Post by jeffolie on May 2, 2012 11:18:42 GMT -6
Eurozone Crisis accelerates
Even before the upcoming failure of French and German between capitalist Merkel against incoming socialist Hollande, the last grouping of 3 months' economic numbers are accelerating downward more than the rosy financial media wrongly guessed. If the future bailouts become known to be truely doomed from the upcoming failure of French and German between capitalist Merkel against incoming socialist Hollande, then markets will collapse. Only time will tell how this actually plays out or if an accomodation will be reached that will "kick the can into 2013". my jeffolie view remains a 50% chance of Eurozone collapse in 2012 and most likely it will wait, 'kick the can', to 2013 and/or beyond.
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U.S. jobs data echo concerns over unemployment in the euro zone's hitting a new high, against a backdrop of 11 countries backsliding into recession.
" ... Meanwhile, euro-zone manufacturing activity shrank in April, data showed, at a faster pace than previously estimated, underlining fears of a deepening recession.
And on a national basis, Italy saw its purchasing managers’ index drop sharply by four points to 43.8, highlighting concerns about the country’s manufacturing sector. Spain and Greece further saw accelerating downturns, while activity also shrank in core countries.
“More worryingly, the forward-looking aspects of the PMI surveys from much of the region also weakened, suggesting that growth in the second quarter of this year is on track to be much weaker than growth in the first quarter,”
www.marketwatch.com/story/europe-stocks-rise-after-earnings-spain-off-2012-05-02
Even before the upcoming failure of French and German between capitalist Merkel against incoming socialist Hollande, the last grouping of 3 months' economic numbers are accelerating downward more than the rosy financial media wrongly guessed. If the future bailouts become known to be truely doomed from the upcoming failure of French and German between capitalist Merkel against incoming socialist Hollande, then markets will collapse. Only time will tell how this actually plays out or if an accomodation will be reached that will "kick the can into 2013". my jeffolie view remains a 50% chance of Eurozone collapse in 2012 and most likely it will wait, 'kick the can', to 2013 and/or beyond.
=============================
U.S. jobs data echo concerns over unemployment in the euro zone's hitting a new high, against a backdrop of 11 countries backsliding into recession.
" ... Meanwhile, euro-zone manufacturing activity shrank in April, data showed, at a faster pace than previously estimated, underlining fears of a deepening recession.
And on a national basis, Italy saw its purchasing managers’ index drop sharply by four points to 43.8, highlighting concerns about the country’s manufacturing sector. Spain and Greece further saw accelerating downturns, while activity also shrank in core countries.
“More worryingly, the forward-looking aspects of the PMI surveys from much of the region also weakened, suggesting that growth in the second quarter of this year is on track to be much weaker than growth in the first quarter,”
www.marketwatch.com/story/europe-stocks-rise-after-earnings-spain-off-2012-05-02