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Europe’s ‘Miserable’ Industrial Recession Deepened In December
It won't surprise you to learn that industrial production in the euro-area came in worse than expect
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Living within ones means always trumps reckless spending and using Debt and funny money to fund one’s spending
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No, it does not. If I run up 1 million in credit card debt buying everything under the sun, and then I die, then who is the winner in that scenario? It’s me. The loser is the credit card company. Because they ain’t gettin’ that money back.
The EU may suffer now, but will be fine going forward. the US will do anything to not feel a bit of pain. trillion dollar a year deficits and large ratio of consumer debt will catch up to us eventually and we will feel the pain all at once.