Importantly, this morning's nasty slowdown in European Industrial Production growth was the May #, not that which is likely worse here in July.
The Euro Zone reported their largest month over month decline in Industrial Production growth since 1992, and at -0.6% year over year this marks the 1st negative growth report in 3 years.
European inflation continues to accelerate, despite the Euro strengthening, and this equates to more of the same. Global Stagflation is here.
KM
The Euro Zone reported their largest month over month decline in Industrial Production growth since 1992, and at -0.6% year over year this marks the 1st negative growth report in 3 years.
European inflation continues to accelerate, despite the Euro strengthening, and this equates to more of the same. Global Stagflation is here.
KM
