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47 sats \ 8 replies \ @Satosora 1 Aug \ on: Eurozone Manufacturing Slump Deepens Amid Rising Unemployment econ
Its not letting up at all. When do you think they will have to raise prices and pass on the cost the client?
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20 sats \ 7 replies \ @TomK OP 1 Aug
As soon as it's possible. There is a wave of insolvencies coming that will eliminate a lot of supply
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47 sats \ 6 replies \ @Satosora 1 Aug
You think its that serious? Banks will need to be bailed out in france?
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20 sats \ 5 replies \ @TomK OP 1 Aug
100%. And german banks, too. They are heavily exposed zo US CRE
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47 sats \ 4 replies \ @Satosora 1 Aug
I thought the german nanks were bailing out everyone else?
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20 sats \ 3 replies \ @TomK OP 1 Aug
Nono. They always need state bail outs, too.
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47 sats \ 2 replies \ @Satosora 1 Aug
What? I thought they were the most solvent?
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20 sats \ 1 reply \ @TomK OP 1 Aug
Oh no.
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47 sats \ 0 replies \ @Satosora 1 Aug
Maybe it is time to borrow from Iceland. I heard they are pretty wealthy.
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