A global recession is on the horizon - please read OP for mod warning

Lol, I see everyone is rowing in the same direction.....as usual

not discussing it will mean that they won’t be able to say I told you so and prove that they are more clever than the average man on the street… Eventually they may be right and at that point they probably won’t get that feeling of superiority that they are craving and instead wonder why they wasted so much time.

Since it feature heavily in your previous post: I am glad that the EU took the actions and sanctions that they did on Russia. Sometimes you need to make a stand against tyranny on your doorstep - even at an economic cost. Were they perfect? No, sanctions never are. It simply couldn't be business as usual anymore though. Were the likes of Germany naive in putting all of their eggs in one basket? Absolutely. Better late than never though.

Germany probably came out of its gas contract with Russia having saved a few trillion over the decades, minus the billions in costs when the gravy train eventually did crash.

End result of the 'naivety' being massive savings/profit.

They were still naive though (or worse, in the case of Gerhard Shroder). Much like they were naive about shutting down all of their nuclear power plants but that's probably a discussion for a different thread.

This isn't over. They still need to make a switch fully away from, while maintaining an industrial base that was built upon, cheap Russian gas. If they can pull that trick off then fair enough but it's going to take a number of years before we can say for sure.

Well if its not over, and Germany have net profited thus far, then wheres the naive?

I mean naive would generally require being done over by someone in some way or other.

And to have been done over as a result of this deal would require some figure of losses on par with the gains which Germany has made since the 80's. Which must be in the hundreds of billions.

So until that day comes, until at least even -$1 net is achieved, then where is the victim exactly? Ha ha Germany, you made lots of money. How naive of you.

Long gone into education, industry and attracting fdi. The money swilling around Germany has long attracted yet more money again, as money tends to do.

the oft parroted contention is that Germany was naive, that the German govt and industry leaders somehow didn't see what the strategic geniuses in the youtube comments section could.

but the problem we have is that naivety would surely require a net loss of some kind.

And Germany has been benefitting in their gas deal from a time before these internet parrots were even born. To a sum far exceeding the losses which the parrots point to. Which doesn't fit the naivety narrative.

Like so much bullsht its never questioned, just parroted, Germany was naive and thats it. Nothing about the hundreds of billions saved by using cheap Russian gas for literal decades. Europes going to freeze. Russia has an awesome military. Germany was naive to do business with Russia. No context outside of this year. No investigation. No thought. Is it a fact, I don't know but everyone else is saying it so therefore it obviously has merit. Let me parrot it some more.

Very well.

However I will point out that those who are calling Germany naive, despite the large profits thus far, are doing so on the basis of a predicted future result.

i.e. you have been labelled naive today because I (being both reasonable and not at all arrogant) can foresee a future result (which experts still speculate about).

So you are pre-established as stupid based on my future prediction. And whether my prediction is in any way correct or not doesn't matter, and if its wrong it just disappears into the ether and there's no consequence for me.

Great.

interesting one from the good ould folks at the imf.....

no wonder we re seeing a dramatic increase in corporate taxes!

...jesus theyre just atrocious, who the fcuk are they codding!

Climate change does affect inflation, they have to cut down carbon sequestering trees in order to create paper that they then use to print magical money that in turn creates inflation - is this what she is trying to say.

Absolute jokers to the highest degree, would be aswell of with Barney or the Moor Begs running the ECB.

**** jokers

She says climate change affects inflation, which it does.

For example, climate change can affect food prices, which affects inflation

Your Twitter link rephrases it and scoffs at that, a view you repeat. Having a quick look at the source and it's another one of these generic, anti-Western, anti-NATO, fringe randomers. Which itself is part of a pattern.

In just 13 working days since the US debt ceiling was suspended they have added nearly $800 billion of new debt to the pot.