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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.09-0.1%Nov 6 4:00 PM EST
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To: bart13 who wrote (91733)6/24/2012 8:31:26 AM
From: elmatador2 Recommendations   of 217553
 
Look to what happened to Italy Industrial Production and the relative stability of GDP in Italy is thanks only to the relentless growth of the public sector:

As the chart below shows, up to 2000 Italy's industrial production and GDP grew roughly at the same rate. Then the Euro was invented, and Italian GDP growth has basically flat-lined. But the situation was far worse for the country's industrialists as these days IP is some -15% lower than 2000 levels:

ELMAT: Then financial crisis hit and Industrial production plummeted


This dichotomy reveals a very sad reality—that the relative stability of GDP in Italy is thanks only to the relentless growth of the public sector:
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marketoracle.co.uk
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