'This is a serious recession warning in the German economy'

Last week, another raft of German manufacturing sentiment data came out and the charts look ugly. Analysts are saying things like "grim," "misery," "horrific," and "this is a serious recession warning in the German economy." Because of its size and importance to world trade, if German manufacturing sneezes, everyone else can catch a cold. The single most worrying issue in the European economy right now is the ongoing collapse of German manufacturing. Last week, another raft of factory...