Tuesday, October 20, 2015 |
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YOUR BEST SOURCE FOR THE UNBIASED MARKET COMMENTARY YOU WON'T GET FROM WALL STREET | |
Dear Subscriber,
Deflation — that dreaded
plague that brings economic depression, default and poverty in its
wake — is definitely beginning to hammer the European Union.
You can see it in the
inflation numbers: Despite the fact that the European Central Bank
(ECB) is printing money like there’s no tomorrow, the inflation rate is
now in negative territory.
Since April, the EU inflation rate has fallen from .3% to a negative .1% in the latest month.
The danger is that
consumers will realize that they can save money by delaying purchases.
At that point, catastrophe is inevitable. Tax revenues plunge.
Governments find it difficult or impossible to pay their debts. A
plague of defaults follows.
Some citizens may
already feel caught in the grips of a depression. According to
Eurostat, the EU-28 unemployment rate is stuck at a staggering 9.5%.
Worse: Growth this year
has been disappointingly weak. Germany is on the way to the emergency
room. France and Italy are in intensive care. And of course, Greece is
still on life support.
The worst news of all
is that despite interest rate cuts ... despite massive money printing
... the situation continues to get worse.
Mark my words: Barring a miracle, the European Union is racing towards a massive, crippling economic catastrophe.
Once again: This is why
it’s critical that you consider investments that rise when the euro
plunges ... that soar when European stocks crater ... and that spin off
huge profits as trillions of euros in flight capital move into U.S.
dollars and investments ... will make savvy investors rich.
Yours for supercycle survival and profits,
Larry Edelson Senior Analyst, Weiss Research Editor, Supercycle Trader
P.S. Although enrollment in my Supercycle Trader has now closed, I will con
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Wednesday, October 21, 2015
Has Europe already fallen into depression?
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