http://www.
investmentcontrarians.
com/recession/eurozone-financial-crisis-spreading-toother-nations/986/
Eurozone Financial Crisis Spreading to Other
Nations
By Sasha Cekerevac for Investment Contrarians | Nov 12, 2012
While many investors in America are...
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http://www.
investmentcontrarians.
com/recession/eurozone-financial-crisis-spreading-toother-nations/986/
Eurozone Financial Crisis Spreading to Other
Nations
By Sasha Cekerevac for Investment Contrarians | Nov 12, 2012
While many investors in America are focusing on domestic issues, we have to remember
that we live in a global economy.
What happens to other nations can certainly hit our
shores.
While some people have been optimistic that the financial crisis within the
eurozone has turned the corner, new evidence points to the contrary.
The latest information from the eurozone shows just how weak the continent is and how
much damage the financial crisis has done to its economic union.
Germany’s industrial
production in September fell by 1.
8%, far worse than many economists have estimated.
There was also a decline of 2.
2% in intermediate goods and a 3.
5% loss in capital goods
in September on a monthly basis.
(Source: “German industry output drops in Sept,
manufacturing weighs,
Less
