4 sats \ 0 replies \ @om 1 Jul 2022
Check out "The European Central Bank is Trapped. Here’s Why" by Lyn Alden.
tl;dr rate hike -> Italy is about to default -> oops let's print more money
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3 sats \ 0 replies \ @faithandcredit 1 Jul 2022
I'm hoping for the best but things do not look good for Europe rn. If you live in Europe you need to start your own garden at the very least :) don't have to worry about inflation and such as much then. You can also learn foraging and wild edibles. Humans can actually sustain themselves on grass :) I mean it's useful to know because you never know these days. The idea of eating grass and dandelions is repulsive to some ppl but to me it's liberating. Knowing what options there are in worst case scenarios. I also think its fun when going for a walk to look for and identify the various edibles even tho i am not currently eating any. Have a nice day.
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0 sats \ 0 replies \ @zuspotirko 1 Jul 2022
Very curious what the future might bring. I think there is a severe risk that Europe might become a high-inflation economy but I can also imagine a scenario where the main harm isn't just the inflation but the inflation with high volatility in all metrics.
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