Zombie Economy: European Industrial Production Unexpectedly Declines
August 12, 2009 at 07:52 AM EDT
[Skip to the end] Looks to me like the world hit a ’soft spot’ in July, maybe due to the winding down of China’s suspected ‘inventory building.’ CPI’s continue to fall in the Eurozone indicating continuing domestic demand weakness. Strong productivity gains are not being matched with fiscal adjustments to sustain output and employment, as evidenced by a [...]