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Monday, September 24, 2012

German business mood worst since mid-2009 | Reuters

EDITOR's NOTE: In 2012 it seems that a lot of comparisons are being made to 2009, which was the low point of the current GFC (Great Financial Crisis). I believe 2013 will be the GREATER FINANCIAL CRISIS, and by 2014 it will be impossible to deny that the world will have entered THE GREATER DEPRESSION, far greater than the Great Depression of the 1930's.

(Reuters) - German business sentiment dropped for a fifth straight month in September, raising fears of recession as companies struggled with what they said was the worst economic outlook since mid-2009.
Germany's relative resilience to the euro zone debt crisis has been steadily fraying as its firms see falling demand for their products from European partners and signs of a slowdown in other markets.
The European Central Bank's plan for potentially unlimited government bond-buying has raised hopes on financial markets of an end to the most acute phase of the crisis, but that optimism has not spread to company boardrooms.
The Munich-based Ifo institute's monthly sentiment index reached its lowest since early 2010 and Ifo economist Klaus Wohlrabe told Reuters the outlook was the worst since May 2009.

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