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Weaker demand from abroad drove a bigger-than-expected drop in German industrial orders in July, suggesting that struggling manufacturers could tip Europe’s biggest economy into a recession in the third quarter.
Germany’s export-reliant economy is suffering from slower global growth and business uncertainty caused by U.S. President Donald Trump’s ‘America First’ trade policies and Britain’s planned, but delayed, exit from the European Union.
https://www.reuters.com/article/us-g...-idUSKCN1VQ0M1
Need a bloody war .
They are having some problems cos Trump took the free lunches off the menu. Now China are struggling to buy stuff from Germany, while the American economy is expanding. This is what a global trade reset looks like, so do we follow the US or the EU? Embrace the free market or communism? Brexit or Remain?Quote:
Originally Posted by life on mars
The world's never recovered since the 2008 financial crisis. All that's happened since is to delay a worldwide economic depression by countries, corporations and households piling on ever more debt along with major economies artificially setting negative real interest rates for years on end. In Britain it's been below 1% for 10 years straight. Prior to 2009 it had never been under 2% since the Bank of England's creation in 1694. Put another way, the nation's finances weren't nearly as dire during two World Wars, the Napoleonic Wars, Boer War, American War of Independence, 1812 War or at any time during the 1930s Great Depression.
In Yank land, the globe's biggest economy, they have been doubling their national debt every 8 years since 1980. Donny, in spite of claiming he's fronting the "greatest economy ever" is on pace to outspend Obama who in his tenure as president added more US debt than all his 40-odd predecessors combined did. It's also home of the most egregious fake official data anywhere on the planet.
95 million of their 206 million working age citizens (equalling 37%) don't work, but their unemployment rate is a tenth of that at 3.7%!
The official stats at these links demonstrate the outright fakery: https://fred.stlouisfed.org/series/LFWA64TTUSM647S - https://www.whitehouse.gov/articles/...ew-series-low/
Trump was selected as a populist and willing patsy for what's dead ahead. We don't know whether economic collapse or World War III comes first but either will be the catalyst for the other.
But WW3 is already being fought out in the financial world .
Dont need guns to cripple a country , or force it too adopt extreme platform, views , and political agendas .
Just look around Trump , Putin , even in our own land we have extreme loons dominating the agenda in Boris, Mogg, Cummins , Farage ,Corbyn , Seumas Milne ,Mcdonald ,all feeding of the frenzy as they see hard times as an opportunity to obtain power.
History is littered with this tactic .
At the end of the day Remain is Blairism. It's Cameron, Kinnock, May and Benn Jr. It's not old labour or old conservative. Everybody who is trying to grab a piece of the action is either in favour of globalism or the nation state. Everything else is window dressing, so who do you want overseeing your social credit score, China or USA? Vote accordingly ...Quote:
Originally Posted by life on mars
Easy choice for me , better the devil you know 🤔🗽Quote:
Originally Posted by Wales-Bales