This can't be a surprise !
Some Europe is near a recession. No surprise here.How to make money from this information since banks already halved in anticipation?
Europe works like this
No growth
less tax receipts
Fixed Government expenses (or Growing like in Portugal)
Government increase taxes or new taxes on everything
less growth
people dissatisfied
government spends more money to calm the voters
No growth because the Government multiplier is below 1
In the US from time to time Trump, Bush Senior and Reagan cut taxes big time. In Europe no government ever cuts taxes.
How to play Europe?
yes you got it. short banks even if they are very cheap
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