Disliked{quote} eu bullish to me. I think this could be it for the bears for a long while. {image}Ignored
Now China is locked down. In the near future, those luxury items bought from China/Asia customers is slowing. Such as beamers etc. If one is locked down from traveling to ones job. That leaves less $ to buy luxury stuff from the Ez. Less $ to buy ez cheeses, wine, travel, etc. When a country has a 2% economy. It dont take much trade cut to make that number negative. Its not just China/Asia affected. Australia relies on Asia for 71 % of its trade. Considering its economy size. It dont take much to shave a few points off. It dont take much to shave a point or 2 off the world economy. Everything is interconnected. If the world slows traveling, we all will feel it. Those Boeing jets are already hurting. Caterpillar is in line to tack a dump. Oil and so forth will take a hit.. Too many scenarios to think about. Did I mention GB markets weighted in oil related industry? Such as BP. WE wrap all the crap we buy in oil based plastic. Those jets run on kerosine (jet fuel). Baltic dry shipping is hurting. That will hurt Southern Europe. What about Russia's oil economy and the Middle East. Its all connected.
Less oil $ means less BMW demand. The eurozone economy today. Is not as safe as a chart, even 1 month ago appears. I'm not saying the sky is falling. I'm saying a cat 5 hurricane is on the radar. Its heading for us all. The ez is not as safe as it was. None of us are. Lets pray the hurricane dies before reaching the shore. If it does, we still should expect some rain and winds. Its coming whether we are ready or not. Wishful thinking is not going to stop this. Nobody but a fool can say what will happen with certainty. We haven't had a economy like this ever before. And we haven't had a pandemic to test us. I hope it dont this time.
those who can, do. those who cant, talk about those who can
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