Europe is run by Woke commie loons in Brussels & has become a nannystate hell bent on regulating themselves into oblivion.
And in the rampant flood of immigration of welfare seeking types with incompatible cultural & ethical motives & it's a recipe for a bleak future indeed.... Nice for a holiday... For now at least... But on the slow march down...
Eur-Oh! and as, at least as I recall, quipped many years ago "Europe is the world's largest outdoor museum." Just one more quote, Oscar Wilde said "The youth of America is their oldest tradition." Sadly now, debt is becoming America's oldest tradition...
Inflation in Europe is more than the official 2.5 % which your chart is showing. If ECB further lowers rates the inflation will shoot back up. Also, European bureaucrats are not known for investing into productive initiatives. Instead they invest into woke agenda.
My sister and her husband just came back from vacation in Italy. She said the country was uncomfortably packed with tourists, and Naples was filthy. She said that some locals told her that low-cost Chinese cars are now being manufactured in Italy and being passed off as Italian cars. I had read that Italy's economy had rebounded, but it appears that it's rebounding into a different kind of economy.
GDP is annual. Spending $7T to get $6T more productivity ever year for the next 50 years sounds like a bargain. It's much more complicated than that, but I'm not sure comparing the two tells us much
Europe is run by Woke commie loons in Brussels & has become a nannystate hell bent on regulating themselves into oblivion.
And in the rampant flood of immigration of welfare seeking types with incompatible cultural & ethical motives & it's a recipe for a bleak future indeed.... Nice for a holiday... For now at least... But on the slow march down...
It seems the "slow march" is accelerating.
Jesus....*rolls eyes"....
There's more than one kind of loon
Got something enlightening to add Erik? Or just some name calling because of hurty feelings?
Your petty, gross generations are a bigger problem for the country than anything you have an opinion on. Get a grip, champ
Which country pal? What's your substantive reply? Sounds like u have a grip on it for sure... Maybe give it some relief perhaps
Eur-Oh! and as, at least as I recall, quipped many years ago "Europe is the world's largest outdoor museum." Just one more quote, Oscar Wilde said "The youth of America is their oldest tradition." Sadly now, debt is becoming America's oldest tradition...
Inflation in Europe is more than the official 2.5 % which your chart is showing. If ECB further lowers rates the inflation will shoot back up. Also, European bureaucrats are not known for investing into productive initiatives. Instead they invest into woke agenda.
My sister and her husband just came back from vacation in Italy. She said the country was uncomfortably packed with tourists, and Naples was filthy. She said that some locals told her that low-cost Chinese cars are now being manufactured in Italy and being passed off as Italian cars. I had read that Italy's economy had rebounded, but it appears that it's rebounding into a different kind of economy.
It’s about the US current account deficit.
GDP is annual. Spending $7T to get $6T more productivity ever year for the next 50 years sounds like a bargain. It's much more complicated than that, but I'm not sure comparing the two tells us much
Always thought-provoking, Alf!
I think AI-fulled productivity is not showing up or captured well in productivity growth, so we can wait and see! Thank you!