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German observers are saying the economy has reached crisis proportions and the reason is what the US economy's weakness is doing to the rest of the world. Rather than recover as many in Europe had hoped, the situation has turned grim due to America's growing negatives. As one result, bulls are firmly in charge of all the curves. Eurodollar University's Money & Macro Analysis IFO Business Climate Index deteriorates (August 2024) https://www.ifo.de/en/facts/2024-08-26/ifo-business-climate-index-deteriorates-august-2024 Dow Jones German business increasingly in trouble, Ifo survey finds https://www.morningstar.com/news/marketwatch/2024082620/german-business-increasingly-in-trouble-ifo-survey-finds WSJ German Economic Expectations Nosedive as Global Slowdown Fears Bite https://www.wsj.com/economy/central-banking/german-economic-expectations-nosedive-as-global-slowdown-fears-bite-944996b5 S&P Global/HCOB Germany PMIs August 2024 https://www.pmi.spglobal.com/Public/Home/PressRelease/3c59ed1870c24259ac3e62cfb7792724 deStatis Germany June Trade https://www.destatis.de/EN/Press/2024/08/PE24_300_51.html Bundesbank Forecast for Germany: German economy slowly regaining its footing https://www.bundesbank.de/en/press/press-releases/bundesbank-forecast-for-germany-german-economy-slowly-regaining-its-footing-933658 https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU |