In today's post, Daniel Lacalle looks at the problems plaguing the eurozone. He says their major problems aren't China, rate hikes, or the Ukraine war.  Instead, he demonstrates that the curse of the eurozone is central planning. Subsidizing obsolete sectors and zombie firms, bloated government spending, and high taxes. ~Tim McMahon, editor The Eurozone Disaster: Between Stagnation and Stagflation The eurozone economy is more than weak. It is in deep contraction, and the data is staggering. The eurozone manufacturing purchasing managers’ index (PMI), compiled by S&P Global, fell to a three-month low of 43.1 in October, the sixteenth consecutive month of contraction. However, … [Read more...]