The Euro zone is going into recession. The forward-looking orders minus inventories (blue) component in the manufacturing PMIs for key European countries is tumbling and – since data only go to June – this is before any serious disruption in gas supply from Russia even shows… pic.twitter.com/BZVAoYiIJs
— Robin Brooks (@RobinBrooksIIF) July 11, 2022
Germany yield curve
An upward break would mean the beginning of the debt crisis.. the ECB has to act now pic.twitter.com/8RIHjkhwqy
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) July 12, 2022
Europe seems determined to crush their own economies.
— David Morgan (@silverguru22) July 13, 2022