The Eurozone Is Going Into A Recession

Ivan Martchev
1.79K Followers

Summary

  • The sanctions against Russia, as understandable as they may be, are likely to backfire in the eurozone due to their large trade relationship with the Russian Federation.
  • It would be a while before Europe can get alternative natural gas supplies, so this price spike can go higher.
  • The U.S. market is holding up so far. Recent U.S. lows may very well hold if there is a truce in Ukraine.

euro coins and the flag of the European Union

nito100/iStock via Getty Images

The sanctions against Russia, as understandable as they may be, are likely to backfire in the eurozone due to their large trade relationship with the Russian Federation. The Russians likely knew they were headed into a recession with

This article was written by

1.79K Followers
Ivan Martchev is an investment strategist with Navellier Private Client Group. Previously, Ivan served as editorial director at InvestorPlace Media. Ivan was editor of Louis Rukeyser's Mutual Funds Newsletter and associate editor of Personal Finance Newsletter. Ivan is also co-author of The Silk Road to Riches (Financial Times Press). The book provided analysis of geopolitical issues and investment strategy in natural resources and emerging markets with an emphasis on Asia. The book also correctly predicted the collapse in the U.S. real estate market, the rise of precious metals, and the resulting increased investor interest in emerging markets. Ivan’s commentaries have been published by MSNBC, The Motley Fool and others. Currently Ivan is a weekly editor of Navellier’s Market Mail and a contributor to Marketwatch.

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