When you see the German's economy starting to collapse you know things are bad in Euro land. Time to buy VXX and Uvxy tomorrow and hold as our friends over the pond enter depression.
European economies shrank in the fourth quarter at their fastest rate since the depth of the financial crisis in 2009, new data showed on Thursday, with both strong and weak countries falling short of expectations and raising anxieties of a longer, deeper recession.
You got that right -
Germany’s economy, the largest in Europe, shrank more than expected late last year, and the slowdown deepened the region’s ongoing recession. The report was a troubling sign for the United States because sales to Europe have been a boon for American companies.