is worried.
Comments (1)
  • Pinocchio1
    , contributor
    Comments (206) | Send Message
     
    Ohhhh.... again, binary thinking supports the doom-prophets
    A couple of Q's below 0 => recession
    If for example you have
    Q1 +0.1%
    Q2 -0.6%
    Q3 +0.1%
    Q4 -0.6%

     

    No recession...
    I know economists are not the sharpest, especially the financial sector.
    But even they heard in College about trailing ave, weighted trailing ave... use whatever method, but SOMETHING WHICH MAKES SENSE !!!!

     

    An example that these guys are not the sharpest?
    Take your ave bear for example - since the media loves negative news, the Bears get the headlines
    Well... the S&P trading volumes are about a 1/4 of what they were a few years ago.
    The bears are pumping their headlines, and the private investor says - "see you later"
    and... the bear loses his job !!! there are no commission to sustain his outrageous salary
    and this I call - not the sharpest

     

    I have no beef with people stating their honest opinion.
    But Last Summer there were over 50% of the shmanalysts promising a recession ("100% chance"... they missed the lesson on percentages) hoping for a national TV exposure. They got it. Good job. The shmanalysts and the media
    9 Nov 2012, 07:10 AM Reply Like
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