Markets

Europe’s 50 Year Nightmare

BNP Paribas is out with a note about Eurozone titled “The Great Deterioration,” which is a name we think that might really stick. We’ve been talking a lot about how bad things are in Europe lately. The economy is in the toilet, and political forces are pulling the various countries […]
Europe’s 50 Year Nightmare
Markets

The Worst Unemployment Chart In The World

We’ve said it before, and we’ll say it again. This chart of Eurozone unemployment is the worst in the world. It’s not that it’s getting worse (it’s not) it’s that in the midst of what should be a “recovery” for the Eurozone, it’s just going nowhere. Once again, according to […]
The Worst Unemployment Chart In The World
Markets

Europe’s New Problem Is On Full Display

For a long time, the economic crisis in the Eurozone revolved around the risk of a breakup. Would a country leave and redenominate into their old currency? This fear caused investment to dry up and peripheral countries, and borrowing costs for governments in Rome, Athens, Lisbon, and Madrid soared. At […]
Europe’s New Problem Is On Full Display
Markets

The Eurozone Economy Continues To Recover, But It’s Weak And Uneven

Overall, the eurozone economic story is a positive one. The eurozone’s flash composite PMI climbed to a three-month high of 52.1 in December from 51.7 in November. Any number above 50 signals growth. The manufacturing PMI and manufacturing PMI output indices both climbed to 31-month highs. Here’s Markit’s Chris Williamson: […]
The Eurozone Economy Continues To Recover, But It’s Weak And Uneven
Markets

Here Are The Latest Staggering Numbers On Youth Unemployment In Europe

New European unemployment data is out today. The headline unemployment rate came in at 12.1% vs 21.2% expected. As usual, the numbers on youth unemployment are totally staggering. Total Eurozone youth unemployment is 24.4%. In Italy it’s 41.2%. In Spain it’s 57.4%. In Portugal it’s 36.5%. And so on and […]
Here Are The Latest Staggering Numbers On Youth Unemployment In Europe
Markets

Euro Zone Growth Unexpectedly Slows

The euro zone’s Flash Composite Output Indexfell to 51.5 in November from 51.9 in October. This signals a deceleration in growth. Economists were expecting a reading of 52.0. The services index fell to a three-month low of 50.9 and the manufacturing PMI output index fell to a two-month low of […]
Euro Zone Growth Unexpectedly Slows
Markets

The Japanification Of Europe In Three Charts

This morning, new economic data revealed that core consumer price inflation unexpectedly fell to 0.8% year over year in October from 1.0% the month before, while eurozone unemployment unexpectedly rose to 12.2% in August and September. The data are causing a bit of chatter about the risk of European Japanification […]
The Japanification Of Europe In Three Charts
Markets

Europe’s Still Growing

According to the Flash, or preliminary, readings of the purchasing managers indexes (PMI), Europe is growing, albeit at a decelerating pace. France’s composite PMI slipped to 50.1 in October from 50.5 in September. From Markit senior economist Jack Kennedy: “The French private sector economy delivered a flat performance at the […]
Europe’s Still Growing
Markets

Eurozone Unemployment: 12.0%

Eurozone unemployment for August is out, and it’s 12.0%. That’s flat compared to the previous month, although the previous month had been reported originally as 12.1%, meaning that July actually represented a sequential reduction in unemployment for the first time in a long time. Bottom line. It appears the Eurozone […]
Eurozone Unemployment: 12.0%
Markets

The News Out Of Europe Today Is A Headache For The ECB

Many market watchers these days warn that good news can be bad news, especially for central bankers who are trying to justify their stimulative loose monetary policies. Earlier today, the preliminary (Flash) PMI reports across Europe continued to confirm that the eurozone economic recovery is real. “As they stand, PMI […]
The News Out Of Europe Today Is A Headache For The ECB
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