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French Economy Implodes

Denis3957 Wrote: Oct 04, 2012 8:08 PM
Red States receive more in benefits from the federal government than the Blue states! Does this mean we can get rid of farm subsidies and oil and gas subsidies?

As expected, at least in this corner, the French economy has started to implode. Service sector business activity is dropping at fastest rate since October 2011.

More importantly, the Markit Composite PMI sports the steepest rate of contraction since March 2009 with job losses accelerating at the fastest pace in 33 months and output plunging at the fastest rate in 42 months.

Key points:

Final Markit France Services Activity Index at 45.0 (49.2 in August), 11-month low.
Final Markit...

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