"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Friday, November 16, 2012

Surprise, surprise--AFTER the election, the TRUTH comes out

Surprise, surprise--AFTER the election, the TRUTH comes out--

1. Poverty is up;
2. Jobless claims are up;
3. Inflation up;
4. Eurozone already in recession--

Euro zone falls into second recession since 2009 | Reuters: (Reuters) - The euro zone debt crisis dragged the bloc into its second recession since 2009 in the third quarter despite modest growth in Germany andFrance, data showed on Thursday. The French and German economies both managed 0.2 percent growth in the July-to-September period but their resilience could not save the 17-nation bloc from contraction as the likes of The Netherlands, Spain, Italy and Austria shrank. Economic output in the euro zone fell 0.1 percent in the quarter, following a 0.2 percent drop in the second quarter. Those two quarters of contraction put the euro zone's 9.4 trillion euro ($12 trillion) economy back into recession, although Italy and Spain have been contracting for a year already and Greece is suffering an outright depression. A rebound in Europe is still far off. . . . . "

GLOBAL MARKETS-Shares sink on 'fiscal cliff,' Europe recession
Reuters
NEW YORK, Nov 15 (Reuters) - Global stocks fell for a seventh day on Thursday after data showed the euro zone entered a recession in the third quarter and on fear of the U.S. "fiscal cliff," while oil prices gained on growing concerns about violence in ...

Euro Zone Q3 GDP To Contract On Worsening Debt Crisis
Action Forex
The Euro Zone falls under the spotlight as financial markets are waiting for the first Euro ZoneGDP reading for the third quarter 2012 with expectations the economy contracted amid the worsening sovereign debt crisis. The first GDP reading for the 3 ...

European shares dip as euro zone sinks into recession
Reuters
LONDON, Nov 15 (Reuters) - European shares fell for the second day running on Thursday as investors fretted over waning growth due to the euro zone debt crisis and doubts about the U.S. fiscal situation. By 1112 GMT, the FTSEurofirst 300 had shed 4.86 ...

Euro zone double dips back into recession
MarketWatch
FRANKFURT (MarketWatch) — Europe's long-running debt crisis dragged the 17-nation euro zoneback into recession in the third quarter, data showed Thursday, offering a negative counterpoint to growing optimism among U.S. and global investors over ...

UPDATE 2-Top euro policymakers at odds over Greek debt fix
Reuters
ECB's Coene says writedown probable eventually. * IMF pressing for ... The euro zone's debt crisisbegan in Greece three years ago when a newly elected government disclosed that the country had knowingly understated its budget deficit. Athens managed ...

PRECIOUS-Gold slips as weak euro zone data hurts stocks
Reuters
Stocks hurt by weak euro zone growth data. * World gold demand slides in Q3 - WGC. * South Africa mine strikes end, tensions remain. By David Brough. LONDON, Nov 15 (Reuters) - Gold eased on Thursday as evidence that Europe's debt crisis has hurt ...

Euro zone falls into recession
TVNZ
The euro zone fell into a recession in July-September, the second since the global financial crisisin 2009, as French resilience could not make up for a slump across Europe and the three-year debt crisis slowed Germany to a crawl. Economic output in ...

Fiscal Cliff Crisis; Will Lawmakers Reach Some Sort of Deal?
TveNews.com
While the fiscal cliff issue has been at the back of investors' mind for over a year now, focus completely turned to the impending threat following the U.S. Presidential election on November 6. The fiscal cliff refers to the implementation of automatic ...

Euro zone falls into second recession since 2009 | Economy | GMA ...
The euro zone debt crisis dragged the bloc into its second recession since 2009 in the third quarter despite modest growth in Germany and France, data showed on Thursday.
GMA News Online

Euro-zone limps into recession – Debt crisis hits growth, outlook ...
By Kuwait Times
BRUSSELS: The 17-nation euro-zone was in recession for the second time in three years in the third quarter, official data showed yesterday, as the debt crisis exacts a heavy toll and the outlook darkens steadily. The euro-zone economy ... France meanwhile also managed 0.2 percent but Spain shrank 0.3 percent and Italy 0.2 percent, boding ill as the euro-zone struggles to put its financialaffairs in order through the austerity policies which are proving so unpopular. Non-euro Britain ...
Kuwait Times

Euro zone dodges disaster but doesn't rebound - Analysis & Opinion ...
By Edward Hadas
If politicians and central bankers had responded less well to the 2008 financial crisis and the on going euro crisis, the euro zone would be stuck in a vicious cycle of debt deflation and economic decline – Greece writ large. Despite foreign ...
Breakingviews

Euro zone slips into second recession since 2009 - World - IBNLive
The euro zone fell into a recession in July-September, the second since the global financial crisis in 2009, as French resilience could not make up for a slump across Europe and the three-year debt crisis slowed Germany to a crawl.
IBN Top Headlines

Euro-Zone Woes Fuel Immigration to Germany - Spiegel Online
Experts immediately began pointing their fingers at the euro zone's reliance on austerity measures as it struggles to emerge from the ongoing debt crisis.
www.spiegel.de/.../euro-zone-enters-recession-as-immigration-...

Europe stocks drop 1.7% on week, Greece weighs - MarketWatch
LONDON (MarketWatch)—European stocks closed the week 1.7% lower with banking shares under pressure Friday, as upbeat Chinese economic data failed to ...

CEPR: Euro-Zone Economy Suffers Recession Since 3Q 2012 - The ...
The euro-zone economy has been in recession since the third quarter of last year , following the ...Real-time updates and analysis of Europe's debt crisis ...
blogs.wsj.com/.../cepr-euro-zone-economy-suffers-recession-si...

Euro zone falls into second recession since 2009 - Yahoo! Finance
Finance: The debt crisis dragged the euro zone into its second recession since 2009 in the third quarter despite modest growth in Germany and France, data ...



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