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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (9898)	8/6/2008 6:04:07 AM
From: RockyBalboa	Respond to of 71456

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To: RockyBalboa who wrote (9898)	8/6/2008 6:10:49 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 71456

More gloom, worse than it is "expected". The Eur gets doggish. GERMANY: FACTORY ORDERS FALL -2.9% (+0.4%) in Jun; -6.1% (-4.7%) Y/Y Europe is heading into a recession. DATA SNAP: German Jun Mfg Orders Adj -2.9% MM:Unadj -6.1% YY Wed, Aug 6 2008, 10:00 GMT djnewswires.com DATA SNAP: German Jun Mfg Orders Adj -2.9% MM:Unadj -6.1% YY By Niels C. Sorrells Of DOW JONES NEWSWIRES BERLIN (Dow Jones)--German manufacturing orders fell for the seventh consecutive month, defying forecasts of a rise as foreign orders dropped dramatically, the German Ministry of Economics said Wednesday. The data release showed a seasonally adjusted fall of 2.9% on the month in June in manufacturing orders, compared with a forecast for a rise of 0.5%. The order decline was largely due to sagging foreign demand, which dropped 5.1% on the month, the ministry said. Meanwhile, domestic demand fell 0.6% on the month. "Foreign demand is slowing to a greater extent than domestic demand, which is also headed lower," stated the ministry. "The outlook for industrial production has thus gotten worse, in general." On the year, orders fell an unadjusted 6.1% in June, following a downwardly revised 2.5% decline in May. Economists had forecast a drop of 4.6%. Seasonally adjusted growth on the month in May was also revised downward to a 1.4% fall, from last month's reported drop of 0.9%. The news comes as the German government contemplates a faltering economy. Officials have already said they expect second-quarter gross domestic product to contract after the blistering pace of growth in the first quarter. Additionally, leading economists have started to raise the specter of a recession in 2008 or 2009. Web site: www.bmwi.de -By Niels C. Sorrells, Dow Jones Newswires; +49-30-2888-4128; niels.sorrells@dowjones.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: djnewsplus.com. You can use this link on the day this article is published and the following day. (END) Dow Jones Newswires August 06, 2008 06:00 ET (10:00 GMT) Copyright 2008 Dow Jones & Company, Inc.