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A friend sent me the following link today.
June 21, 2012
The euro crisis, in one picture
Q2 GDP Tracking: Mid-2s
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From BofA:
Since our last weekly publication, our 2*Q GDP tracking is down one-tenth
to 2.2% q/q saar*. [July 18th estimate]
emphasis added
From Goldman:...
10 hours ago
4 comments:
Love it. Of course, my question is, when do the Germans realize that their export-driven economy is now entering stall speed. The Chinese PMI has contracted for the 8th month in a row, and they have effectively euthanized the PIIGS. Looking to sell to the BRCs? Slowing there too. US...got a pulse, not much else. I do hope the Germans have a plan.
fried,
US...got a pulse, not much else.
We have a strong recovery with creativity and strength.
"We have a fun environment with creativity and fun."
Same tune, slightly different lyrics, lol. Sigh.
Stag,
It really is an illusion of posterity. Everyone thinks they understand history. Everyone thinks they understand how the system works.
The brainwashing has been immense. Still, the outcome is not a certainty. Either way, trouble looms.
mab,
It really is an illusion of posterity.
Nice. The "poster" is real though. I'm fairly sure of that. ;)
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