petit_bateau
Active Member
The data overall is quite worrying globally. And if Europe catches a nasty virus the effects will be global. This analysis is generic, not country-specific:Just FYI, the commodity futures/flows data is pointing to a gigantic energy deficit in Europe this winter.
Europe will probably be substituting oil for NG in generating power, likely elevating prices even with a recession curbing demand.
I expect a very large stagflationary recession in Europe coming up. The ECB hasn’t even gotten out of bed. While it’s likely that inflation is peaking in the US, IMHO, I think it could continue on to 15% or more in Europe, and the euro could fall to ~80¢.
They really are screwed TBH…
Stagflationary global debt crisis looms – and things will get much worse | Nouriel Roubini
There is ample reason to fear big economies such as the US face recession and financial turmoil
www.theguardian.com
(Personally I am in many ways indifferent to this. I have a mild preference for TSLA to stay low for at least 6-months.)