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" After Europe's Minsky Moment "Where $2 Trillion Of German Value Depends On $20 Billion Of Russian Gas" https://t.co/K2FhyaWomm

— Mary Shubert (@mary_shubert) August 29, 2022

#Italy's industry lobby warns of "economic earthquake" from energy prices https://t.co/SBGKHVOQMc

— Giovanni Staunovo🛢 (@staunovo) September 1, 2022

The ETF that US investors can use to have exposure to Germany's stock market is down more than 30% YTD through August. That's pretty negative. pic.twitter.com/il0ydC821s

— Bespoke (@bespokeinvest) September 1, 2022