Posted on 07/17/2023 6:48:08 PM PDT by UMCRevMom@aol.com
Update from Ukraine | Kerch Bridge Kaboom | Grain Deal Cancelled | Ruzzia Lost again https://www.youtube.com/watch?v=b95zlfbW9yE
The summary of the situation of Russian re-invasion to Ukraine covering the last 48 hours, as of 12th July 2023 – 22:00
https://militaryland.net/news/invasion-day-504-summary/
*** Great interactive map with viewer controlled Map magnification tool to use for each Front!
https://militaryland.net/maps/
One reads, as an example: "In the past, the continent's formidable export industry might have come to the rescue. But a sluggish recovery in China, a critical market for Europe, is undermining that growth pillar. High energy costs and rampant inflation at a level not seen since the 1970s are dulling manufacturers’ price advantage in international markets and smashing the continent's once-harmonious labor relations. As global trade cools, Europe's heavy reliance on exports—which account for about 50% of eurozone GDP versus 10% for the U.S.—is becoming a weakness."
"Europeans Are Becoming Poorer. ‘Yes, We're All Worse Off.’"
Source: https://www.wsj.com/articles/europeans-poorer-inflation-economy-255eb629
Similarly: "Energy market dynamics in 2023 will be just as challenging for Europe as in 2022, and input costs will remain high for years. This will make some industries uncompetitive, leading to a loss of global market share."
Source: https://www.eiu.com/n/campaigns/europe-outlook-2023/
"The Western European economy was weighed down by high energy prices over the winter period. The first quarter of 2023 brought some relief, though GDP was largely stagnant."
Source: https://www.jpmorgan.com/insights/research-mid-year-outlook
CNBC publishes: "A U.S. recession is coming this year, HSBC Asset Management warns — with Europe to follow in 2024"
Source: https://www.cnbc.com/2023/06/27/hsbc-global-economies-are-out-of-sync-2024-will-be-a-year-of-contraction.html
Looking to the "Nominal and real wage growth (consumer wages)" in "The euro area economic outlook" is interesting.
Source: https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230106~1729730341.en.pdf
Thus, "business seems to be doing very well" is an individual's assertion against another's individual assertion, "My electric bill went from ~80 Euros per month pre-sanctions to ~200."
From all our neighbors and friends from the decades my wife and lived in Germany, I reject the anecdote "business seems to be doing very well" based on their consistent tales of rising costs and more.
It comes to this. In the "Ukraine" threads -- complete with comments removed in an inordinate amount compared to other threads -- the assertions that 'everything goes well' seems disingenuous with a purpose, and that purpose is to bolster money being sent to the Zelensky administration, as, in this thread's case, money being amassed by a YouTube blogger. It's about money.
I will take the WSJ, EIU, JPMorgan, CNBC and ECB assesments of Europe's current economic problems over a single comment, "business seems to be doing very well."
"Europeans Are Becoming Poorer. ‘Yes, We're All Worse Off.’" the favored blogger "seems to be doing very well."
"$ 97.1K
LAST 90 DAYS
Source: Source: https://tz.youtubers.me/denys-davydov/youtube-estimated-earnings/en
Putting that into a Free Republic perspective, mom's Davidov is besting the donations amount from all those Freepers who donate to this forum.
If European consumption is a metric, then Spanish tourism seems an excellent proxy for it. Tourism is apparently smashing records. Through April its exceeded the pre-pandemic record already, in numbers and money.
Most of Spanish tourism is from Europe. So a record number of Europeans are heading down here to spend money.
I find that a bit difficult to square with doom and gloom.
Even your compadre Lindsey Graham calls out the US war crimes in Ukraine.
https://twitter.com/kimdotcom/status/1681133771716980736?s=46&t=oXM3QUNDayEotvdo1W-zQA
Jim Robinson said no insults.
The WSJ, CNBC, and other sourced info disagree with your assumption.
"BASF is cutting back at its main site in Germany"
Source: https://cen.acs.org/business/finance/BASF-cutting-back-main-site/101/web/2023/02
"Euro zone business growth slowed in May as factories struggled"
Source: https://www.reuters.com/markets/europe/euro-zone-business-growth-slowed-may-factories-struggled-pmi-2023-06-05/
"Manufacturing is sputtering in the world's largest economies"
Source: https://www.cnn.com/2023/06/11/economy/global-manufacturing-sputtering-economies/index.html
"Many European sectors will suffer from a weak economy in 2023"
Source: https://think.ing.com/articles/many-european-sectors-will-suffer-from-a-weak-economy-2023/
"Energy crisis chips away at Europe's industrial might"
Source: https://www.euronews.com/next/2022/11/02/ukraine-crisis-europe-industrials
"Euro zone business growth slowed in May as factories struggled"
https://www.reuters.com/markets/europe/euro-zone-business-growth-slowed-may-factories-struggled-pmi-2023-06-05/
"Economic slowdown likely to force workers to accept lower quality jobs"
Source: https://www.ilo.org/global/about-the-ilo/newsroom/news/WCMS_865256/lang--en/index.htm
As to that tourism which comforts you, one learns: " In 2021, the average salary peaked in December at 1,512 euros, while it amounted to nearly 2,100 euros in the same month of 2019. By contrast, tourism employees in Italy reported the lowest average salary of 2021 in March, at 649 euros."
Source: https://www.statista.com/statistics/706434/monthly-salary-of-employees-working-for-tourism-industry-italy/
"The estimated salary for a Tourism is €1,286 per month in the Spain area. This number represents the median...."
Source: https://www.glassdoor.com/Salaries/spain-tourism-salary-SRCH_IL.0,5_IN219_KO6,13.htm
One observes two things from your response. 1) You reply with another anecdote, while the actual average tourism industry employee seems to be a very low income. What sources have you to tell the tourism industry's individual workers are "doing well?"
2) You ignore the topic of the thread's first post and his "$ 97.1K" in "LAST 90 DAYS."
Some Europeans are doing well, Many are not. You might be doing well. The receptionist at the hotel you visit is likely not doing as well. But Danilov -- the original theme source for this thread -- is doing very well indeed. Probably a lot better than you, unless you are earning more than $32,000 a month. Are you?
I leave the source for that for you again, because it is likely you haven't reflected on the information.
https://tz.youtubers.me/denys-davydov/youtube-estimated-earnings/en
Italian tourism set to smash records in 2023
https://www.panorama.it/economia/italia-turismo-2023
Yes, I can read Italian fairly well.
I find that hard to square with doom&gloom. Personally, I can say is that it’s a good thing we didn’t go to Italy this year. Apparently impossible to get hotels.
All in, the European sectoral results are between decent and good.
Going back, my initial comment was about EU manufacturing performance, which is overall substantially up from pre-Covid and not notably down from 2022. The response I got was anecdotal. I responded anecdotally.
If you want to go to stats, let’s. Some of the stories you are posting, BTW, are 2022 forecasts, not 2023 actuals.
source: https://www.payscale.com/research/IT/Industry=Tourism_Bureau/Salary
"Average salary for Hotels & Tourism / Italy is €48,152 EUR per year. The most typical earning is €20,548 EUR."
Source: https://www.averagesalarysurvey.com/hotels-tourism/italy
One reads: "“The average Italian here makes about 20,000 euros a year [$21,400],” he told me. He's likely talking about those working in the service industry. An average salary in Italy in 2021 was about 29,000 euros (about $31,000), according to OECD statistics. That's still below the European Union average of about 33,000 euros. "
"In "Italy is a bargain for vacationing Americans. Not so much for Italians"
https://www.cnbc.com/2023/06/05/italy-is-a-bargain-for-vacationing-americans-not-so-much-for-italians.html
So "smashing records" while the average employee in tourism in Italy is less than €50K is a bit "let them eat cake," friend.
By the way, since we are certain that tourism workers in Italy as in Spain are earning on average less than that €50K, perhaps they all need to start blogging with YouTube channels earning more than $30K a month.
Are you earning $30K a month? if not, you need to follow Danilov's example. He'll show you how it's done.
WorldTraveler brutally cleaned your clock with facts and figures that show precisely the opposite of what you say.
No response to his killer comment about Davydov, eh? Why is that draft dodging pig not fighting for his country but is instead partying in Switzerland and making crazy money by dropping propaganda while some poor sap fights in his place?
I am thoroughly retired!
And moreover I am a US taxpayer, as my income is all from US sources.
Tourism salaries have always been low. Theres not a lot of money in being bartenders or waiters. It was the same in 1923 as in 2023. Or in the US or Europe. But that’s not the point. Its the fact that Euro people are spending record money this year to be tourists. Consumption.
And most tourists here aren’t Americans, but Euros.
"Industrial production down by 4.1% in the euro area and by 3.6% in the EU" --- from March 2023 compared with February 2023
Published: 15 May 2023 ACTUAL
Source: https://ec.europa.eu/eurostat/documents/2995521/16668118/4-15052023-AP-EN.pdf/0d316a04-67f0-8640-962f-f125cf05a8f9
And then your source: "Industrial production up by 0.2% in the euro area and by 0.1% in the EU" --- 13 July 2023
The disparity? Because these reports are "March 2023 compared with February 2023" and "May 2023 compared with April 2023." They are comparative to last year. And so up and down and up and down. One reads under the "up" headline, "Down by 2.2% in the euro area and by 1.8% in the EU compared with May 2022."
Reading closely, "In May 2023 compared with May 2022, industrial production decreased by 2.2% in the euro area and by 1.8% in the EU." And then from the other Eurostat: "In March 2023 compared with March 2022, industrial production decreased by 1.4% in the euro area and by 1.3% in the EU."
Sarc yourself.
There is more money coming in for most of you than ever. Don’t cry to me of mass suffering, because its not there.
Else there wouldn’t be these hordes of people coming to spend money. Where did they get it, I wonder?
WT cherry picked stories. So did you. This is a practice perfected, BTW, by the left.
Years ago they created the SOP of waving away general prosperity by cherry picking pockets of misery, which there always are. Perhaps their greatest success was in the 1992 election. The press was all about the homeless. You know, when GHW Bush lost to Bill Clinton in the middle of a healthy recovery.
Look at the “terrible” state of 2022/23 vs 2018/2019. Or not, its impossible to make a gloomy case. Its up and down month by month. I gave you the latest published doc, with recent years data.
This doesn’t look like a manufacturing disaster to me.
YOUR source: "13 July 2023" -- "In May 2023 compared with May 2022, industrial production decreased by 2.2% in the euro area and by 1.8% in the EU."
Perhaps modeling yourself after Danilov's productivity would be a good thing? After all, $ 97,100.00 in the last ninety days is exemplary, isn't it?
That's sure a heftier take that Free Republic's quarterly fund drive. By the way, have you contributed to FR recently?There's is a fund drive going on.
“”””Even your compadre Lindsey Graham calls out the US war crimes in Ukraine.””””
You are very confused, watch the video, Graham is calling out Russian war crimes using cluster bombs against civilians, there aren’t any American war crimes in Ukraine.
One month is not significant. We are looking at a random walk. Look at the overall data and the trend.
Personally, I don’t need to work. I rest on my less ample than before bottom (I hope), eating peeled grapes and etc. Figuratively of course. I complain of crowds and heat at the seaside at Biarritz, along with the richer fraction of Europe.
Ive just been to Asia and the US this year, plus a thunder run through cities of Northern Spain. Flipping the bird to climate neurotics all the while. What suffering.
I am, I think, much richer than Danilov, and I wish him well.
Looks like I missed a fun thread…
Oh, and download the pdf. So many don’t bother.
You Ukies never stop with the word-twisting. I really think you all have the same handbook. So disingenuous.
Some here say that the Mods go looking around for oats to delete and just arbitrarily decide to remove them.
Anybody who’s been paying attention knows that the leader of the consortium hits the heck out of that Abuse button several times a day to get posts that don’t fit the narrative removed. And you *do* know that there are Mods who do this, do you not?
I think you do know but now you get a at on the head and a treat from your master for posting your nonsense, don’t you?
Good boy!
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