"You dip the way you want to dip … I'll dip the way I want to dip."
Posted on 01/13/2010 7:23:55 AM PST by blam
Germany Looks Like It's Double-Dipping
by: The Business Insider
January 13, 2010
This is why concern about the euro is becoming so mainstream.
Even the healthy powerhouses of Europe -- we're not talking Greece and Ireland here -- are showing signs of instability, or at least weakness.
New numbers out of Germany do not look good.
Despite strong Q3 growth, total 2009 output plunged 5% in 2009, which means implicitly that Q4 came in worse than expected, according to The New York Times.
The statistics agency did not release a figure for the fourth quarter, but economists said the greater-than-expected full-year decline implied that growth had slowed from the third quarter, when output rose 0.7 percent compared to the previous quarter. The exact figure is impossible to calculate now because economists don’t know if government statisticians will revise figures from earlier quarters.
If earlier figures stand, then fourth-quarter growth was almost stagnant. But economists said growth probably continued in the latter part of the year, though possibly at a slower pace. “We expect the German economy to have posted substantial growth in the fourth quarter — even if it does not quite match the excellent third quarter,” Commerzbank economists said in a note to investors.
The bottom line is that there's precious little right now to suggest a solid v-shaped recovery anywhere in the world.
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(Excerpt) Read more at seekingalpha.com ...
"You dip the way you want to dip … I'll dip the way I want to dip."
You mean worldwide socialists can’t bring on worldwide economic growth?
IMO the Euro is going to crash and consequently the dollar will show sustained growth for some months. This will break the carry trade and bring a world of hurt to the SP 500.
I thought socializm would work if we could just force EVERYONE to practice it.
Yesterday I got an email from a German TV producer wanting to come out to Arizona and film my family in regards to our prepping and my blog, TheSurvivalMom. Guess the German people have figured out they’re in for some tough times ahead and want to know more about food storage, etc.
Well...good for you. Show'em how to do it. I've posted a link to your blog below.
If they make a video that you can post here, please do so and ping me.
Did you see the Newsweek article and video about me and preppers in general? Here’s the link to my blog post about it and then you can go on to Newsweek.
http://thesurvivalmom.com/2009/12/30/newsweek-survivalism-lite-featuring-thesurvivalmom/
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