Germany’s ZEW Investor Confidence Index fell from 8.6 in August to 6.9 in September.
France’s Prime Minister warned that if economic and financial conditions are not reversed “in three to six months, we’ll be ‘foutu’”, which is being translated as ruined or knackered.
China reported that foreign direct investment inflows in August fell to a 2.5 year low, down 14% from a year earlier.
In the U.S., the Fed is still not getting the bump in inflation it wants to provide a boost to the economy. The Producer Price Index, measuring inflation at the producer level, remained unchanged in August, at its lowest level since December. The core rate, which excludes food and energy, was up just 0.2%. The Fed wants inflation running at 2.0% or a bit above.
And global markets are down just about everywhere.
To read my weekend newspaper column click here: Last Stand Approaching for Gold
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Sy Harding publishes the financial website Street Smart Report Online and a free daily Internet blog at Sy’s Free Blog. In 1999 he authored Riding The Bear – How To Prosper In the Coming Bear Market. His latest book is Beat the Market the Easy Way! – Proven Seasonal Strategies Double Market’s Performance!
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