Thursday, August 4, 2011

Could There Really Be A Recession Risk In Germany?

"Oh, come on Edward, surely this time you are going too far? The Germany economy is the strongest in Europe, time and again we have been told it is powering and powering ahead. It has just demonstrated record growth performances. So where the hell could you possibly get the crazy idea that Germany might be in for a double-dip recession? Must be the summer Spanish heat.
Well, no. Perhaps the idea is not as absurd as it seems at first sight. Try taking a look at this chart (exhibit A), for starters. This is what just happened to German manufacturing industry..."

German manufacturing PMI

at http://www.creditwritedowns.com/2011/08/germany-double-dip-recession-risk.html

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