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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (112802)	4/24/2012 10:19:51 PM
From: RetiredNow	Read Replies (2) \| Respond to of 149317

Ted, Germany is not growing. It's manufacturing PMI is in terrible shape and indicates contraction....So much for the Eurozone's engine of growth. The US is not going to escape the recession in Europe and the slowdown in China's growth. This is going to knock us from low growth into recession. I have bet it would happen in the first half of 2012. I still think that is a distinct possibility. And the overall, probability of a contraction in GDP in 2012 has skyrocketed. reuters.com German manufacturing shrinks at fastest pace since 2009: PMI By Alice Baghdjian BERLIN \| Mon Apr 23, 2012 5:50am EDT (Reuters) - Germany's manufacturing sector unexpectedly shrank at the fastest pace in nearly three years in April, denting hopes it can drive growth in the euro zone and casting a shadow over upbeat business sentiment surveys. Markit's manufacturing Purchasing Mangers Index (PMI) fell sharply to 46.3 from March's 48.4, according to a flash estimate released on Monday, well below the 50 mark which would sign al growth in activity. It marked the fastest rate of contraction since July 2009 in the sector, which has been hit by a decline in some exports as the debt crisis in the euro zone has choked demand from key trading partners.