Eurozone GDP sunk .2% in the second quarter and is clearly back in recession as a whole. For that matter, the eurozone has been in recession all year if not starting in the final quarter of 2011. Thus I am amused by headlines such as this one from the Financial Times: Eurozone edges back towards recession

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Mike Shedlock

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.

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4 Comments So Far
LoachDriver Wrote: Aug 15, 2012 9:27 PM
Mattew Lynn on "The Wall Street Journal's" "Market Watch" blog makes a perceptive observation: that "the Euro is an already dead currency,"

He explains why it is already dead.
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Corbett_ Wrote: Aug 15, 2012 1:09 PM
We are in a world-wide depression. The only reason it is not reported as such is that a Democrat is in office.
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Greg1084 Wrote: Aug 15, 2012 6:14 AM
I feel sorry for the conservatives in Europe. The rest can go to Greece.
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Blair31 Wrote: Aug 15, 2012 10:37 AM
What "conservatives" in Europe? The "conservatives" in Europe are to the left of the Democrats in this country. There are no "conservatives" in Europe.
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