In a startling revelation, the Eurozone's economy contracted by 0.1 percent during the third quarter of 2023, a stark contrast to economists' predictions of stagnation. This downturn comes after a revised growth of 0.2 percent (preliminarily 0.1 percent) in the second quarter
2 sats \ 1 reply \ @siggy47 31 Oct 2023
Can the ECB lower rates substantially before the fed does? Won't that further destroy dollar denominated debt?
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336 sats \ 0 replies \ @TomK OP 31 Oct 2023
That's the trap. They need to. And it will kill the Euro. Japan is putting more pressure on them, too.
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