The leaders of France and Germany were to meet Thursday to discuss the euro crisis, as reports underlined how the crisis is increasingly dragging on the German economy, the locomotive of Europe.
... Surveys of euro zone business sentiment released Thursday reinforced expectations that the euro zone is already in recession, as Germany is less and less able to prop up the rest of the region. Business people remain gloomy in part because new orders have declined, according to a survey of purchasing managers by Markit, a research company.EUROPE IS IN RECESSION. CHINA AND THE USA ARE HEADED INTO ONE - AND CHINA'S MIGHT BE WORSE THAN EVER.
SOME STOCK MARKETS ARE DOING WELL ON THE BAD NEWS - AS SOME INVESTORS FEEL THIS MEANS ANOTHER ROUND OF "QUANTITATIVE EASING" IS DUE - FROM CHINA AND THE USA AND EUROPE.
THIS WOULD BE AWFUL: PRINTING MONEY ONLY KICKS THE CAN DOWN THE ROAD AND MAKES INFLATION MORE LIKELY, TOO.
THE REAL SOLUTION IS CHEAPER ENERGY AND LESS REGULATIONS AND LOWER TAXES - GLOBALLY.