You're just interested

No worry

@Notso yes but much EU debt is correlated to the US

Also, what bubble is popping this time around?

@Calzilla the fiat one

However you are right

Germany was relatively unaffected

I'm only saying if the US goes into recession again
The more stable european states will be fine

By 2008

They wouldn't be *unaffected*

I'm talking about 2008

Not now

*now is a totally different situation*

But it wouldn't be 1930s bread lines and taking barrels full of money to get essentials

Nothing says there can't be a european collapse either (or caused by an American one)

America had become the world financial centre so of course it will cause ripples throughout the world but at least western and northern europe are good enough to weather most purely American issues

>Norway's and Sweden's private debts

Debt to whom again

~~the jews~~ Private entities

And high levels of country debt isn't necessarily bad so long as there is economic growth
I do not worry about Chinese or American debt for that reason

Household debt to income in Norway

Wew

Really not a big change

If that's swedish numbers

Stable since 4q17

Swedish household debts exceeded 3.8 trillion SEK

Around 3 trillion of that is mortgage loans

In 2017

Anyway

Back to the EU and Germany

Germany is still fucked if the US economy is

(Technically) they are already in recession

https://www.reuters.com/article/us-germany-economy-pmi/german-manufacturing-recession-deepens-growth-outlook-darkens-idUSKBN1WG36M

The German economy is an export based one

The US being the world's largest consumer economies (second largest exporter to the EU, I'll get to the EU later)