It’s time after exactly 3 months for some new ramblings on Energy, Europe and of course the weather and other stuff.
Bad news everywhere:
The last few weeks felt like a new catastrophe is happening every week or so. Italian elections, the British Pound trading like a Shitcoin, Putin threatening the West with Nuclear Weapons, Energy prices for retail customers skyrocketing, potential Blackouts being a real issue in Europe this winter, steel and fertilizer companies shutting down in Europe, creating supply chain issues down the chain and in addition, rumors about regime change in China and/or preparations for an attack on Taiwan are surfacing every day.
I have been listening to some US podcasts and there seems to be consensus on that Europe is Toast. Even a comparison to the “Arab Spring” was made with the dire prediction that Governments will topple like Domino tiles. I don’t want to sound arrogant but one word of advice to my American readers: European countries are actually all Democracies and if people don’t like their leaders they will elect new ones.
The FT was just running an article about the coming Deindustrialization of Germany with the example of BASF threatening to “leave” Germany and Billionaire Ray Dalio thinks that Europeans are not working hard enough.
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