Thursday, May 14, 2009

Green Shoots or False Hope?


FINANCIAL TIMES -- Jean-Claude Trichet signalled on Monday that the global downturn had bottomed out with some large economies already able to put the recession behind them and look forward to renewed growth.

The European Central Bank president’s comments on Monday in Basel, Switzerland, had added weight because he was speaking on behalf of the world’s leading central bankers, not just for the eurozone.

Chart above (click to enlarge) shows OECD Composite Leading Indicators for China, France, UK and US.

3 Comments:

At 5/14/2009 5:46 PM, Blogger Dave Narby said...

I think I hear a weedwhacker called CRE implosion, ARM resets, Credit Card defaults and Rising Unemployment spooling up.

And actually, I think it's a squadron of C-130's fitted with crop dusting equipment loaded to the gills with a Sodium chlorate-atrazine-2,4-Dichlorophenoxyacetic acid milkshake...

 
At 5/14/2009 7:28 PM, Anonymous Anonymous said...

He's just whistling past the graveyard.....

 
At 5/15/2009 1:18 PM, Blogger Size said...

Those green shoots you see is just glowing green toxic slime zooming toward you as it's shot out of the Fed's many "tools".

 

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