Recession Starting in Germany

[lennypartiv]

Will the Europeans be able to contain this or will they let is spread to the rest of the world?


<< There was a 2.6% drop in orders from inside Germany, while demand from foreign customers improved. Orders from other countries in the eurozone rose 1.5% and those from elsewhere were up 0.4%.
German industrial data have been largely disappointing for months. The economy contracted slightly in the second quarter and is widely believed to have shrunk further in the just-concluded third quarter, which would put it in a technical recession. >>

Germany Tips Towards Recession as Domestic Demand Slumps Again

 

[fncceo]

Historically, nothing bad has ever happened with the German economy tanks.

 

[lennypartiv]

Europeans despise Trump so much they'd like to export their recession to America in an attempt to hurt Trump in the 2020 election.

 

[kyzr]

The Fed is still lowering interest rates. The US is not anywhere near a recession (2 consecutive quarters of negative GDP)
Unemployment is at 3.5%, which is basically full employment.
I'm not worried about a recession in the US, no matter which country has one.
Its disappointing that some progs are rooting for a recession, where the middle and lower incomes get hurt the most?!