53 sats \ 14 replies \ @Satosora 25 Jul \ on: Eurozone Faces Deepening Recession as French Industry Suffers econ
@TomK, I feel you are always giving us some doom and gloom.
First Germany, now France.
Are they working on the reforms in any way?
i will praise these economies to the skies if even once a market economy reform, freedom rights are implemented or the sovereignty of the individual is realized. until then, unfortunately, there is the sad truth from the eurozone, which has become a socialist grand experiment. Communism was not developed in Europe for nothing, France and Germany, those who are implementing the Davosian catastrophe agenda one-to-one, are the modern representatives of a rainbow Stalinism that would have made even Karl Marx look pale.
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the problem with the eurozone is fundamental. there is no demonstrable monetary union of such diverse economies that has ever worked. the euro died in the great financial crisis of 2008-2009 and has been in intensive care ever since, being kept alive with ever more fresh liquidity and the purchase of government bonds by the ECB. if you ask the people, especially in southern europe, the enthusiasm is zero - the experiment will fade away and we will all see it happen
Pessimism is a human bias. You're either smart enough to detect this bias in your own thoughts or you're not.
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No shade man. I'm not a fan of europes economic policies either. But at some point you have to reflect whether you're being realistic or just just giving in into compulsive pessimism or whether you're doing clickbait on purpose. Nothing wrong with the latter but at least be honest with yourself.
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If you find the description of a recession tendentious, then you are in for a big surprise in the next few years.
But let me ask you another question: instead of spreading accusations here, can you derive anything positive from the eurozone economy? show me what's going well these days
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If you find the description of a recession tendentious, then you are in for a big surprise in the next few years
bears have predicted the last 10 out of 2 recessions. They happen every few years - you're not giving any insight whatsoever acknowledging that it will someday happen
can you derive anything positive from the eurozone economy? show me what's going well these days
Nice trap you're setting up there
We're dominating in aviation industrials. Mistral can almost keep up with american AI companies despite draconian overregulation. All cutting edge chips in the world are made with ASML lithography machines - literally a monopoly in one of the most important industries on earth. The CAC40 is at all time highs. The DAX40 is at all time highs.
It's by far not a rosy picture overall. But of course "anything" positive exists. "anything" is a low bar
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if you are seriously presenting me with stock indices as the state of the real economy, then you are just showing that you are conflating liquidity aspects with real economic aspects. think about that point very carefully and think about what we are all writing here about liquidity and central bank policy