Europe is in deep shit (part 666): Enter Hitler

1930's....

Europe has been underperforming the US for 8 of the past 10 years. The fundamental outlook is going from bad to worse. Sell-side are doing their best to beat each other in terms of bearishness. Yardeni is taking the European bear story to the next level by introducing a Hitler-scenario:

"Eric and I have been looking for historical analogies to the current decade. Today, we need to consider a new historical analogy, i.e., the 1930s, which led up to World War II, which started on September 1, 1939, when Germany invaded Poland. The rest, as they say, is history. They also say that “history doesn't repeat itself, but it often rhymes.” Mark Twain said it first......Now we can also add a 1930s-style calamity into this catchall bucket for everything that could go seriously wrong."