Hooray! Euro zone economy is almost stagnant

 

 

 

 

 

 

You’re not obligated to win. You’re obligated to keep trying to do the best you can every day.
~Marian Wright Edelman

By Edward Hadas JULY 25, 2013

REUTERS: By Edward Hadas

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The pace of economic decline in the euro zone has slowed to a crawl. Or perhaps a statistical microscope would show that GDP is increasing. Then it’s time for some muted celebration.

Some killjoy might say the latest numbers do not even merit a glass of cheap wine. While the Markit Purchasing Managers’ Index was at its highest level in 18 months in July, the 50.4 reading was only a whisper above the line which separates GDP increase from decline. It suggests an annual growth rate of around 0.5 percent.

Or take the less-than-bad news from Spain. The Bank of Spain now thinks GDP declined only 0.1 percent in the second quarter. That’s better than the 0.8 percent drop two quarters earlier, but not high enough to cut into the country’s 27 percent unemployment rate.

The killjoy might also say that decline is yielding to nothing better than stagnation. Outside of Germany, economic momentum is too weak to create jobs – the count of French unemployed crept up by 0.5 percent in June; or to shrink government debts – up from 90.6 to 92.2 percent of GDP in the euro zone over the most recent quarter.

But even if the glass is three-quarters empty, there is still something to drink. Stagnation is just a nasty word for stability. Stability is better than decline. Shrinking GDP eventually leads to social and political crises. Stability is lasting – as the word suggests.

Besides, in the euro zone, stability may be just about as good as it gets. With a shrinking working-age population, flat GDP translates into a steady increase in average lifestyles. The euro zone is rich, so the potential for catch-up growth is limited. And the surplus of debt and deficit of government dynamism restrains job creation.

Even if the euro zone economy continues to strengthen, the numbers are not likely to rise above mournful, at least by the standards of 2004-2007, when average annual GDP growth was 2.5 percent. But those golden days won’t come round again anytime soon.

 

 

a little about me and my expertise – video

LAND SPECIALIST – LAND EXPERT – INVESTMENT BROKER – ARIZONA

https://www.youtube.com/watch?v=PPs3kpKR4nY

 

 

Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Investment Properties in Phoenix.

 

 

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Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial Investment Real Estate Broker in Arizona now for 15 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial and  Landspecialist in Phoenix and a Landspecialist in Arizona.

1.

WHETHER YOU LEASE OR OWN

NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.

 

In my opinion we are at bottom of the cycle in Commercial Real Estate in Phoenix, so there is only one way and it’s called we are going up again and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix.  The prices on deals I may get you will not be around forever.

 

2.

IF YOU OR ANYBODY YOU KNOW IS IN TROUBLE WITH YOUR BUSINESS, AS MANY AMERICANS ARE IN THE MOMENT, AND ARE ABOUT TO LOSE YOUR COMMERCIAL PROPERTY, PLEASE CONTACT ME.  IF YOUR BANK IS BEHAVING BADLY I MAY BE ABLE TO HELP YOU GET OUT OF SOME OR MAYBE A LOT OF FUTURE HEADACHES.

 

3.

WAITING TO SELL YOUR LAND ? TIMES CHANGE / IT’S TIME

  We barely could give land away the last few years, but times are changing.  Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist in Arizona with millions of dollars of transactions, but then I had to change and also sell other commercial investment properties, which was fun, but I am a Commercial Landspecialist in Arizonal, a Commercial Land Specialist in Phoenix and love to sell land, one acre to thousands of acres.

Since I was a Land Specialist in Arizona and a Land Speciaost in Phoenix many of my clients, Sellers and Buyers remember me and now they are calling me again, so this is the time to get back into land and none of my clients, including future clients, will miss out on getting their best deal.

Also, if you are up-side down on your land, like many Americans, and the lender is giving you a hard time, now is the time to put your land on the market. Lenders are making deals now with short sales.  I have been working with banks for many years – I learned how to work with them.

 

If you have any questions about the 1 to  3 above, about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona,  I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.

 

Please reply by e-mail walterunger@ccim.net or call me 520-975-5207 (cell)  602-778-5110 (office direct).

 

www.Walter-Unger.com

 

 

 

Thank You

Walter

 

Walter Unger CCIM

Associate Broker

Kasten Long Commercial

2821 E. Camelback Road, Suite 600

Phoenix, AZ 85016

Cell:      520-975-5207

Direct:   602-759-1202

Office :  602-445-4141

Fax:      602-445-4188

walterunger@ccim.net

 

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