Friday, November 04, 2011

Here's An Idea Nobody Has Tried Yet

How about austerity?

Europe’s services and manufacturing output indicator fell the most in three years in October, adding to recession signs as government leaders struggle to contain the region’s worsening fiscal crisis.

The good news is that there's bad news for Germany. Maybe helping to destroy the economies of their trading partners isn't such a good idea.
Domestic factory orders fell 3 percent in September and export orders dropped 5.4 percent, led by a 12.1 percent plunge in demand from other euro-area countries, today’s report showed. Orders for investment goods declined 4.6 percent, while consumer goods orders rose 2.3 percent.