SPY - Wall Street Breakfast: Germany Teeters On Brink Of Recession
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Factory activity in Germany is slowing to levels last seen during the global financial crisis as the country's manufacturing PMI tumbled to 41.4 in September, from 43.5 the previous month. "The numbers are simply awful. All the uncertainty around trade wars, the outlook for the car industry and Brexit are paralyzing order books," said IHS Markit's principal economist Phil Smith. On its current trajectory, the German economy might