Sorry I'm not more into these articles, but I'm sick of the lies coming forth from the business section of my bankster paper.
"Markets cheered the pessimistic survey results.... “The German economy may not be as strong as we thought’’
Markets is mouthpiece media newspeak for bankers.
They always have had it in for the Germans, haven't they? Never forgave them for that bad man who got 'em off the needle -- for a while at least. Then he stand against the forces of the world and it was too much for little Germany. I know that isn't the received wisdom from your Jewish-created school curriculum or ma$$ media, but that has been proved false at worst, distortion at best.
"Eurozone said still caught in a recession; Investors push ECB for action to stimulate growth" by Jack Ewing | New York Times, April 24, 2013
The beleaguered eurozone remains stuck in recession, according to data published Tuesday, increasing pressure on the European Central Bank to find a way to stimulate growth soon.
Stock and bond markets rallied in the United States and Europe on hopes that the central bank would cut the benchmark interest rate for euro countries as early as next week. On Wall Street, the Standard & Poor’s 500 index and other major barometers all closed with gains of more than 1 percent....
How much lower can they cut it?
But outside of trading rooms, the European data were not likely to inspire any joy.
That means for the vast majority of us, the people on the planet, it sucks.
Besides pointing to continued decline in the eurozone economy, the survey of corporate purchasing managers by the research firm Markit showed that Germany could be slipping into recession.
Germany has served as the main counterweight to economic malaise elsewhere in the eurozone, and a prolonged slowdown there could delay a recovery on the whole continent....
There never was a recovery. This thing has been going downhill, and it's been a GRAND DEPRESSION for FIVE YEARS NOW!
The German economy shrank 0.6 percent in the last three months of 2012.
It shrank during the Christian/Jewish holiday season, here most businesses make the money that puts them in the black? Not good.
Another negative quarter would mean the country was in recession and present a problem for Chancellor Angela Merkel as her party campaigns to remain in power in elections this autumn.
Do politicians matter anymore? Europe goes from leftist-socialists (for banks only as Greece and France found out) to right-wing conservatism (I can't come up with one off the top of my head, 'kay? Spain, maybe) and it doesn't matter. Bankers get the money, debts are piled higher, and austerity must then again be imposed.
Meanwhile, the stubborn slowdown in the eurozone is likely to further inflame the debate about how much more austerity troubled countries in Europe can take. Many political leaders are arguing for a greater emphasis on growth.
Dump the banksters and their servile slaves in the drink first.
In Europe’s most troubled countries, there was little sign of a turnaround in growth. Economic activity in Spain declined 0.5 percent in the first three months of this year, the Bank of Spain said in a preliminary estimate Tuesday.
Still, markets cheered the pessimistic survey results because of expectations that they would prompt the ECB to cut interest rates or take other action when its policy making board meets May 2....
But that tidbit of good news was clouded by a decline in optimism among German purchasing managers which might be the result of a deceleration in the pace of growth in China, which in recent years has become one of the most important markets for German products like automobiles and machinery. China has helped to compensate for weak demand in the rest of Europe.
Well, looks like Germany would be in no rush for WWIII. Ain't that a "switch?"
Related:
"A report from HSBC Corp. showed that growth in China’s manufacturing sector was less than expected, raising more concerns that oil demand could weaken in the second-largest oil-consuming country."
And down goes Europe, down goes Europe, down goes Europe!
Even if Germany is merely treading water, that is still bad news for the rest of the eurozone. The German economy has played a crucial role in compensating for the swath of economic woe that runs from Cyprus to Ireland by way of Greece, Italy, Spain, and Portugal.
“The German economy may not be as strong as we thought,’’ Marie Diron, a senior economic adviser to the consulting firm Ernst & Young, said by e-mail....
The new data raised expectations that a cut in the benchmark interest rate, already at a record low 0.75 percent, could come when the central bank meets May 2.
Translation: the bankers, I mean markets, want free money coming off those printing presses and right into their greedy little fists. Shakespeare and Hitler had it wrong. It's kill all the bankers.
It is also possible the ECB could look for other ways to ease a credit crunch in countries like Italy and Spain. Mario Draghi, the ECB president, has often complained that low official interest rates have not benefited companies in the troubled countries because banks remain too reluctant to lend....
Yeah, well, LENDING MORE MONEY is NOT the ANSWER to this PROBLEM!
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Here is why the "markets" are cheering:
"US wealth gap grew during recovery; Stock holdings outpace homes" by Pauline Jelinek | Associated Press, April 24, 2013
WASHINGTON — The richest Americans got richer during the first two years of the economic recovery while average net worth declined for the other 93 percent of US households, a report released Tuesday said.
(Blog editor brings his legs together, sits up straight in his seat, and calmly types that this is proof only the elite that caused the Grand Depression benefited, there never was the recovery the ma$$ media shit bags constantly procliam, it's all been lies, lies, lies, lies, lies, lies, lies about the economy, lies about the environment, lies about wars, lies about mass shootings, lies about every single thing you see from them. Everything. Everything. Everything)
The upper 7 percent of households owned 63 percent of the nation’s household wealth in 2011, up from 56 percent in 2009, said the report from the Pew Research Center, which analyzed Census Bureau data released last month.
The main reason for the widening wealth gap is that affluent households typically own stocks and other financial holdings that increased in value, while the less wealthy tend to have more of their assets in their home, which has not rebounded from the plunge.
???
But I've been told again and again and again home prices have been rising, have been rising, are in good shape.
And my pension is still flat when the stock market is zooming. What's up with that (blog editor almost in tears and can't see type no mrkw)?
Tuesday’s report is the latest to point up financial inequality that has been growing among Americans for decades, a development that helped fuel the Occupy Wall Street protests....
Which has been all but forgotten, and for good reason.
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