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Archive of entries posted on 1st October 2012

I hate to be depressing. But the world’s economy is definitely slowing. And measures to attack the slowness are stupid.

Today’s “news” is awful: + Unemployment in the euro zone is at a record high — 11.4%. + China and Japan continue to have “economic troubles” which persist. + Euro zone manufacturing is still at contractionary levels. Italian, German and Greek PMI rose in September but were below 50, but French manufacturing fell to 42.7. […]