Keep Your Eye on Europe
The Rhine River is adding to Europe’s economic woes … assessing the impact of an international slowdown on the SP … is Wall Street expecting too much dovishness from the Fed? Europe’s impending recession is about to get much worse. To understand why, let’s turn our attention to the Rhine, which is Europe’s longest, and arguably, most important river. It flows through six countries – Switzerland, Liechtenstein, Austria, Germany, France and the Netherlands – before dumping into the North Sea near Rotterdam. It also serves as a key European trade route, responsible for roughly $80 billion in annual commerce, as well as the daily trade of hundreds of thousands of barrels of oil products. Source: Shutterstock The problem is it’s drying up. The water-levels are so low they’re nearly impassable for trade barges in certain areas. This is threatening to tighten the chokehold around a frail European economy that’s already gasping from the pandemic and drastically-lowered energy imports from Russia.
Keep Your Eye on Europe
The Rhine River is adding to Europe’s economic woes … assessing the impact of an international slowdown on the SP … is Wall Street expecting too much dovishness from the Fed? Europe’s impending recession is about to get much worse. To understand why, let’s turn our attention to the Rhine, which is Europe’s longest, and arguably, most important river. It flows through six countries – Switzerland, Liechtenstein, Austria, Germany, France and the Netherlands – before dumping into the North Sea near Rotterdam. It also serves as a key European trade route, responsible for roughly $80 billion in annual commerce, as well as the daily trade of hundreds of thousands of barrels of oil products. Source: Shutterstock The problem is it’s drying up. The water-levels are so low they’re nearly impassable for trade barges in certain areas. This is threatening to tighten the chokehold around a frail European economy that’s already gasping from the pandemic and drastically-lowered energy imports from Russia.