The Conservative Cave

Current Events => Economics => Topic started by: Wretched Excess on August 14, 2008, 09:06:43 AM

Title: German, French economies contract
Post by: Wretched Excess on August 14, 2008, 09:06:43 AM
clearly, the economic policies of the bush administration, known by BHO as "the man that broke the
oceans", are superior to those of europe.  and those european economic policies are very much like
what The BarackStar!, to the extent that he has said anything specific, would institute.



Quote
German, French economies contract
First euro-zone contraction since currency was introduced

LONDON (MarketWatch) -- The German and French economies contracted during the second quarter, figures out Thursday showed, the latest evidence demonstrating how European activity has not been able to decouple from the U.S. slowdown.

In Germany, gross domestic product dropped 0.5% compared to the first quarter, the Federal Statistics Office said.
It marked the first drop in nearly four years. On a year-on-year basis, Germany's output expanded 1.7%.

Weaker consumption, capital investment and construction activity led to the quarterly decline, but the drop wasn't as steep as the 0.7% fall that economists had forecast.
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In France, data showed GDP fell 0.3% during the second quarter.
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Economists had expected a 0.2% quarterly rise.

More (http://www.marketwatch.com/news/story/german-french-economies-contract-second/story.aspx?guid=%7b85D76AEC-A8E0-4E92-8264-433FA816CE09%7d&print=true&dist=printMidSection)

Title: Re: German, French economies contract
Post by: Jim on August 14, 2008, 09:52:53 AM
why anyone would want to emulate Europe or Japan is beyond me.
Title: Re: German, French economies contract
Post by: Wretched Excess on August 14, 2008, 09:55:01 AM
why anyone would want to emulate Europe or Japan is beyond me.

get with the program, jim.  this is "change we can believe in'!!
Title: Re: German, French economies contract
Post by: Jim on August 14, 2008, 09:55:35 AM
why anyone would want to emulate Europe or Japan is beyond me.

get with the program, jim.  this is "change we can believe in'!!



yes, sir.  I keep forgetting.
Title: Re: German, French economies contract
Post by: Wretched Excess on August 14, 2008, 10:25:13 AM
why anyone would want to emulate Europe or Japan is beyond me.

get with the program, jim.  this is "change we can believe in'!!

yes, sir.  I keep forgetting.

 :rotf:  I hear ya.

I have heard that phrase until I am ready to puke.
Title: Re: German, French economies contract
Post by: DumbAss Tanker on August 14, 2008, 12:07:03 PM
why anyone would want to emulate Europe or Japan is beyond me.

get with the program, jim.  this is "change we can believe in'!!

I think of it as "Fairytales idiots do believe in."