FAST FIVE: Europe's First Major Cold Snap Of The Season Is Imminent

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By the end of the week, average temperatures will rise to a 30-year trendline of about 36 degrees Fahrenheit but then start heading lower into early December.

For East Europe, a significant cold snap is shaping up for early December.

After months of decline, power prices in both countries could be set for an incline as cold weather sets in.  EU NatGas prices were slightly higher and have shown signs of a potential bottom after plunging by more than 63% since the August high.

Something we have not seen in decades.

Indeed, the looming recession will be as deep as the incoming winter gets cold.

Categories: ZH