December/January 2018-2019 - Bubbles and Bottoms for Companies -

The Eurozone Industrial Production has fallen off a cliff last quarter, led by a massive 4.7% decline in German Industrial Production. It has been the largest year over year decline since late 2012, at the height of the PIIGS (Portugal, Italy, Ireland, Greece, Spain) crisis. The German decline`s equivalent goes back even further, all the way to 2009, during the financial crisis.

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