THE TRUTH ABOUT EUROPE

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Monday, April 2, 2012 THE TRUTH ABOUT EUROPE The economy is getting worse. We just got a big slew of PMI numbers, and a few things are clear in Europe. The periphery is hurting badly. What countries like Spain, Italy, and Greece so desperately need is growth, and they're not getting any of it. This not only is bad from a societal standpoint (as the jobs picture gets worse and worse) but it makes sovereign debt dynamics worse, as the GDP part of debt-to-GDP shrinks. Core is not doing so hot either. The French number showed a particularly steep drop. Germany has dropped below 50 as well. Surprisingly, the only real "bright spot" was Ireland, which saw a big pickup in New Orders and exports. Somehow it continues to avoid the curse of the rest of the PIIGS. This chart from Markit summarizes the situation up nicely, as it shows the core of Europe rapidly meeting the periphery in the recession zone. Read » Also On Money Game Today: In The Last 24 Hours, We Learned The True State Of The Global Economy ARE YOU SITTING DOWN? Check Out The Latest Youth Unemployment Number In Spain British Traders Have Discovered BitCoin An Online Debate Between Paul Krugman And Steve Keen Is Turning Ugly Advertisement CHART OF THE DAY: A Secret Economic Indicator Shows The Economy Is Still On Fire CHART OF THE DAY: The Crisis Is Creeping Back, The Italian Market Is Getting Clobbered CHART OF THE DAY: The Spanish Housing Chart That's Going To Crush The Banking System Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: ipat39@gmail.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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