Capital Fleeing Eurozone Fast (Patreon)

Quick Notes, and I am sorry they are not positive for the Eurozone. I always say follow the money and the smart money is leaving Europe rapidly. 

• The outflows from European-focused ETFs are the biggest in at least 15 years
• Money managers like Blackrock yanked $3.4 billion from European stock funds in the week through Sept. 7
• Newly hawkish ECB - raising rates in a recession will hurt.
• Debt-ridden governments are forced to subsidize programs (eg UK in today’s video)
• Many EU Govts heading for debt to GDP ratios of around 150%
• Finland facing an “energy-industry Lehman Brothers” moment, warnings that a complete shutoff of Russian gas will plunge the country into recession
• All told, the situation for financial assets in Europe looks grimmer than in other parts of the world

Graphic from Sanjay - :D