[Charts have the ability to clearly illustrate various situations and no 2 could be more so than the following charts] on the incredible divergence in the U.S. economy and the European economy as it related to the extent of unemployment and industrial production in each region. Take a look. It’s truly amazing – truly tragic.
The above introductory comments are paraphrased excerpts from a post* by Cullen Roche (pragcap.com) entitled Europe vs USA: the Unemployment Divergence.
The post is as follows:
via Calculated Risk
Industrial Production Comparison
Inflation[In addition, as conveyed in an article** from e.businessinsider.com entitled This Is The Chart That’s Been Keeping Mario Draghi Up At Night] inflation expectations in Europe have fallen off a cliff…
- In July, prices in the Eurozone climbed just 0.4% year-over-year, the slimmest increase since October 2009…[and] this has European Central Bank President Mario Draghi facing the one thing that keeps all central bankers up at night – deflation.
- Currently, expectations of Eurozone inflation are at their lowest levels since the depths of the financial crisis in 2009.
This chart, which comes to us from Frederik Ducrozet at Credit Agricole, is Draghi’s nightmare.
Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.
*http://pragcap.com/europe-vs-usa-the-unemployment-divergence (Copyright © 2014 All Rights Reserved ) **http://e.businessinsider.com/public/2984967
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