Mastodawn

Bernie Ecclestoned Jul 17, 2023

Europeans Are Becoming Poorer. ‘Yes, We’re All Worse Off.’

https://sh.itjust.works/post/1289706

Europeans Are Becoming Poorer. ‘Yes, We’re All Worse Off.’ - sh.itjust.works

An aging population that values its free time set the stage for economic stagnation. Then came Covid-19 and Russia’s war in Ukraine.

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photonic_sorcerer Jul 17, 2023

All this might just be part of the economic cycle. Similar shit as in 2008 and the 70s oil crisis

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cyd

You can see that it’s not cyclical from the US comparison. The US is subject to the same global economic environment and has decisively widened its lead.