Here is a Great Graphic from Thomson Reuters that captures relative performance of industrial production. There is a clear difference between the Germany and the US on one hand and every one else on the other. France and the appear stagnant, while Italy, Spain and Greece are contracting. The real challenge is what will be the source of aggregate demand when governments and consumers de-leverage.
Great Graphic: US and Europe Industrial Production
Reviewed by Marc Chandler
on
July 09, 2012
Rating:
Reviewed by Marc Chandler
on
July 09, 2012
Rating:
