Saturday, January 7, 2012

German Factory Orders Drop Most in Nearly 3 Years; Icing On the European Recession Cake

"It is amusing to see how other writers portray a story vs. what I would say about the same data.

For example, Bloomberg columnist Rainer Buergin reports German Factory Orders Declined Most in Almost Three Years.

Please consider Buergin's interpretation of the story vs. mine. Both follow.

Bloomberg: German factory orders dropped the most in almost three years in November as the euro region economy edged toward a recession and global demand weakened.

Mish: German factory orders dropped the most in almost three years in November as the European recession deepened..."

at http://globaleconomicanalysis.blogspot.com/2012/01/german-factory-orders-drop-most-in.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29