Whoa - Europe in free fall (and the Fed can do nothing about it)
World Market corrections coming very soon.
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.
Europe stock market selling off again. And when you read this you will understand why.
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.
If Germany goes then the whole house of cards comes falling down. Of course why would Spain, Italy, Greece, Portugal, Cyprus, etc., really care since they think Germany no longer cares about their broken economies, lack luster work force and corrupt political officials,