German factory orders dropped the most in almost three years in November as the euro region economy edged toward a recession and global demand weakened.Germans get that they fucked up investing in socialism on the periphery. They are willing to accept their share of the losses. It is the idiots like Bulesqui of Italy who continued the delusion that Germans would fund pensions in full.
Orders (GRIORTMM), adjusted for seasonal swings and inflation, slipped 4.8 percent from October, when they surged a revised 5 percent, the Economy Ministry in Berlin said in a statement today. That’s the biggest drop since January 2009. Economists forecast a decline of 1.8 percent, according to the median of 25 estimates in a Bloomberg News survey (GRIORTMM).
Friday, January 6, 2012
Germans willing to share the losses incurred by deranged politicians
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