Zoltan Pozsar: Europe is facing a Minsky moment triggered by excessive financial leverage. In Germany, $2 trillion of value added depends on $20 billion of gas from Russia… …that’s 100-times leverage – much more than Lehman’s.”

by  mark000 Eurozone about to plunge into severe recession, global markets (stock, bond, real estate, crypto, oil, commodities, currencies) going to crash, then a global financial crisis, and then…………? Zoltan: "This Is What The New World Order Will Look Like" …

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Europe’s issues have just gotten a lot worse…

by BoatSurfer600 Source: https://www.reuters.com/business/energy/gazprom-informed-engie-reduction-gas-deliveries-2022-08-30/ German food CPI rose +16.6% YoY BANK OF ENGLAND: CREDIT CARD BORROWING UP 13.0%, HIGHEST SINCE OCTOBER 2005. And rates rise — Alessio (@AlessioTMAD) August 30, 2022 WESTERN EUROPE HEADED FOR ‘ENERGY COLLAPSE’ – HUNGARY UNLIKE OIL …

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Is Europe nearing its Lehman moment?

by silvertomars France 1 year forward base load electricity continues to skyrocket on a daily basis… on Monday it cost euro 840/MWh and today euro 1,125/MWh or +34%… meanwhile half of France nuclear reactors are switched off…. Six million families …

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Germany and Europe are in complete disarray…

https://twitter.com/Jedi_ant/status/1560662183653953537 https://twitter.com/WallStreetSilv/status/1560397272155688960 https://twitter.com/WallStreetSilv/status/1560444910012141569 ‘Humanitarian crisis’ on the horizon for the UK as energy prices continue to soar Britain faces a “humanitarian crisis” this winter when the difficult choices forced upon low-income households by soaring energy bills could cause serious physical …

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Society is falling apart in Europe…

by BoatSurfer600 Schools are reportedly considering three or four-day weeks to manage soaring energy bills and teacher pay rises. Headteachers and academy trust leaders are having to think of ways to save costs as budgets come under increased pressure. Schools …

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Europe Is Heading Towards A Green Depression

https://twitter.com/WallStreetSilv/status/1556484293936812033 https://twitter.com/WallStreetSilv/status/1556478319817809920 https://twitter.com/WallStreetSilv/status/1556362037768310784 The list of fertilizer and chemical plants shutting down or rationing in the EU is impressive. With these gas prices, the list will grow.According to @ICISOfficial, around 40% of urea production may have been cut in EU.Despite …

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Europe is doomed

Translation from German: “This escalator is NOT defective. This escalator is currently contributing to climate protection and reducing energy consumption. Please use another escalator or elevator.” 🤡 Europe is doomed. pic.twitter.com/3EargFo81y — Dr. Eli David (@DrEliDavid) July 31, 2022 The …

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