In response to:

Nobody Can't See Nothin'

shroomfind Wrote: Feb 28, 2013 12:29 AM
Great column, nicely done at the end. I am reminded of The Neverending Story and "The Nothing". Only this time it is the Nuthin that nobody saw that's coming.... and it IS coming.

As expected (in this corner but certainly not from economic cheerleaders masquerading as economists), eurozone retail sales are plunging across the board, even in Germany. Let's take a look at a few key reports.

France

The Markit France Retail PMI shows sharpest drop in sales for six months.

Key Points:

  • Sales down markedly on both monthly and annual measures
  • Targets missed to greatest extent in series history
  • Purchasing activity falls at sharpest rate since July...