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To: Rockingham

Sorry, fellow, but the German industrial inflation is close to 50%, highest since 1940s. It spells consumer hyperinflation in months, and the cascade collapse of the whole industries.


62 posted on 09/21/2022 6:46:16 AM PDT by NorseViking
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To: NorseViking

Standard data sources report the German consumer inflation rate as just under 8% and expected to hit double digits. Driven by energy costs, producer prices are last reported as 45.8%. Perhaps the Germans, even as stubborn as they are, will nevertheless now take the lesson that trusting Russia is foolish and that renewable energy may be virtuous but is a poor way to run an economy.


71 posted on 09/21/2022 8:49:59 AM PDT by Rockingham
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To: NorseViking

If the EU goes to an essentially command / wartime economy, immediate economic problems can be largely buffered and deferred. That cannot be maintained forever, of course, or they can end up like Venezuela or the Norks. Given their vast wealth available, I think the EU has ~5 years to work with. Blowing the lid off full and rapid development of their existing resources will be key. Whether they do that, of course, is another question.


76 posted on 09/21/2022 9:34:22 AM PDT by Paul R. (You know your pullets are dumb if they don't recognize a half Whopper as food!)
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