Italy has never had a strong economy and a good GDP growth rate in the country.
After the last recession in 2008, the country has not solved its problems on the budget deficit and all these 10 years was in a symbolic plus.
Sanctions against Russia also play an important role, as Italy received considerable support for its economy in trade with Russia. Italy is one of the EU countries that was most against the introduction of economic sanctions. And what we have now is echoes of uncertain policies and imposed restrictions against Russia.
Topic: Italy already in recesion (Read 627 times)
The Italian economy is indeed having a problem, but if the economic problems in Italy are used as a new economic crisis, I say it is still too far away. The EU will not remain silent and they will try to save the economy of its members. Bitcoin can indeed be one solution and I hope the Italian government has the same thoughts on bitcoin.
It is inevitable for the South countries of not getting impacted by the North countries where they have taken the whole industrial operations of Europe. And add to that, all the countries have a debt (the US has one of the biggest in the world if not the biggest) yet it is compared to the GDP of each country. Italy has a strong manufacturing industry and retail which keep the country alive.
The Italian economy is indeed having a problem, but if the economic problems in Italy are used as a new economic crisis, I say it is still too far away. The EU will not remain silent and they will try to save the economy of its members. Bitcoin can indeed be one solution and I hope the Italian government has the same thoughts on bitcoin.
I do not think that the example of Italy can be used to assess the degree of financial state of the entire global economy. Moreover, Italy is not a leader in the EU in terms of economic indicators. If a recession or stagnation begins in the United States or in China, it can be said with confidence that we are on the verge of a new financial crisis. The current situation on the global market is certainly worrying, but the global crisis is still being postponed. But this is my personal opinion. It seems to me that it will begin in 2020. Protectionism and trade wars will play a role in slowing the global economy.
Germany had no growth in Q4 and deficit in Q3. Germany is 4th world economy. Italy is 7th world economy. Yes if 6 bigger economy countries would be in recession would that be a bigger news. But I believe 7th economy is still quite big news.
It never happens that recession start in all countries at the same time. I pointed to the fist big economy where it happened and since we are due for a next economic crisis ( last was 10 years ago and on average they happen every 8 years) om my opinion this is a huge sign.
I do not think that the example of Italy can be used to assess the degree of financial state of the entire global economy. Moreover, Italy is not a leader in the EU in terms of economic indicators. If a recession or stagnation begins in the United States or in China, it can be said with confidence that we are on the verge of a new financial crisis. The current situation on the global market is certainly worrying, but the global crisis is still being postponed. But this is my personal opinion. It seems to me that it will begin in 2020. Protectionism and trade wars will play a role in slowing the global economy.
You're wrong because Italy is one of the major European countries and somewhat "a leader". The problem there comes from the banks. One of the oldest and the biggest bank in the country is in agony since a long time and maybe wasn't able to pass the stress test before perhaps a re-capitalization or something else just to postpone the real problem.
Now if what happened in Greece happens to Italy, Europe won't be able to save Italy like they saved Greece. It's about several trillion € and EU can't afford.
I do not think that the example of Italy can be used to assess the degree of financial state of the entire global economy. Moreover, Italy is not a leader in the EU in terms of economic indicators. If a recession or stagnation begins in the United States or in China, it can be said with confidence that we are on the verge of a new financial crisis. The current situation on the global market is certainly worrying, but the global crisis is still being postponed. But this is my personal opinion. It seems to me that it will begin in 2020. Protectionism and trade wars will play a role in slowing the global economy.
Positive effect if Italy have accepted bitcoin as transaction payment and make bitcoin price will growing up later, we need many country will have allowed for bitcoin become legal transaction at each country in the world.
Hey Italy’s financial mess goes back to 2008 they never really recovered from it, what surprises me they have managed to stay afloat for so long. I don’t know where you read the news, but there’s no official news of Italy accepting bitcoins. In my personal opinion if they choose to accept bitcoins it’ll be a great decision, as the revenue generated from bitcoins will help them save their economy.
Italy or others euro zone never make improvement on their economic and they just waiting ECB to add more money supply in their economic system. I dont think so easily for Italy to regulate bitcoin like Germany because Germany is not in a crisis
and if switch to bitcoin that in low price they will recovered their assets soon.
I wish it was that easy. It's impossible to guess what the price will do in the short to mid term, so if you end up converting to Bitcoin at current "low" levels, there is a chance you'll regret it a month or year after.People assumed they were safe above the $6000 mark because of how that level kept us up for like 10 months. People were said to be losers for selling there, but who's the loser now?
Just because the peak was $20k back in 2017 doesn't mean that everything below $10k is cheap. The fact that we've been hovering below the $4000 mark for two months now indicates that this price isn't low at all.
Positive effect if Italy have accepted bitcoin as transaction payment and make bitcoin price will growing up later, we need many country will have allowed for bitcoin become legal transaction at each country in the world.
Hey Italy’s financial mess goes back to 2008 they never really recovered from it, what surprises me they have managed to stay afloat for so long. I don’t know where you read the news, but there’s no official news of Italy accepting bitcoins. In my personal opinion if they choose to accept bitcoins it’ll be a great decision, as the revenue generated from bitcoins will help them save their economy.
Positive effect if Italy have accepted bitcoin as transaction payment and make bitcoin price will growing up later, we need many country will have allowed for bitcoin become legal transaction at each country in the world.
Hey Italy’s financial mess goes back to 2008 they never really recovered from it, what surprises me they have managed to stay afloat for so long. I don’t know where you read the news, but there’s no official news of Italy accepting bitcoins. In my personal opinion if they choose to accept bitcoins it’ll be a great decision, as the revenue generated from bitcoins will help them save their economy.
Positive effect if Italy have accepted bitcoin as transaction payment and make bitcoin price will growing up later, we need many country will have allowed for bitcoin become legal transaction at each country in the world.
Hey Italy’s financial mess goes back to 2008 they never really recovered from it, what surprises me they have managed to stay afloat for so long. I don’t know where you read the news, but there’s no official news of Italy accepting bitcoins. In my personal opinion if they choose to accept bitcoins it’ll be a great decision, as the revenue generated from bitcoins will help them save their economy.
Positive effect if Italy have accepted bitcoin as transaction payment and make bitcoin price will growing up later, we need many country will have allowed for bitcoin become legal transaction at each country in the world.
Hey Italy’s financial mess goes back to 2008 they never really recovered from it, what surprises me they have managed to stay afloat for so long. I don’t know where you read the news, but there’s no official news of Italy accepting bitcoins. In my personal opinion if they choose to accept bitcoins it’ll be a great decision, as the revenue generated from bitcoins will help them save their economy.
Positive effect if Italy have accepted bitcoin as transaction payment and make bitcoin price will growing up later, we need many country will have allowed for bitcoin become legal transaction at each country in the world.
All Europe is entering in recession
There are alarming data from Germany even
France economy is nightmare
But most interesting data are from USA
Most known economic data from USA are very good but there is one small alarming one
7 mln USA citzens are not paying his car insurance for last 90 days
That data compare to data from 2017 just before 2018 crisis
Yes, most commonly those who are on the EU are suffering some decline on their economy and its alarming since those are the countries who are more powerful before compare to other countries. This can be the proof that the world financial crisis is about to begin, and in USA it will surely happen too considering the increase on their debt. There are alarming data from Germany even
France economy is nightmare
But most interesting data are from USA
Most known economic data from USA are very good but there is one small alarming one
7 mln USA citzens are not paying his car insurance for last 90 days
That data compare to data from 2017 just before 2018 crisis
It was predictable
Absolutely. Italian debt is currently sitting at an astronomical 131% of GDP, with an incompetent government.With even Germany facing a recession, the Eurozone is on the brink. China's growth is slowing. UK is facing a no-deal Brexit. US can't keep their government open. We are facing another global recession.
How do I short the world?
We do not know when but all the signs that another huge economic crisis is coming are there so we need something to prepare ourselves since it is possible the next crisis will be unstoppable since the current debt levels of most countries are unsustainable and getting indebted was the trick they used last time to stabilize the economy.
How do I short the world?
If my memory serves me correctly (and it may not), I recall reading a book about Jesse Livermore who was a legendary stock trader from almost 100 years ago, and he found a way to do almost exactly that. He saw a huge recession coming and shorted a wide variety of stocks. I don't know if you can short index funds, but you could probably make a ton of money doing so.i've been watching permabears trying to short the stock market for years---such a dangerous game. many trading accounts have been destroyed trying to front run the next 2008. if you wanna try your luck, i suggest the proshares 3x short s&p500 ETF (SPXU) for maximum exposure.
the fact that everyone sees a global recession coming right now tells me it's not happening yet. especially after that v-shaped recovery in stocks. i think people are jumping the gun by a couple years.
Italy is just one country; it's an important one, true, but it's certainly possible for a single country to be doing badly while the rest of the world is thriving. Remember Greece? How about Venezuela? You'll know we're collectively in trouble once the rot spreads to whole continents, and right now things just aren't that bad. Certainly not bad enough to start contemplating a short sale of global stock market indexes.
@STT
The risk for Italy is a lot bigger than Venezuela. Italy will damages full Europe...at least... and it could have also an impact on the worldwide economy. Greece received 10 trillion from the IFM to recapitalize the country, but they won't be able to do the same with Italy. Nor it will be enough.
The risk for Italy is a lot bigger than Venezuela. Italy will damages full Europe...at least... and it could have also an impact on the worldwide economy. Greece received 10 trillion from the IFM to recapitalize the country, but they won't be able to do the same with Italy. Nor it will be enough.
New GDP figures show that Italy's economy shrank by 0.2% in the final three months of 2018, a worse result than expected. That follows a 0.1% contraction in July-September, meaning Italy is now officially in a technical recession.
Are we at a brink of new economic crisis?
I think many countries have experienced poor economic growth, this might be caused by the declining Chinese economy that is experiencing a trade war with America. great effects can be felt in most countries in the world. erratic economic conditions might be an Italian invader experiencing an economic downturn.Are we at a brink of new economic crisis?
Trade war better US Government and Chinese Government affecting to world economy. Euro economic already in economic crisis start with greece and perhaps after Italy, Spain will be next because the unemplyment rate very high
New GDP figures show that Italy's economy shrank by 0.2% in the final three months of 2018, a worse result than expected. That follows a 0.1% contraction in July-September, meaning Italy is now officially in a technical recession.
Are we at a brink of new economic crisis?
I think many countries have experienced poor economic growth, this might be caused by the declining Chinese economy that is experiencing a trade war with America. great effects can be felt in most countries in the world. erratic economic conditions might be an Italian invader experiencing an economic downturn. Are we at a brink of new economic crisis?
Most EU countries are in deep financial crisis, but the crisis havn't been noted so much thanks to the Euro central banks quantitative easing, but that have come to an end a month ago, so from now on we will start to see some of the southern EU countries go in to recesion. Prices of everything have been gone up, thanks to the quantitative easing, but most salary's haven't follow the higher prices.
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