Tuesday, August 30, 2011

UH-OH: EURO-ZONE ECONOMIES WEAKEN... ER, UM ...UNEXPECTEDLY

Euro zone economic sentiment fell more than expected in August, underlining prospects for slower economic growth and expectations that the European Central Bank may cut inflation forecasts and cease raising interest rates.

Reuters



A monthly European Commission survey showed economic sentiment in the 17 countries using the euro, a good indication of future economic activity, fell to 98.3 in August from a revised 103 in July with optimism declining in all sectors.



Economists polled by Reuters had expected a fall to 100.5.



"The decline in sentiment clearly indicates that the euro zone economy has lost a lot of momentum. As a result, growth will probably remain very sluggish in the second half of the year, while the risks are tilted to the downside," said Aline Schuiling, economist at ABN AMRO Bank.
THE MARKETS HAVE HAD 6 UP DAYS IN A ROW - MORE OR LESS.



THIS IS TO GET THE SUCKERS BACK INTO THE MARKET.



A BIG CORRECTION IS COMING.

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