We are the home of the LEADING investment forecaster in the world. This claim is backed by a $100,000 guarantee. Have you ever heard of anyone back their claim with $100,000? So, who is the leading expert on the economic collapse? MIKE STATHIS, Author of America's Financial Apocalypse (2006) and Cashing in on the Real Estate Bubble (2007). as well as the Wall Street Investment Bible (2008). Those who followed the advice in these books made a fortune. We are #1 in Market Forecasting Mike advised investors to get out of the market before the collapse. In fact, he predicted the Dow would collapse to 6500 in his 2006 book. On March 9, 2009 Stathis recommended buying into the stock market. That would end up being the EXACT bottom. NO ONE else in the world made that call. Since March 2009, Stathis has kept his research clients in the US stock market. Mike has also nailed every market sell off since the financial crisis. Mike Stathis and AVA Investment Analytics... #1 in Distressed Securities Analysis #1 in Currency & Commodities Forecasting, #1 in Macroeconomic Analysis, #1 in Precious Metals Forecasting Yet, Stathis continues to be banned by the media...Why? Because the media intentionally airs jug heads and charlatans since they have been bought off by Wall Street. The "experts" in the media have terrible track records. By airing clowns and extremists, Main Street will be misguided. This will make it much easier for Wall Street to take your money. So if you pay attention to the media, you are going to get screwed. FACT: if you do not have our research, you are behind the curve.
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Global Economic Analysis: France
Friday, October 21, 2011, by Stathis

As the sovereign debt crisis continues to worsen due in large part to incompetent leadership, more attention is being given to France.

Similar to the case seen in the U.S., the decline in domestic demand in France accounted for most losses in output during the 2008 financial crisis.
In contrast, the decline in net exports accounted for the bulk of output losses in Germany. Thus, the crisis-related damage was entirely demand-driven for Germany.
Moreover, while France suffered a more moderate decline in output during the trough of the crisis, its recovery has also been more tepid. Indeed, while both output in Germany and the U.S. had surpassed their pre-crisis levels by 2011 Q1, France still had not by then fully recuperated its output losses associated with the crisis and the recession. The fact that France experienced larger domestic output losses due to the crisis for a more prolonged raises the possibility of more lasting damage to the economy.
It is widely accepted that the finance, insurance, and real estate sectors tend to suffer most losses during a supply-driven shock. Unlike some other countries with severe permanent losses in certain sectors, no sector in the French economy has suffered such a loss by the global recession.
Like Germany, the finance, insurance and real estate sectors in France suffered relatively little destruction during the financial crisis. These sectors have already attained the pre-crisis output levels by end-2010, although they have recently declined in the face of the EU crisis.
In contrast, the U.S. experienced a maximum decline in these sectors of almost 8% during the crisis and has not yet recovered from these losses. 
During the financial crisis of 2008 and thereafter, consumer and business credit showed a nice uptick in France and Germany, unlike the case seen in the U.S.
In past issues of this publication, I have discussed pension reform (see “Pension Risk Parts 1-3” from the Intelligent Investor) in the U.S. and Europe. While many of the reforms have been passed in Europe, discussions are ongoing.
One of the primary goals of pension reform in Europe (aside from lowering expenditures) was to boost labor force participation through the elimination or expiration of incentives that encourage early retirement, along with other features that have reduced Europe’s labor force participation over the years. I detailed Europe’s trend of chronically low labor force participation in a previous analysis (see “Europe’s Deflationary Future” from the Intelligent Investor). 
The remainder of this report, as well as an overview of the global economy, with detailed analysis of Japan, Italy and the U.S is contained in the October Global Economic Analysis report. This report is 60 pages and can be purchased here.
You can also receive this report by subscribing to the Intelligent Investor.



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