Manufacturing PMI Contraction1 Aug 2019 15:34
Spain - contraction
Italy - contraction
France - contraction
Germany - contraction
EU - contraction
UK - contraction
Recession - certainty
More QE - certainty
Lower rates - certainty
Falling stocks - certainty
Falling asset prices - certainty
Global problem - absolutely
So, back to what didn't work in the first place. The big difference is the debt pile. Bigger fan needed when TSHTF.