Deflation Continues

Euro zone contracted by massive 2.5 pct in Q1

If you click the link and read the story, you'll notice they never give the annualized figure. The Euro-zone contracted at a 10 percent annualized rate!

Foreign Direct Investment in China Tumbles on Crisis

Investment dropped 22.5 percent to $5.89 billion in April, the commerce ministry said at a briefing in Beijing today. That compares with a 9.5 percent decline in March. For the first four months of this year, spending fell 21 percent to $27.67 billion.

China recorded a 40.6 percent drop in new registrations by foreign companies in the first quarter from a year earlier, the State Administration for Industry and Commerce said in a report released this week.

Wholesale Prices Post Largest 12-Month Decline Since 1950