Wednesday, February 1, 2023

"Shallow And Delayed" -- European De-Industrialization -- February 1, 2023

Yahoo!Finance morning brief: "shallow and delayed."

****************************
European De-Industrialization

Themes: link here

European de-industrialization:

We started talking about European de-industrialization last year (2022). The story is now being picked up by edgier sites and will eventually become a mainstream media business story. 

Biden got the message, signing off on two huge MAGA bills:

  • "the chip act"
  • "IRA" -- the inflation reduction act -- in fact, an end to the globalization movement that was begun under the Bill Clinton administration

The US has three advantages:

  • an entrepreneurial spirit
  • unlimited, inexpensive, accessible, multiple sources of energy
  • relative to rest of world: population growing; young, smart workers

Now, this, today, link here

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.