Topic: Italy already in recesion - page 2. (Read 627 times)

I don't think it'll just be something that will occur in Italy. A recession in one country (perhaps not in this case) could trigger recessions in other countries too.

A recession is due any time. We just don't know when we'll see that consecutive quarters of negative growth. We also don't know the government policies around the world for different countries, how they are going to potentially inject liquidity into the market in order to stimulate the economy. That's why it's pretty much impossible for us to predict which country is going to get hit next, and when.

But people are expecting it around the world, economic analysts are predicting it. We are seeing a rebound in the stock sector, but will that last? Since it's impossible to predict when it's going to happen, I'd rather be safe at this stage, diversify out of stocks and real estate to some decentralised assets (gold, silver, crypto) and some short term cash holdings.

haha, Italians do trade everyday which helps Germany and all the others in the union.   Thats the benefit of the EU and Euro but I dont know it's enough for a permanent fix in exchange and currency rate between the two countries and others.

I think in the future we see more volatility and we will need more adaptable links between countries.   It doesnt mean an end to trade like the whole brexit thing going on, is overblown.  Trade can carry on just the idea of fixed rigid links, I think these break and must be more free to alter with any waves in the global economy.    Change is inevitable and healthy even

Italians are not forward thinking enough to push their economy forwards. They will rely on the germans to bail them out. If there are any talented italians reading this, please create a worthy ICO worth billions and save your country

The current trade war is increasingly out of control, the European economic crisis has been fairly degenerate about France there are many demonstrations that wear yellow vests. Finance Minister Bruno Le Maire also claimed that the demonstration was a disaster for business well the news had also spread throughout the world

Why should me or you bother how people in UK will live. We dont live there. Let them decide what to do in peace for themselves.  Because of me they can live on the moon. It is up to them an none of anyone's business.

Now you say there is already a financial crisis. I assume you are from Turkey. What was Turkeys GDP in Q3 and Q4 of last year?

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

There is already a big crisis in the world.  Why do you think Britain wanted to leave the European Union? World Crisis starts from Europe,
Unfortunately, people are becoming impoverished throughout the world.... Those who manage this crisis will survive; this is my opinion.

I cant believe what all people brought into this thread. Economic crisis will be global and will consider everyone of you. No it will not consider only Spain and I dont know which European country. But every single country. We live in a global world with global economy.

Second. Venezuela? Really?  Venezuela will least feel economic crisis since its economy is already isolated and the economic pressure on them is only increasing. And this is not really their main problem. Their main problem is the media campaign that is going on ( and its influence is also seen by posts in this thread) to destabilize country and start a civil war or any kind of war there. Same that happened in Syria and Tunisia. This will be the worse thing that can happen and I am 99% sure it will happen when I see all this pressure.   Result will be totally same as in Tunisia and Syria. Few years of wars, government and economy collapse. Citizens moving to neighboring countries like Colombia and Brazil. In case of Syria was Jordan. In case of Tunisia was Algeria and Lybia.  Since those countries will be at a brink of a collapses because of all the refuges, they will ask for help other countries. And here is the main big difference.  North from Syria and Tunisia is Europe. North from Venezuela is USA.  Trust me what I am saying here. Biggest wall Trump can build on Mexico border is to keep Venezuela war free as it is right now.

No, we are just being degraded and the crisis will be worse. Not only in Italy has a bad GDP index, in countries like China, France and Venezuela, the GDP index has been significantly reduced.
But we should not be too worried. GDP is a general indicator of the financial situation as well as the income of a country. The most important thing is that people's living standards are still good and there are not many alarms.

Italy is the next Greece and Spain is the next Italy.

Germany and France make all the decisions in the EU and that pisses of the countries like Italy, Spain, Greece etc... Actually they don't give a fuck anymore. They very well know ECB will cover their asses no matter what they do. They already covered Greece's back and that gave Italy lots of courage.

Italy has a big debt but it also contributes a lot to the GDP of the European Union making Euro a competitive currency.
Its economy can be stabilized without any help or bailout from other countries.

Opponents of the European Idea just spread FUD about the European Federation in order to break the Union.

The crisis in Venezuela started long before the oil prices dropped. I mean, yes, the government was relying way too heavily on oil money, but the bigger factor was how that money was spent. Very little of it was spent on the Venezuelan people, infrastructure, economy, etc. The majority of it was spent by the corrupt government to help Maduro consolidate power, gift to his friends and supporters, pay off or "silence" enemies, etc.

Venezuela's current crises goes way deeper than simply not having enough money.

I think this is because of their country's internal factors. like in Venezuela, the government only relied on the oil sector, so that when oil prices were destroyed, the crisis ensued

Venezuela is ten times more serious then Italy which just needs to reorganise and as a rich country pull back some of their over spending to reduce debt.   Not exactly harsh times, Venezuela may not survive as a country without a revolution.

So thats really slight, more true to say they failed to grow as thats barely much of a pull back.    Venezuela is in death spiral, literally people starving to death from no ability to exist in any way.
The main problem Italy has is that its fixed into that pan European economy with rates set outside the country that will not allow it to adjust as a normal economy might, its caught in a series of political hurdles.    

it could be, Venezuela yesterday, now Italy. and there are still many countries that are experiencing a crisis. I think this is not the impact of America vs. North Korea that triggered World War 3. It never happened in modern times.

^^  That last point relates to exchange rates, incoming money for domestic production sold abroad has far more worth in an economy with a floating exchange rate.    The super obvious example of how this is out of balance would be Greece, all those beautiful islands and they could have so much money coming in from tourism for sure.   China took an interest in a dock and the shipping side of things.   Problem is Greece is handcuffed to the same rate as Germany and I dont think it fits.    The rigid control on that exchange, also interest rates and all sorts of thing is part of what is causing the failure.   Italy I think is similar in suffering from poorly adjusted economic management, the whole of europe sharing the euro is not a good fit

The problem is that when a country has no product that it sells overseas for a lot of profit its usually stuck with the people inside and the changing of money from same person to same person. All countries need money from other countries to get by and some countries think that a bail out is a solution and they need to get help from other countries to get out of this but that is just one off help which won't solve the issue for a long period of time, it will return back being a bad situation when that money is finished.

Hence, Italy just needs products that they can sell to other countries to make a lot of money, think of apple where apple sells to whole world and brings in money to USA and pay a lot of taxes. Same applies to Italy, maybe not something as big as Apple of course but something at a more possible level where they sell something to whole world and bring in profits back to Italy will fix this issue.

this is also what i think.
i believe most of the scary stuff about recession we see nowadays is mostly the fear that the 2008 recession created in the minds of everyone and since it is so recent people still see it on every corner.

the real recession however is not something that you would read about that easily. it will be kept silent until the insiders get out or at least make some plans and preparations. then it will break out and go viral overnight.

Yeah, you're right. What the Italian government is doing it is a support to unemployment, which is conditional to job search and very strict conditions, not money given to those who do not want to do anything. A kind of help that most of the developed countries already have.

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.