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Euro Risks Recession Collapse Below Parity
This writer continues to suspect the ECB has been actively intervening to support the Euro, and this defence of the Euro could fail at any moment. Perhaps the most reliable economic forecast one could make in the world at the moment is that Europe is headed for a significant and perhaps long lasting Recession. This is being driven by the obscene combination of sky rocketing energy and food prices as well as immediate consumer retrenchment in the face of war in Europe. The isolation and sanctions of Russia, both official and being undertaken independently by the private sector are and will continue to generate blow ... (full story)
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