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Is Europe Sliding Towards Stagflation?
Is Europe Sliding Towards Stagflation?
Authored by Daniel Lacalle,
Europe is not yet in recession, but the latest business and consumer surveys show that the risk is no longer remote.
The euro area’s flash composite PMI fell to 48.6 in April from 50.7 in March, moving below the 50 threshold that separates expansion from contraction and signalling a quarterly GDP decline of around 0.1 per cent after a 0.2 per cent gain in the first quarter, according to S&P Global Market Intelligence.
At the same time, the European Commission’s flash consumer-confidence indicator dropped to -20.6 in the...
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Mar 11, 2026 / Dave DeCamp
Sen. Blumenthal Says US ‘Seems To Be on a Path’ Toward Putting Troops in Iran
Sen. Richard Blumenthal (D-CT) said on Tuesday that the US “seems to be on a path” toward deploying troops to Iran, comments he made after a classified briefing for members of the Senate Armed Services Committee. “We seem to be on a path toward deploying American troops on the ground in Iran to accomplish any […]
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Apr 6, 2026 / Tyler Durden
The Debt Spiral Ends In Dollar Destruction: 6 Hard Truths America Can No Longer Ignore
The Debt Spiral Ends In Dollar Destruction: 6 Hard Truths America Can No Longer Ignore
Authored by Nick Giambruno via Doug Casey's International Man,
“Whenever governments are granted power to purchase their own debt, they never fail to do so, eventually destroying the value of the currency.” – Ron Paul
Let’s take a step back and look at the big picture so we can assess the US government’s financial situation, where it’s likely headed, and what these trends could mean.
Observation #1: It’s Politically Impossible To Cut Spending
Among the biggest expenditures for the...
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Mar 23, 2026 / Dave DeCamp
US Pilot Suffered Shrapnel Wounds After F-35 Hit Over Iran
A US Air Force pilot suffered shrapnel wounds when a US F-35 fighter jet was struck while flying over Iran last week, Air and Space Forces Magazine has reported, citing people familiar with the matter. US Central Command (CENTCOM) hasn’t shared any details about the incident other than acknowledging that the F-35 was hit, made […]
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