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| Cripes! A Euro-mime. |
The French and German economies both grew by 0.3% between April and June, bringing to an end year-long recessions in Europe’s largest economies.
Stronger exports and consumer spending, as well as government stimulus packages, contributed to the growth.
The data came as a surprise, with few analysts expecting Germany and France to start to recover so soon. But economic activity in the eurozone fell by 0.1%, showing the region as a whole is still in recession.
It was the fifth consecutive quarter of economic contraction in the eurozone, but was a marked improvement on the 2.5% drop recorded in the first three months of the year…
The UK government’s claims that it is a global recession maybe rings a little less true in terms of the mood music from each country over the last couple of days.
We’ve had the French finance minister hailing the figures as a sign of recovery and more optimistic noises from the US Federal Reserve.
Yet at the same time the governor of the Bank of England has said the recovery in the UK will be slow and protracted.
I’m not going to waste time on market responses. That’s still a day-to-day crapshoot.
Nice to see things are getting better somewhere in traditional measure.
I’m getting out popcorn for this one.
Just for the record, Alfred1 will be proposing Reagan/Volker style measures to combat inflation.
My stock portfolio is up 10% this month.
Unfortunately its still down 80% since last year.
0.3% growth in a single quarter is meaningless. I think the margin of error is larger. Wake me up when we’re back to 2007 levels.
That’s mot a mime.
It’s a human statue which might be a worse plague.
I’d guess it takes a smidge more talent to be a mime.
Is the USA in a U, V, or W shaped recovery? What about Europe. I think the lady expert in the other thread even commented on the coming commercial real estate defaults. Further, how many jobs, Jobs, JOBS can be lost before that alone would tip into another deflation cycle?
Sound to me we are in a W recovery at best and haven’t yet gotten thru the first dip.
Maybe a closer analogy would be a Tsunami of a reset. Wave after Wave washing our assets bare, leaving only destruction.
HOW I WISH we lived in a SOCIALIST state. Still too much the wild west over here.
The same analysts who didn’t see the recession looming, are predicting a recovery?
#4 bobbolina
You’re just baiting people with the Socialist comment.
I’ve read enough to know you probably sleep with a Reagan doll.
Agree with #2.
You get .3% growth with massive government spending and you haven’t even made it up to .0 without it and as one French economist said, “Government spending does not create wealth.” Their economies are still running on fumes and below the water line assuming the government spending had enough positive impact to outweigh the negatives of the increasing dept load.
#6–Dielse==really? Can you paste the offending phrase/sentence/paragraph I posted that could give you any such idea? I would be interested and thankful.
No.
I think Raygun was one of the worst. Good on image, weak on substance. My favorite: “Raygun would give a poor person he met in the street the shirt off his back, and never wonder why the guy was poor to begin with.”
Not “evil” as so many Repuglicans are today, except for the consequences of his socially inept programs. Just a meat puppet for the Astrologers his wife would channel through him.
Nope. I’m a wild eyed pragmatic, USA First, Machiavellian, science oriented, libertarian, social liberal with economic conservative underpinnings. At least, thats my cartoon self portrait.
You won’t find me wavering too much from that. On most threads where I am accused of being against individual liberty, its the lack of pragmatism that has rung my bell.
Details to be determined.
I bet if we sent the Euro’s Obama, Pelosi and Reid, they could have that recovery snuffed in not time.
#8 bobbo
fyi
“HOW I WISH we lived in a SOCIALIST state. Still too much the wild west over here.”
If we were sitting together in a bar drinking beer you and I would probably have a bit in common if your self assessment is correct.
Maybe not on how to get it done but on some things that need done and I always agree with your VOTE ALL INCUMBENTS OUT OF OFFICE.
Gee, and both France and Germany have socialized health care.
How do they do it?
*
Why do those who supported Bush and his policies that got us into this mess deny that socialistic economic engineering can get us out?
I thought it was a Euro-meme. My bad.
#9 Sports teams make trades, why not countries? Back in the day, I suggested that Canada trade its Prime Minister, Brian Mulroney, to Nicaragua for Daniel Ortega. But the idea didn’t fly.
#12, jb,
Yes, I remember. Wasn’t Nicaragua’s reasoning that they didn’t need any Airbuses for their national airline?
Hard Fusion!
#14,
At least I’m not Cold.
#10–Well, thanks Diesel==few of us live up to our own self assessments. After a few beers, I probably sound like a little whiny socialist bastard==complaining that the beer is not free.
xxxxx. Actually – - – No.
I think I’m really just “anti-authoritarian,”/contrarian/curmudgeonly and today most authority is of the “mindlessly pro-capitalist” point of view, so I spout off like a socialist.
I wonder how many folks here are beer worthy? Not everyone, but quite a few?