Wednesday, December 19, 2012

Return of Europe recession is bad news for U.S. | Reduction

Return of Europe recession is bad news for U.S.

The Economics of Wall Street
The Economics of Wall Street by Tony Fischer Photography
License (according to Flickr): Attribution License
Excerpt:

(MoneyWatch) The eurozone's return to recession is particularly bad news because it is now hitting once strong economies like Germany. This means the recession will last longer and have a bigger impact on U.S. consumers and companies. Figures released today showed that collectively the economies of the 17-country eurozone contracted by 0. 1 percent between July and September. While this is a slight improvement over the second quarter of the year when it shrank by 0. 2 percent, the definition of a recession is two straight quarters of contraction. Most analysts believe that the recession will continue at least until the end of 2012. "The recession in southern Europe is slowly creeping to other countries," says Martin Van Vliet, an analyst with ING.

People:

Howard Archer

Overall Sentiment: 0.124675

Relevance: 0.277756

SentimentQuote
0.106956"Latest data and survey evidence remain generally weak, and the odds currently strongly favor the eurozone suffering further GDP contraction in the fourth quarter of 2012," he said. ...
-0.0464894"Latest data and survey evidence remain generally weak, and the odds currently strongly favor the eurozone suffering further GDP contraction in the fourth quarter of 2012," he said. "Significantly, Germany looks to be in severe danger of contracting in the fourth quarter, as does France."
Sentiment Stats:
  • Number of Quotes: 2
  • Aggregate Sentiment: 0.0604666
  • Mean: 0.0302333
  • Standard Deviation: 1.7320508075689

Martin Van Vliet

Overall Sentiment: -0.142535

Relevance: 0.263428

SentimentQuote
-0.116157"The recession in southern Europe is slowly creeping to other countries," says Martin Van Vliet, ...
0"The recession in southern Europe is slowly creeping to other countries," says Martin Van Vliet, an analyst with ING. "If you look at the indicators for the fourth quarter you see that even Germany many not grow again and that shows that the economy has an enormous need for a new impulse."
Sentiment Stats:
  • Number of Quotes: 2
  • Aggregate Sentiment: -0.116157
  • Mean: -0.0580785
  • Standard Deviation: 0

Key:

  • Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
  • The Mean is meant to be an indicator of an individual's average comment sentiment.
  • The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

Additional Info:

Country: Germany

Overall Sentiment: 0.0379525

Relevance: 0.770907

Country: U.S.

Overall Sentiment: 0.0370916

Relevance: 0.377524

Disambiguation: Location | Region | AdministrativeDivision | GovernmentalJurisdiction | FilmEditorReferences:

Country: France

Overall Sentiment: 0.0627285

Relevance: 0.325423

Disambiguation: Location | Region | AdministrativeDivision | GovernmentalJurisdiction | FilmDirectorReferences:

Continent: Europe

Overall Sentiment: 0

Relevance: 0.684173

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