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The eurozone is officially in a double-dip recession as Q3 GDP falls 0.1% Q/Q (in line), having...

The eurozone is officially in a double-dip recession as Q3 GDP falls 0.1% Q/Q (in line), having dropped -0.2% in q2. On year, GDP -0.6% vs -0.4%. Euro +0.2% vs the dollar. (PR)
Comments (11)
  • User 353732
    , contributor
    Comments (5046) | Send Message
     
    For years now the EU has pursued the policies of wealth destruction and hostility to genuine entrepreneurship.
    it has used massive, unsustainable bad debt and fake currency to create the illusion of material prosperity.

     

    For a great majority of Europeans the material and civic quality of life is now in a long term decline that will accelerate as the effects of bad demographics become even more manifest in the next 10 years.
    15 Nov 2012, 05:40 AM Reply Like
  • BruceInKY
    , contributor
    Comments (443) | Send Message
     
    Why do I get the feeling I'm watching a preview of coming attractions?
    15 Nov 2012, 07:32 AM Reply Like
  • spald_fr
    , contributor
    Comments (2805) | Send Message
     
    That is one beautiful viewing shed, pardner!
    15 Nov 2012, 10:23 AM Reply Like
  • surfnspy
    , contributor
    Comments (415) | Send Message
     
    Ya what is that thing?
    15 Nov 2012, 12:45 PM Reply Like
  • BruceInKY
    , contributor
    Comments (443) | Send Message
     
    It's a locally crafted Tardis.
    15 Nov 2012, 01:03 PM Reply Like
  • Interesting Times
    , contributor
    Comments (13851) | Send Message
     
    Were next !

     

    Couple of quotes i have seen recently that might interest you..

     

    Monday, November 12, 12:28 PM An eye-opener, domestic equity funds had $30B in outflows in October, according to a Goldman report (as reported by Raj Dhaliwal). It's the largest amount of the year, and represents one-third of all of 2011's outflows. Bond funds had their biggest inflows of the year - $44B against an average $32B. (see credit risk "euphoria")

     

    or this one!!!

     

    Wednesday, November 14, 10:29 AM The run of late-day market declines looks so familiar to the action of 5 years ago that Art Cashin dug out a note of his from November 2007. "Like playing poker ... you can bluff and posture ... (but) old traders see the final minutes of trading as truth time ... everything up until then is stage play. That's why the action in the final 30 minutes ... is of concern."
    15 Nov 2012, 06:23 AM Reply Like
  • mitrado
    , contributor
    Comments (2021) | Send Message
     
    Have we ever been out of recession?
    15 Nov 2012, 07:32 AM Reply Like
  • june1234
    , contributor
    Comments (3255) | Send Message
     
    According to the political campaigns they are/were 23 million un or underemployed in this country. They might agree with you. US GDP growth is slower this year than in 11 which was slower than 2010.Not sure I see much difference here than I do over in Europe and Japan.
    Maybe they can continue doing what they've been doing with housing, stop the release of all those foreclosed properties banks are holding watch prices go up, call it a housing recovery. they cant hang on to those properties forever.
    15 Nov 2012, 10:04 AM Reply Like
  • Hendershott
    , contributor
    Comments (1622) | Send Message
     
    So, how's that austerity program working out?
    15 Nov 2012, 12:49 PM Reply Like
  • Padawan learner
    , contributor
    Comments (61) | Send Message
     
    European recession, it's obviously the fault of the rich, wealth inequality, reduced government spending, the banks, the obstructionist US congress, Bush, larger storms due to climate change and cheap Chinese products.
    Did I miss any one?
    15 Nov 2012, 01:20 PM Reply Like
  • mitrado
    , contributor
    Comments (2021) | Send Message
     
    Yes, Padawan: DurĂ£o Barroso & Van Rompuy plus almost every politician who's ever been in power, in the last 3 decades, in every democratic country. Quite a few, eh?
    15 Nov 2012, 01:34 PM Reply Like
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