Starting today, Europe is in economic crisis

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Hi,

if you ever wandered when the next crisis would hit, I can tell you that it is official today, at least in Europe.

Today most European car manufacturers halted production, some for two weeks some for an undefined period. This will bring the crisis as it will hit first the employees who will receive less wages and the suppliers who will probably stop in the next two weeks also the production.

As we are global connected all it is going to be affected. Now there are some ship on the sea, feeding the supply chain, but the supply chain is broken at the end, where the input for it comes.

I think that millions will lose their jobs in the next 2-3 months and it will come to a lot of foreclosures and bankruptcies.

I hope that it will be better than 2008 and that we will not face any war or anything close to that.

Politicians will face a hard time in the next months and they shall come at least with one positive scenario.



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