German Economic Contraction Begins As Both Mfg And Services PMI Prints Miss Expectations

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Thu, 09/23/2010 - 08:23 | 599452 Midasfinancas
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Glad i shorted it on the opening bullshit pump.

Thu, 09/23/2010 - 08:24 | 599460 Sean7k
Sean7k's picture

Well, with so many saying double dip, what will it require before financial reporters see the light? 

People do not expand activity without buyers. Buyers don't purchase without a hope for demand. Demand does not exist without hope. Hope does not bloom from massive unemployment and government/personal/corporate debt. 

Pretty simple really...

Thu, 09/23/2010 - 09:12 | 599519 Young
Young's picture

They never will, they'll spin every bad piece of news making it sound good. Their careers depend on it. Unpartial media covereged is one of the largest myths ever made up.

Thu, 09/23/2010 - 08:25 | 599461 Justibone
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Reverse beauty pageant continues.

Thu, 09/23/2010 - 08:26 | 599463 tom
tom's picture

These numbers aren't so bad, once you strip away the bs "expectations" of stellar performance. If the Germans can avoid a 2h dip after the 2q growth spurt, they're doing well, in my book. It was obvious they were riding on euro weakness and would stumble as the euro recovered.

Thu, 09/23/2010 - 08:46 | 599492 Saxxon
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Thu, 09/23/2010 - 08:29 | 599467 FischerBlack
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The 10 Year Note yield correlation to the S&P gave some pretty bearish signals recently.


Thu, 09/23/2010 - 08:30 | 599469 The Franchise
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How can you have any pudding if ya don't each ya'r meat?

.... just another brick in the wall.

Thu, 09/23/2010 - 08:35 | 599476 99er
99er's picture

Chart: 6E

The writing was on the wall.

Thu, 09/23/2010 - 09:27 | 599571 Caviar Emptor
Caviar Emptor's picture

Sharp top already in. 

Thu, 09/23/2010 - 10:49 | 599792 Chris1
Chris1's picture


Quite amusing, the illusionary world the financial markets are living in.

Germany is one of the few western countries that didn't ship its industrial base to China in exchange for banker's boni. Outcome? Lowest unemployment rate in decades, economy is doing quite ok. Bankers are having less and less influence, huge outcry because HRE wants to hand out 25 million € in boni (yes, you read that right, 25 million not 25 billion). Now, what did I want to say? Right. Maybe the West should take China as an example and start by letting investment bankers harvest cotton.

Thu, 09/23/2010 - 11:07 | 599852 HarryWanger
HarryWanger's picture

Thanks for posting this story. This is rather big news being ignored by the CNBC/Marketwatches or the world. They're just happy the US "beat" expectations on the most idiotic indicator of them all, Leading Indicators.

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