Another Snapshot Of The European Recovery

Tyler Durden's picture

What can one say... Europe's stock markets are booming, bond yields (and spreads) are tumbling... and earnings growth expectations are - collapsing...

What a difference 2 months make... from expectations of over 9% growth to a dismal 2% growth (and falling)...


h/t @Not_Jim_Cramer

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flacon's picture

The snap-back to reality is going to be a bitch!

knukles's picture

Earnings schmernings if Merkel didn't cry and the Head Frog says it's OK, then it's OK
Those people need a good alien invasion complete with an August of Rectal Probes

Mr. Magoo's picture

There is no reality, we are officially living in the matrix

"We're an empire now, and when we act, we create our own reality. And while you're studying that reality—judiciously, as you will—we'll act again, creating other new realities, which you can study too, and that's how things will sort out. We're history's actors

Karl Rove

Manthong's picture

It’s really amazing all of the great things you can do with €1.8 trillion in LTRO’s backed up by upwards of $.5 trillion in Fed dollar/euro swaps.

cooky puss's picture

Europe recognizes reality already!

France's Presidebt François Hollande calls this "negative growth".

See! Growth we tell you! ;)

Seems legit.

Eurodollar's picture

No worries, the "really, REALLY G R E A T reset" is soon upon us. 

NDXTrader's picture

In the new, new world those things go together quite nicely. This whole new Euro QE buzz is just hilarious to me. Why would they ever actually do it? Evidently they can just talk about it and everything is better than if they were actually buying bonds. The minute they start will likely be the top

knukles's picture

Why is right.
To quote Ms Hillary, "What the fuck difference does it make, asshole?  I'll tell you what difference it makes!"
Another QE is not going to do a damned thin to the real world.  Psychological and churn, sure, but it's all Kabuki Theater

666's picture

Lower earnings? Why, that'll cause the stock market to go even higher!

motorollin's picture

Europe needs some QE love too! Free fiat for the market!

Spitzer's picture

They aren't that stupid over in Euro land.

You have to have a real recession before you can have a real recovery


Has more gold then US

Bigger trading parter with China then the US

More people use the Euro then the $

Best hooker on Hastings, the Euro, not the $

Oldwood's picture

The ONLY place to make a buck is in the casino. A real job (if you can find one) don't pay shit. We are progressing nicely toward the Venezuela model.

prains's picture

I've been to Detroit and didn't see one Venezuelan model there, at least they didn't look Venezuelan or like models

fonzannoon's picture

The brilliance of this whole thing is that collapsing growth will continue to send gloabal markets to the moon. It's actual growth that would destroy the illusion.

Its_the_economy_stupid's picture

precisely. Should this economy actually grow, we would have a disaster in the markets.

plan accordingly.

Mr. Magoo's picture

Bullish, in a Bizzaro world

Smegley Wanxalot's picture

Will spring never arive?

Rainman's picture

Just wait til they can't get no more Gazprom ..... it'll get even moar bullisher.

HardlyZero's picture

Heh,,,It will be an "instant efficiency".  They will run their factories and heat their homes with zero energy (those caught in the middle with only GazProm source).  As a backup they will ramp up their (hot) air windmills, and geothermal eruptions.   Wishium might run it for a few months.   50/50 it will be a cold and expensive winter in Europe.

short screwed's picture

You mean the FED can't just print nat gas?

highwaytoserfdom's picture

Hey Ketchup Boy  that is what  Putin's Sochi ski jump looked like.. Show the graph to Nutland Mcbraindead, Kagan, Kristol CFR Clintons and the other Neo-con POS missed the show..     Amazing what these cluster F#cks  regime changers can do with 5b..Project for new American century  should be placed in orange jump suits and hand picking up uranium in Iraq..       



kchrisc's picture

You found them. I would bet that they were at 1600 PA Ave. the whole time.

AdvancingTime's picture

These clowns are specialist in kicking the can down the road. At some point as things get rough across the globe expect eyes return to Europe, where they continue to talk. I have not written much about the Euro-zone economy or banking system as of late because nothing is really happening.

The Euro-zone is engaged in a talkathon, with fear of an immediate collapse off the table the members of the Euro-zone much like their political counterparts in America just talk about solutions without any action. Below is an article updating what is not happening in Europe.

q99x2's picture

They need to print more and make the stock markets go higher. It'll trickle down. We'll have green shoots a "V" recovery and 7 1/2 more years of growth before the Maunder Minimum (the weather) puts a freeze on things.

knukles's picture

Thx q99x2
Few people comprehend the solar influence and electric universe theories ...

They seem to think Einstein's relativity is a theorem

michigan independant's picture

Put secrets of Cold War Technology by Jerry Vasillatos on your reading list. Einestein was brilliant since half of his work is still correct today.

Two red lasers, side by side, distant from each other, again are utilized. Each individual beam is received by its own individual target. Here the measurements are made. One laser is stationary, the other laser is moving towards its target at 50 percent luminal velocity, c. It is of course found that the beam sent by the stationary laser arrives at its target with a lag in time (hysteresis) that co-responds to the delay involved in luminal propagation thru the span between the laser and its target. The moving laser beam also arrives at its target with a lag in time, but not that of 150 percent luminal velocity as given by the superposition of velocities. It arrives with the same delay as that due to luminal velocity thru the span between the laser and its target. Hence the law of superposition is now not applicable to luminal velocity, no matter what the velocity of the moving laser, the velocity of the beam is always c. This situation provides the cornerstone upon which lay the Einstein concept of Relativity. It is however that Einstein may have left out a few details. The stationary laser puts a red spot on its target. It is a red laser, just like the moving laser. They are both red, big deal. But wait Mr. Wizard, Look! Look! The spot on the moving lasers target is GREEN! Now the Lawyer is a Priest! Anyways, From the standpoint of the electrical engineer Einstein’s Relativity is “Bravo-Sierra”! However, it has sunk its roots into the basic consideration of Inductance and Capacitance. L and C represent co-efficients of aetheric processes, and as such represent the aether, not Relativity. Albert Einstein stands in the way of Michael Faraday, and Pharisees are now Physicists.


Its_the_economy_stupid's picture

um,....excuse me,.... i thought QE was not constitutional in the the European Federated States, er,....Union,

monad's picture

I am poured out like water,
and all my bones are out of joint;
my heart is like wax;
it is melted within my breast;
my strength is dried up like a potsherd,
and my tongue sticks to my jaws;
you lay me in the dust of death.

For dogs encompass me;
a company of evildoers encircles me;
they have pierced my hands and feet-
I can count all my bones-
they stare and gloat over me;
they divide my garments among them,
and for my clothing they cast lots.

dow2000's picture

You know what I love about the current paradigm these politicians are in? In the past if you were corrupt you could take your winnings and run to another country, but now with globalization implemented by the corrupt, where ya gonna run to fuckers when the whole thimg collapses everywhere at the same time. There will be blood, I cant fucking wait.

Hang em high!