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Eurozone GDP Sinks .2%

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.

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

The eurozone edged closer towards its second recession in three years after a resilient economic performance from Germany and France...

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