These were released today.
And they LOOK AWFUL.
These are the purchasing managers reported optimism on deals being struck and goods sold.
Anything below 50 usually represents bo growth.
Gemrsny was about late 30s with France and the uk about mid late 40s.
Here comes the storm.
Do they ecb continue yo raise rates?do they pump money out?
Do they keep rates low?
Sometimes it's better to just face the oncoming storm bow first than outrun it.
This storm is quicker than the great ship EUS single currency
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"Those high interest rates are beginning to bite now.
Will the BoE dare another 25 points next month? Seems the recession tipping point is not too far away now."
They shouldn't. But I would think the ecb is in the worse position out of every major central bank. |
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