Daily Commentary: On The Global Growth Slowdown

There was a lot of bad economic data outside of the United States today. Europe is awful. Ireland is back in recession as the global growth slowdown has hit exports there. They join Belgium, the Netherlands, Italy, Portugal and Greece in recession in the euro zone. Even Germany printed a sub-50 PMI number. Denmark, outside of euro land, has its own problems with the central bank now warning about sky high household debt levels there.

I continue to expect weak industrial production and export ...


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