Originally Posted by
oliver2002
the EU crisis that was in the mindset the past two quarters is definitely over and western europe is going to do very well till atleast Q3.
It will be wonderful if you are right about this- however my view on the EU is quite different. If Western Europe reads "Germany/Austria" I agree with you- however that is not quite how the economic definitions have been drawn up.
A price increase right now will be extremely difficult.
Note some industries are seeing temporary increases as companies who exhausted their inventories are having to restock- this cycle does not translate into a good year for Western Europe unfortunately.
Looking forward on orders for capital intensive industries for the next two years does not show a birght picture in Europe. Combine with structural unemployment. I just don't see it (however would love to be wrong on this call).