Economics

Powered by Blogger.

Bullets, Beans

BULLION

Monday, 13 February 2012

Greek death spiral accelerates


Another normal day at the Hellenic Statistical Authority.
We learn that:
-Greece's manufacturing output contracted by 15.5pc in December from a year earlier.

-Industrial output fell 11.3pc, compared to minus 7.8pc in November.

-Unemployment jumped to 20.9pc in November, up from 18.2pc a month earlier.

I have little further to add. This is what a death spiral looks like....more

No comments:

Post a comment

Alternative Media

Miscellaneous/New Blogs

A Refreshing note

If the RSS feeds have not 'refreshed' since your last visit scroll down to the post below the Bullion feed and click the post link. This should refresh the RSS feeds.

USD

GBP

Followers