The Eurozone economy navigates recessionary waters in November, albeit with a slightly decelerated downturn. The composite index for private sector production – encompassing both industry and services – rose to 47.1 from last month's 46.5, as reported by S&P Global in its initial release. Economists surveyed by Dow Jones Newswires anticipated an increase to 47.0 points.
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71 sats \ 5 replies \ @Undisciplined 23 Nov 2023
What crazy interventions are politicians working on to get out of the recession? Or is it too early for that?
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444 sats \ 4 replies \ @TomK OP 23 Nov 2023
CBDC to push currency to the consumer (won't happen because they need years to roll it out and the crisis is here)
Capital Controls to avoid the fast collapse of their shitcoin
More vegelance
Higher taxes (look at Germany)
Expropriations are coming by 100% later in this process, too
Forced mortgages
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100 sats \ 3 replies \ @Undisciplined 23 Nov 2023
What are forced mortgages? I've never heard of that policy.
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225 sats \ 2 replies \ @TomK OP 24 Nov 2023
in this case, the state forces homeowners to take out new mortgages on the house and sets the interest rate and amortization. in this way, it can obtain fresh liquidity
https://www.handelsblatt.com/adv/firmen/zwangshypothek.html
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0 sats \ 1 reply \ @Undisciplined 24 Nov 2023
That's nuts. I've never heard a US politician even suggest something like that.
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225 sats \ 0 replies \ @TomK OP 24 Nov 2023
But we're talking european politics. The origin of communism and stateism....
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