Posts

Showing posts from January 31, 2012

20 Signs That Europe Is Plunging Into A Full-Blown Economic Depression

Image
20 Signs That Europe Is Plunging Into A Full-Blown Economic Depression http://etfdailynews.com/2012/01/30/2...p-ewi-euo-ewg/

Michael Snyder: An economic nightmare is descending on Europe. With each passing month, the economic numbers across Europe get even worse. At this point it is becoming extremely difficult for anyone to deny that Europe is plunging into a full-blown economic depression. In fact, some parts of Europe (NYSEArca:VGK) are already there. In Spain (NYSEArca:EWP) the overall unemployment rate is over 22 percent, and in Greece one out of every five retail establishments has already been closed down. All over Europe (NYSEArca:IEV), economic activity is rapidly slowing down, unemployment is skyrocketing and bad debts are unraveling. It isn’t even going to take a default by a nation such as Greece or a collapse of the euro to push Europe into an economic depression. All Europe has to do is to stay on the exact path that it is on right now and it will get there. Normally, Euro…