Good summary, find fundamentals important.
Checked briefly through the industrial numbers, on first pass, Output numbers are aprox correct, even though Eich and Rourke dont include China graphic. However, interested in how they weighted the countries, just GDP weights of industrial production (get close to their numbers), or did they take into account that Ind. Prod. has higher weighting in developing countries (get lower number drop). Euro27 has over 4 times China GDP, and production percentage dropped almost by 3 times more.
They're also not too concerned with how Ind. Output dropped, although both were largely due to overpriced goods leading to artificially inflated demand. In this case it was obviously US homeprices as shown in the last of Radges reference, with its big lead into the mess. They're assuming the trigger has done its job, and its now the industrial output effects with its feedback loops that's a large factor.
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Good summary, find fundamentals important.Checked briefly...
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