Destroying the World Economy ASAP
The two positions in life that require ZERO experience are (1) politician and (2) becoming a parent. We often hear blaming foreign buyers in real estate for the rise in [...]
Germany Slips into Recession Following the Economic Confidence Model
COMMENT: Mr. Armstrong; Your ECM has been amazingly accurate. Not only did real estate peak, but it is now official, Germany is in a recession.
Great job
HW
REPLY: There is an accurate business cycle that unfolds but you must step back and observe it from a global perspective. The Economic Confidence Model has a long track record. The numbers are shocking. For 8 out of 12 months in 2018, German production has declined. On average, manufacturing declined 4.1% in November and energy production decline 3.1% in November. Even new construction has declined 1.7%.
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