I SURE AS HECK GET TO SAY I TOLD YOU SO AN AWFUL LOT OF THE TIME........I EVEN SCARE MYSELF WITH HOW OFTEN I AM RIGHT IN MAKING PREDICTIONS.....OTHERS HAVE TOLD ME THAT, HAD I BEEN BORN IN THE 17th CENTURY, I WOULD HAVE BEEN BURNED FOR BEING A WITCH. Last week Germany reported that in the second quarter, its GDP declined by 0.2%, worse than Wall Street consensus. This happened a few shorts days after Italy reported a second consecutive decline in its own GDP, becoming the first Europen country to enter a triple-dip recession. Whats worse, Europes slowdown took place before the brunt of Russian sanctions hit. Surely in the third quarter the GDP of Germany, a nation whose exports accounts for 41% of GDP, will be even worse, with whisper numbers of -1% being thrown casually around, but one thing is certain: Europe is about to enter its third recession since the Lehman collapse just as we forecast at the end of 2013, a triple-dip which may become an outright depression unless Draghi injects a few trillion in credit money (which will do nothing but delay the inevitable and make it that much worse once the can can no longer be kicked), and unless normal trade ties with Russia are restored...Which means one thing: for Europe to resume the status quo, it needs to break away from the western alliance and the sanctions imposed upon the Kremlin which solely benefit the populist agenda of Washington, and certainly not Europe proper, which it is now quite clear, is far more reliant on Russia than vice versa. it is also something Putin apparently was aware of from the very beginning....And now, that realization is starting to spread to Europes own countries, which - while the new cold war was only one of rhetoric were perfectly happy to go for the ride - but now that trade war has finally broken out, suddenly increasingly more want out. zerohedge/news/2014-08-16/anti-putin-alliance-fraying-germany-slovenia-greece-czech-republic-urge-end-russian-
Posted on: Sat, 16 Aug 2014 21:05:59 +0000
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