Europe's Disaster Is About To Spread To The World

More confirmation that recession is coming back with a vengeance in Europe. The latest data indicates the dangers this time around including jobs and layoffs. This situation in Europe is hardly unique. This is why central bankers are out in force downplaying their own rate cuts; to the point a few policymakers are outright lying why they voted for them.

Eurodollar University's Money & Macro Analysis

Bloomberg Fed’s Waller Says Slowing Inflation Led Him to Support Large Rate Cut

Bloomberg Fed’s Kashkari Says Interest-Rate Hikes Not Entirely Ruled Out

Bloomberg Fed’s Neel Kashkari Expects Two Quarter-Point Cuts Before Year’s End

Bloomberg Fed’s Bostic Says He Now Might Favor More Than One 2024 Cut

Atlanta Fed On the State of the US Economy and Monetary Policy

S&P Global S&P Global Flash US Composite PMI September 2024

S&P Global/Hamburg Commercial Bank HCOB Flash Eurozone PMI September 2024

[jaym]

We got the best of both worlds. Inflation & Unemployment.

[theodorearaujo]

Time to disband the E.U. and go back to national currencies that can be devalued.

[michaelwills]

Whatever. It’s all building to a crescendo you can feel it, see it and nigh taste it on the air. Gen X, remember who you are

[scrumpy]

*Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult*

[swedish_sadhguru]

Unemployment is extremely high here in Sweden.

[nasapps]

I am a professional consultant in Europe, The Netherlands. If there would be any trace of a cooling economy - 1) hard to find and 2) finally! Jobs markets are tight, companies are making profits, whole new part of the economy emerges with the energy transition, new tech in wind, solar, hydro and bio-fuels provide power significantly cheaper than ever before and: not imported but locally invested! That is a ton of cash that used to flow into Russia and Arab states now going into local economies! Huge infrastructual investments too. That is a major economic fuel. It is change, so a lot will cease. But much more is being 'energized'. Shipbuilding to 'plant' mills, cable layering, power transformation, new software on all sides. It is amazing! And this tech wil be exported, is exported. Big driver - not in those oil stats.

[timnitz]

I've been watching so many of your videos that i hear "globally synchronized downturn" in my sleep. :^)

[shiner]

This time we are finished for real this time dang it.

[alexanderkonieczka]

market tops are like wile e.. coyote after he ran off the cliff but you can stay suspended in air for 3 to 9 months waiting for the drop and even catch an updraft while waiting. then one day it finally comes after you finally start thinking this time is different.

[goldspan]

WAIT ONE SECOND! You predicted we would be in a recession by the end of the the summer of 2023!
Are you sure your crystal ball is not a snow globe?🤣😂🤣😂😅🤣😂

[DonMauroCarrasco]

And now, from the creators of "Inflation is transitory, " we bring you, "No need to worry: all is going well!"

[richalva]

look on the bright side, we have Hollywood

[aussteigen]

I think most US citizens forget how low Germany's debt is. Germany could spend 2 trillion on the economy and it would just be on par with France and still lower debt than US.

[rashidbagewadi]

No it will never spread to the world. You see.

[tabbott]

Self employed remodeling contractor for 20 years. Im booked for months with no advertising. All referrals. People are spending money on their homes. Basements, bathrooms, painting, drywall repairs, gutter guards. Easy money if your skilled and care about quality. My investment accounts are also going UP short term. Play it both ways. FEAR is not an option.

[rddavies]

In other words the "soft landing" is as likely as seeing Bigfoot riding on the back of Nessie!

[waltertodd]

But there is no economic weakness and recession, right? The Administration would never lie to us, right? 😮

[kifkroker]

You said the US is not far behind... Dude, reality on the phone for you...

I've seen tons of YT videos of monthly rent prices in the US starting at $1500... guess what... we don't have that in Europe!

[TwoBassed]

You’d think with the surge in migration recently that the employment market would be thriving!

[teosandev]

Recovery based on what? Ukraine was still going, energy still expensive.