Europe Under Pressure

The big news this week is that Europe came in weaker than expected. China’s already been weakening, but everyone expects that. After all, you can’t really trust the big reported numbers from the Red Dragon because they overstate things.

But Germany?

Germany just reported a decline in December retail sales of 4.3%!

Year over year in 2018, retail sales have declined 2.2%.

It shows that their consumer sector, which is driven by demographics, is weakening.

Most people don’t see that. We’ve seen this coming for decades.

Then there’s Italy. It fell into a technical recession… and I explain what that means and why you should care in today’s video. Listen now.

Harry