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Message: May sell out ! or not ?

It's not about confusing people it's about reporting different views and information in order for people to have a better view on a very complex and multi-layer reality .

Our opinion must be reexamine constantly in order to have a better apreciation of the events affecting us and especialy here with our investments .

I don't mean to confuse people i assume most can make up their minds and there's no assurance that information is always accurate , but different angles can help us get a better picture of reality.

I strongly believe consensus often blurs our judgement in fear of straying away from others beliefs . Nonetheless i stated here that i believe we'll see the market grow over the next couple of months and that's purely my opinion base on my understanding and intuitionof global events .It has little weight but i feel i participate to the mutual reflection and understanding goin' on here on this hub more then any others , and i'm ready to adjust my thinking as time will go depending on events 'cause the purpose is to adjust my investments in order to profit from the situation out of necessity .

I hope this will also help you see clearer considering your particular conditions.

So here's another view on the world's economy from European Central Bank president's Trichet .

Tectol

OECD sees signs of ‘green shoots’

By Daniel Pimlott, Economics Reporter, and Ralph Atkins in Frankfurt

Published: May 11 2009 14:35 | Last updated: May 11 2009 15:03

Further signs of early recovery in the global economy emerged on Monday after the Organisation for Economic Co-operation and Development said recessions in the UK, France and Italy were nearly over.

There are "tentative signs of… a pause in the economic slowdown" in the three leading European countries as well as China, the Paris-based international organisation said as it published forward looking data on major economies for March.

EDITOR’S CHOICEEditorial Comment: World discovers it is still breathing

- May-08



Figures raise hopes German economy is out of 'freefall'

- May-09



Global Insight: Chinese tap an inner dynamic to drive growth

- May-11



Martin Wolf: Tackling Britain’s fiscal debacle

- May-07



Jean-Claude Trichet, European Central Bank president, struck a cautiously upbeat tone after chairing a meeting of central bankers in Basel, Switzerland. The global economy was at an "inflection" or turning point, he said, with some countries "being beyond the inflection point".

Mr Trichet had previously been wary about spotting "green shoots" in the world economy, almost certainly because of the fears that such hopes would subsequently be frustrated.

The OECD’s index of leading indicators suggests that China, the UK, France and Italy are all in a "recovery" stage of the business cycle, where their score in the index is less than 100 but rising.

However Mr Trichet’s comments still suggested he saw a slower pace of decline in activity – rather than a clear return to growth. Last week, Mr Trichet had warned that in the 16-country eurozone "economic activity is likely to be very weak for the remainder of this year, before gradually recovering in the course of 2010".

Historical data from the OECD suggest that the recessions in the UK and France should be over by August and perhaps even sooner in Italy. In China, the upturn in the country’s economy – which has so far suffered a sharp slowdown in growth but no actual recession – may have already begun.

The data come after signs that economies around the world are beginning to fight off recession. US consumer spending has been surprisingly strong, while exports are picking up in China, and in the UK lending to home buyers and businesses has been improving and business activity shows signs of bottoming out.

Meanwhile, measures of credit stress show signs of easing globally and stock markets have picked up sharply from their lows earlier this year.

However there is great uncertainty over the lag between the OECD’s leading indicators returning to growth, while many economists expect the global recession to be unusually protracted because of its roots in a financial crisis.

Other advanced economies, such as the US, Japan and Germany, as well as large developing countries such as Brazil, Russia and India, remain in "strong slowdown" according to the OECD, although the data show that the deterioration is easing.

Russia and Germany have been the worst hit among the the world’s leading economies, while France and Italy have escaped with less damage, the data suggest.

However, other data published on Monday on industrial production in France and Italy underlined the still strong pace of the recession.

Italian and French industrial production excluding construction fell by 4.6 per cent and 1.4 per cent, respectively, in March compared with the month before, suggesting that factory production in the eurozone as a whole was weaker than economists had expected.

Copyright The Financial Times Limited 2009

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