The likely shutdown of all Russian gas to Germany this winter, resulting in a) 5-10X rise in home heating costs, and b) complete shutdown of many industries, resulting in a c) depression in the German (and thus European) economy
Yeah I feel like somehow the market has ignored that possibility. Although maybe that’s why the 10 year bond is down so low and the market is fighting the fed
You do realize that we live in a globalized economy and that a collapse of the German economy would have significant consequences for the world at large?
I feel OP is welcoming Germany’s demise as the Economic Powerhouse of Europe rather than suffering of people. Tho, both are linked because Germany is a net-importer of human capital and many will be forced to move back East, thus further pushing East Europe back into poverty.
