Debt Crisis: Eurozone Headed for Recession as Economic Rot Spreads!
- America, the Eurozone, China and Japan are all experiencing negative growth. Don’t let the fraudulent US economic statistics fool you. The world is headed for a global economic meltdown! Illuminist banksters will QE to infinity to ‘solve’ this problem. But it will lead to a global currency crisis. Did earlier QE help the economies of US, Eurozone and UK? Obviously not. It limited or slowed the impact of collapse. But it has created an even bigger debt problem which will lead to a ginormous collapse. The industrialized world is bankrupt. When a person is bankrupt do you think that low-interest rates, government debt stimulus … will make him borrow more money? Obviously not.
Debt crisis: eurozone headed for recession as economic rot spreads!
by Telegraph staff and agencies, http://www.telegraph.co.uk/
The eurozone looks destined for its second recession in three years, as business surveys showed the economic rot is even spreading to Germany, the region’s largest and strongest economy.
Markit’s Flash eurozone composite PMI, which measures manufacturing and services activity, edged up to 46.6 in August. Although this was marginally better than the 46.5 forecast by economists, it is the seventh month that the PMI has fallen below the 50 level that divides growth from contraction. The data suggested that the eurozone will contract by between 0.5pc and 0.6pc in the third quarter as orders for new business decline.
A debt crisis which began in the euro zone’s smaller economies is now hammering business and consumer confidence across the bloc, putting pressure on policymakers to take radical steps to help vulnerable countries such as Spain and Italy.
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