Moneymoney

Thu Oct 24, 2019, 10:30 AM

Germany Slides Into Recessionary Abyss As Employment Falls For First Time In Six Years

The latest Markit servey data released on Thursday confirmed that Germany's manufacturing recession continues to broaden. The worst fears are now being realized as loose ECB monetary policy is failing to contain the economic slowdown as it successfully transmits weakness from manufacturing into the services and jobs market.

IHS Markit's Flash Germany Manufacturing PMI remained little changed at 41.9 in October, a slight increase from September's ten-year low of 41.7, however red alerts flashed below the surface as employment in Germany's factory industry fell the most in almost 10 years.

https://www.zerohedge.com/economics/germanys-manufacturing-recession-deepens-employment-falls-first-time-six-years


The souring outlook in Germany is a clear indication the Eurozone might not see a recovery this year. The world as a whole, is stuck in a synchronized global downturn, where monetary policy is becoming less effective than ever before to generate a 2016 style rebound. The calls for fiscal stimulus by ECB authorities, global banks, and governments tell us that elites who run the world know that central banking died in 2019. This should terrify us all that central banks' supposed monetary cannons, or let's say monetary toolkits, are likely depleted. Who is ready for helicopter money and MMT?

2 replies, 49 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 2 replies Author Time Post
Reply Germany Slides Into Recessionary Abyss As Employment Falls For First Time In Six Years (Original post)
uncledad Oct 24 OP
orson Oct 24 #1
uncledad Oct 24 #2

Response to uncledad (Original post)

Thu Oct 24, 2019, 12:44 PM

1. Obvious answer; more tax cuts for billionaire$

Reply to this post

Back to top Alert abuse Link here Permalink


Response to orson (Reply #1)

Thu Oct 24, 2019, 05:00 PM

2. It sounds right, if your in that very exclusive club.

I think as long as the 1% feels safe, nothing will change.

Not that I want to see violence, but other countries are already there.

Reply to this post

Back to top Alert abuse Link here Permalink

Moneymoney