by Graham Summers
A quick question for the “recovery” enthusiasts…
If the recovery is real and as strong as the “data” suggests… why are Central Banks engaged in the most aggressive stimulus in history?
According to the official data, the EU’s Services and Manufacturing PMI’s were 53.1 and 51.8 in August. Both were significantly above 50 (which represents contraction)…
Moreover, the EU’s inflation rate has risen over 0.4% in four months, rising from -0.2% in April to 0.2% today.