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33 sats \ 3 replies \ @carlosfandango 5 Sep 2023 \ on: German Debt Spiraling Out Of Control Due To Recession bitcoin
Terrifying. Germany (like a lot of industrial nations) cannot just cut, grow or tax it’s way out. And the European economy (as a whole) has no way out of its liabilities nor its dependence on the German economy.
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43 sats \ 2 replies \ @TomK OP 5 Sep 2023
Exactly. Did You see PMIs falling like stones in G and the Eurozone??https://twitter.com/Schuldensuehner/status/1699008215277597030?t=jiQC-fhmqKy09T33HIQUOw&s=19
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0 sats \ 1 reply \ @carlosfandango 5 Sep 2023
I really don’t want to know how low it can go… 50 seems a long way off
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10 sats \ 0 replies \ @TomK OP 5 Sep 2023
In Northrine-Westfalia, biggest state and manufacturing center, the industry is collapsing. It's a looong way ahead. https://twitter.com/ITNRW/status/1698933761511968806?t=AVTMjGpAYLmwTUeaWZwrqA&s=19
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