Eurozone
monthly sales trend TEN times worse than expected
The
Eurozone’s April retail sales were down a full 1% compared to the
March figure. The ‘expected’ fall was -0.1%. Year-on-year, the
number predicted was -1%. The actual figure has come in at -2.5%.
Aggressive
reality cancer hits Europe
5 June, 2012
These
figures are open to just the one interpretation. Think about this:
1.
Expectations of a one per cent fall between 2012 and 2011 show the
half-asleep eurocrats again hoping that (a) annualised declines would
be 2.5 times slower than they really were; and (b) that the latest
deceleration would be ten times slower than it was.
2.
Far from decelerating, the rate of decline is in reality increasing
dramatically: that rate of acceleration is now seen to be fourfold in
twelve months.
Just
averaging that out versus 2011/2010, it means all the projections for
2013-15 are complete nonsense. The train is heading for the cliff,
the brakes are shot, and the driver jumped out some miles back.
Every
Troika analyst, central banker an Exchequer boss in the Western World
needs to think again. These figures are disastrous, and will start to
spook (and spike) every Sovereign bond market in Europe.
Yes,
it’s another triumph for Pristine Lowgrade & the Troikanauts.
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