The weather this and that for recent root cause of economic slow-down
-Geaux
Global Economy Collapses Despite 4th "Warmest" January On Record
Submitted by Tyler Durden on 02/23/2014 20:17 -0500
The last 3 weeks have seen the macro fundamentals of the G-10 major economies collapse at the fastest pace in almost 4 years and almost the biggest slump since Lehman. Despite a plethora of data showing that 'weather' is not to blame, US strategists, 'economists', and asset-gatherers are sticking to the meme that this is all because of the cold on the east coast of the US (and that means wondrous pent-up demand to come). However, as the New York Times reports, for the earth, it was the 4th warmest January on record.
Read the rest here: Global Economy Collapses Despite 4th "Warmest" January On Record | Zero Hedge
-Geaux
Global Economy Collapses Despite 4th "Warmest" January On Record
Submitted by Tyler Durden on 02/23/2014 20:17 -0500
The last 3 weeks have seen the macro fundamentals of the G-10 major economies collapse at the fastest pace in almost 4 years and almost the biggest slump since Lehman. Despite a plethora of data showing that 'weather' is not to blame, US strategists, 'economists', and asset-gatherers are sticking to the meme that this is all because of the cold on the east coast of the US (and that means wondrous pent-up demand to come). However, as the New York Times reports, for the earth, it was the 4th warmest January on record.
Read the rest here: Global Economy Collapses Despite 4th "Warmest" January On Record | Zero Hedge