Where are things worse for PPX than in Europe?

Posted April 25, 2012                                                               Twitter: @PaperlinXsuX


PaperlinX keeps reminding us about the parlous state of the European economies. It's true, some parts of Europe are doing it tough. 

The economies of Italy and Spain are now so distressed that their stock markets are back to levels last seen at the bottom of the GFC on March 6, 2009. Yuk!

Meanwhile, the depressed euro currency has been a boon for German exporters and the German economy is generally travelling OK.

All this is graphically shown here and raises the critical question of why is PaperlinX trading so poorly in Germany?

And the answer to where are things worse for PaperlinX than in Europe? 


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In Australia.

PPX is now 85% lower than at the bottom of the GFC. Check the graph above.