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Funny as from Europe it looks like that in the US from what we hear and read. It's like the US is falling apart. Maybe generally most places are having a bad t
by sschueller 6y ago
Funny as from Europe it looks like that in the US from what we hear and read. It's like the US is falling apart.
Maybe generally most places are having a bad time with the pandemic and recession that is coming.
- astrange 6y agoThe US isn't going to have a recession this year - things look positive, and the faster we do vaccinations the more positive they'll be. This is mostly because we learned from our 2008 mistakes and are much better at stimulus now (hint: never listen to Larry Summers.) The EU and Japan are going to be the ones with issues.
- kazen44 6y agoah yes, it has nothing to do with the petrodollar and the fact that the US can eat inflation thanks to being the world reserve currency.
- astrange 6y agoIt’s because the EU and Japan are doing badly at vaccines. I said nothing about their economic policies. It does have nothing to do with that though, just as you say. I’ll change my mind if Japan ever experiences hyperinflation from too much stimulus though!
- astrange 6y agoEdit timer is pretty short. Source is OECD projections: https://twitter.com/jasonfurman/status/1369273724743127046 https://twitter.com/jasonfurman/status/1369273724743127046
- imtringued 6y agoThe US is falling apart right now and EU will soon follow. However, once Biden passes the $3 trillion infrastructure program the positions will reverse and the USA will leave the EU in the dust. Extreme opinion: All the printed dollars should have been put into infrastructure.
- 908B64B197 6y agoIf you are a qualified engineer in Europe, there are a lot of people who have a vested interest in making sure you think that the US is failing apart.