77 sats \ 1 reply \ @IamSINGLE 19 Jul \ on: ECB Signals More Rate Cuts Ahead econ
The anti-inflation campaign has killed off a years-long rally in eurozone house prices. Several eurozone countries including Spain and Ireland have large numbers of people with adjustable-rate mortgages who have faced sticker shock when looking at their monthly payments. Meanwhile financing costs have risen for renewable energy projects such as wind turbines, a key part of the EU’s effort to reduce greenhouse gas emissions.
and then there is the fact that these madmen from Brussels have almost stifled construction with their climate regulation on the supply side. then there is the demographic cliff into which the european Union will now fall. less and less demand for housing, overcapacity, then at some point a downward price spiral. it's going to be fun
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