Jim Rickards said that germany is in a recession because their GDP in has declined throughout 2023. Germany has outsourced many things including car engines to hungary, just like the United States outsourcing many things to mexico and china.
Why can’t Germany make those engines like they used to? because the energy costs are too high.
James G. Rickards (29 September 1951) is an American lawyer, investment banker, media commentator, and author on matters of finance and precious metals.Thanks for Watching Plain Finance Reborn, share this video to your friends if you find it helpful. Subscribe to our channel for daily videos on Investing, Economy, Finance, Stock Market, Building Business, and more.
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