Wednesday, February 24, 2010

10 Reasons for Dropping Consumer Confidence

Spengler/Goldman lays out 10.

10) There is no recovery at all in Europe. European growth ground to a halt during the fourth quarter and German busines confidence unexpectedly fell in February.

9) China won’t collapse, but government efforts to stop overheatingby raising reserve requirements make clear that the world’s second-largest economy can’t be the locomotive for world growth.

8. Greece and its prospective rescuers in the European Community are at loggerheads over conditions for EC help

...then there's the massive switch in Bank assets from commercial loans to Treasuries, and a few more not-very-goodies.

No comments: