4 ms·

> The COVID fiscal canon blew growth and inflation skyward. COVID is going on for two years now. What really changed is the Russia-Ukraine war, this goes with

> The COVID fiscal canon blew growth and inflation skyward. COVID is going on for two years now. What really changed is the Russia-Ukraine war, this goes with higher energy and higher food prices (most of the wheat and fertilizers come from that part of the world) that all that stuff trickles down, as they don't know how to fix the metrics now (i guess no one was prepared for such a turn of events...) Most of the metrics for inflation are based on some technicalities (you can fix that, that's why we hadn't much of an inflation), but it can't cope with fundamentals like food and energy.

chewz 4y ago
> What really changed is the Russia-Ukraine war, this goes with higher energy and higher food prices Green transformation is the real cause of high energy and food prices. EU's Fit for 55 gave Putin green light to invade Ukraine...
- andrepd 4y ago
  Lol, very much in the contrary. Had the EU invested heavily in a proper Green New Deal (in ~2010-11 for example, around the time recovery was needed, instead of implementing austerity), we would have robust economic growth instead of a decade of stagnation, and near complete independence of Russian oil and gas, so much so that we could turn the taps off on 24/Feb and suffer only mild consequences.
  - chewz 4y ago
    > Had the EU invested heavily in a proper Green New Deal (in ~2010-11 for example Meantime in the real world in 2021 EU made strategic decisions that guaranteed high food and energy prices for next couple of years and made Putin think that he has a window of when Eu is completely at his mercy. (Putin made a mistake short term. Long term he surely forced EU's hand to go for alternative sources of energy).
redisman 4y ago
As we transition out of the emergency mode of Covid the bill will be coming due at some point. Governments spent a whole lot of money to not generate any real work in the economy for two years

chewz 4y ago

> What really changed is the Russia-Ukraine war, this goes with higher energy and higher food prices Green transformation is the real cause of high energy and food prices. EU's Fit for 55 gave Putin green light to invade Ukraine...

andrepd 4y ago
Lol, very much in the contrary. Had the EU invested heavily in a proper Green New Deal (in ~2010-11 for example, around the time recovery was needed, instead of implementing austerity), we would have robust economic growth instead of a decade of stagnation, and near complete independence of Russian oil and gas, so much so that we could turn the taps off on 24/Feb and suffer only mild consequences.
- chewz 4y ago
  > Had the EU invested heavily in a proper Green New Deal (in ~2010-11 for example Meantime in the real world in 2021 EU made strategic decisions that guaranteed high food and energy prices for next couple of years and made Putin think that he has a window of when Eu is completely at his mercy. (Putin made a mistake short term. Long term he surely forced EU's hand to go for alternative sources of energy).

redisman 4y ago

As we transition out of the emergency mode of Covid the bill will be coming due at some point. Governments spent a whole lot of money to not generate any real work in the economy for two years