Note: I am still off on vacation so the posting schedule is light for this week. Next week will be back to a medium load.
I do have a lot of links though and here they are. The big issue is the economic slowing in the US and Europe.
These articles demonstrate that the global slowdown is spreading beyond the eurozone periphery and is well entrenched in the US and Western Europe.
BBC News - Germany's exports decline in June on eurozone woes
"Exports in June totalled 92.3bn euros ($114bn; £73bn), 1.5% lower than May, said the Federal Statistics Office.
At the same time, Germany's imports dropped 3% to 76.1bn euros, resulting in a trade surplus of 16.2bn euros."
France headed for recession: central bank | Reuters
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.