Back in April I told you that Germany was a “Dead Economy Walking.” Today I get to tell you that it’s legs are gone. This morning’s manufacturing PMI print was the worst news Angela Merkel could have imagined, 41.4. A figure so awful dogs will want to roll on it.
![](https://i2.wp.com/tomluongo.me/wp-content/uploads/2019/09/image-8.png?zoom=1.5625&w=616&ssl=1)
https://tomluongo.me/2019/09/23/germany-collapse-accelerates-europe/