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Looking for evidence of rebalancing in Europe? Don’t look here: German 2012 trade surplus soars despite weak December reports Germany’s trade surplus was the second highest in more than 60 years in 2012, pointing to an underlying resilience in Europe’s largest economy, although both imports and exports disappointed in the last month of the year
Please consider a repost of Quinn’s Illinois: regulations and cronyism crush entrepreneurship by Ben VanMetre. In Gov. Pat Quinn’s State of the State address , he said, “In our Illinois, small business means big business
Spain’s seasonally adjusted unemployment rate is 26.6% according to Eurostat data as mapped by Google. The BBC reports Youth unemployment is a record 55% . Deficit Targets Missed Again and Again Spain was supposed to reduce its deficit to 6.3% by the end of 2012.
Visit link: Germany Rebounds but … France Economic Implosion Accelerates; Record Decrease in Service Employment in Italy
Rajoy Further Implicated in Scandal; Support Drops to 23.9% in Record Plunge Posted by Michael Shedlock at 8:24 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)
Read More: 500,000 People Sign Petition Asking Prime Minister Rajoy to Resign
Excerpt from: Last Hurrah for Jobs? Establishment Survey +157,000 Jobs; Household Survey +17,000 Jobs; Unemployment Rate +.1 to 7.9%; Unemployment…
Excerpt from: Ten Reasons for Declining GDP Growth Over Time; Analysis of Various GDP Deflators
"Shocking" Contraction The GDP report was a shocker, coming in at an annual rate of negative 0.1%.