Confirmation Of European Recession Following "Miserable" Composite PMIs Means French Downgrade Coming

Tyler Durden's picture

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BandGap's picture

Cue the circus music, bring on the car stuffed with clowns.

qussl3's picture

Careful, else them eurocrats be angling to ban yea blogs for spouting "unnecessary" information.

Ghordius's picture

I presume you know you are taking stuff out of context, but do you know why many "yea blogs" server are not in the US and not in the EuroZone?

dbells32's picture

Only a matter of time until the US equity markets start waking up to the realization that European officials have done nothing but float rumors for 11 weeks and that the EMU is a trainwreck.

Ghordius's picture

opps, posted previously in the wrong place

my question was

So if a fairy would magically solve the Euro-Debt-Crisis the US equity markets would just go back to the "good ol'days"?

Sudden Debt's picture



they figured that one out from the start when they started useing: Europe & Plan in 1 sentence.

It's not like anybody really expected something from our politicians. Their jobs is to make us laugh and some of them did just that. so mission accomplished!



Ghordius's picture

so this is the reason all my Belgian friends are so glum

lack of government - only EuroComedy available...

perhaps in the EuroZone we should swap some comedians, from time to time...

slewie the pi-rat's picture

let's send them ann coulter & her fuk_u follies revue, BiCheZ!

maddogs's picture

EU leaders are announcing "progress" but there is little progress to be found. Banks have "volunteered" to 40% haircuts but EU leaders want 50% minimum. Is that progress?

swiss chick's picture

Agree but at the same time it takes the focus off the US

GeneMarchbanks's picture

EFSF gets paraded. Sarkozy gets degraded. France gets ?

slewie the pi-rat's picture


howzabout a reggae version of:

"i shot the sheriff,,,
...but i did not kill the
europeon bailout by downgrading france..."

nmewn's picture

"Mouth-gaping expectations" theres a productive activity, time to short flying insects.

Hobo's picture

I hear you, and good analysis, but ZH has been calling this market short for the last n months/years. I'll wait for a technical confirmation of all the poor fundamental news.

HD's picture

Your confirmation may be a sudden and unexpected 1000 drop in the Dow.  HFT has done nothing but repeatedly squeeze the shorts - there is no new money and no volume. The equity markets will realign with the reality of the credit markets and, well...KABOOM! S&P 950

Ghordius's picture

So if a fairy would magically solve the Euro-Debt-Crisis the US equity markets would just go back to the "good ol'days"?

GeneMarchbanks's picture

'So if a fairy would magically solve the Euro-Debt-Crisis the US equity markets would just go back to the "good ol'days"?'

I'd say we're in the good ol'days right now. After that DOW 12000 party and the subsequent CNBC ORGYFEST, we're likely to get a nice, new refreshing batch of QE. Then it all goes bubbly...

Ghordius's picture

bubbly yum!

so after QE, QE2, QE Lite, OpTwist, comes.... QE Champagne?

broke433's picture

Haha, that graph kind of looks like the price of silver :/

And isn't a recession 2 consecutive quarters of negative GDP? it would take two more quarters to confirm this.

daily bread's picture

That's like a doctor discussing a woman's possible pregnancy:  "well, you show all the signs, but we can't confirm you are pregnant until you deliver."

broke433's picture

Besides, it's window dressing time... New quarter and fund managers better catch up :/

TooBearish's picture

Its not a recession unless Merkozy says so and they have pre-empted by outlawing recessions...BTFD

silver4me's picture

Off Topic,

Why the U.S. really wanted Gadaffi out. RT explains his gold back currency plan for Africa

Sequitur's picture

Years past I would have dismissed this as nonsense. No longer. First, the so-called "rebels" in Libya started a central bank.  What kind of "freedom fighters" start an investment bank in the midst of rebellion? Second, the recent debacle concerning Iran's purported attempt to assasinate a Saudi diplomat -- lots of mainstream news outlets questioned the United States' "evidence" concerning the U.S. claim. 

maddogs's picture

To add, Iraq was believed to be heading towards exchange preferrered non-dollar for it's Oil Sales,, now Shell and Exxon can assure this will not happen.

mvsjcl's picture

From the article:


"The document from the Vatican's Justice and Peace department should please the "Occupy Wall Street" demonstrators and similar movements around the world who have protested against the economic downturn."


Seriously, a full-court press of stupidity and spin mongering. Yep, them OWSers keep calling for more NWO!

ThatThatcher's picture

But the market is buoyed on spurious talk of a 'silver bullet' cure in the Eurozone and better than expected Chinese PMI. Who will they export to? We all know domestic demand is still weak

broke433's picture

ES about to hit 200 ma soon, short that bitch when it hits 1270~

Ted K's picture




(Hey, does anyone know where the restrooms are in this square???)

disabledvet's picture

Chinese imports of nat gas up over 200 %? oil imports actually down? And yet oil soars in price while nat gas stays depressed. Go figure. Honda will role out the nat gas "Civic" nationwide next year. A French steel mill relocates to Ohio because the cost of energy is so cheap...and the use of steel is really high in Ohio for some reason. Oh, yeah: they make Hondas in Ohio...I forgot. How long before they make Pugeots? France might explode but the French will survive. Destroy France at your peril--no matter the euro or the EU...or the banks.

ivars's picture

This was a productive weekend!

I think I finally managed to match them! Of course, crash (mimicking recession in q1 2012 in the USA and probaly worldwide) is there for all to be seen:

Now I have a really superb forecasting /history study interest tool . Have a look at exercise behind matching GREAT DEPRESSION and GREAT RECESSION timelines for the first time ( once  I managed to patternalize ( ?) OUT FED's grip on USA stock market prices)  and, as usual, better visibility charts plus explanations here:

And here:

The supplement chart for rereading the history of GREAT DEPRESSION and rethinking the future as time line can be extended as well:

lolmao500's picture

And since the socialists are likely to win in France in April, nothing much will change.

What would be epic is if the FN were to win. They would cut all bailouts and tell the PIIGS to come and get it if they want to be eaten.

Dr. Nancy's picture


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