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Joined il y a 3 ans
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Cake day: 9 juin 2023

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  • 2/3 of global trade is done in US dollars. However a lot of that has currency risk, like say Chinese companies paying their Chinese workers in yuan. So if the dollar looses value compared to other currencies, the old contracts can lead to exporters selling their products for less then they are worth. That is not a good situation to be in for a lot of companies.

    In other words Northern Rock would be a joke compared to this.













  • And, of course, the crooked politicians here in Europe are actually following America more than China in this.

    That is much less the case then it might appear. Out of the Top10 largest EV makers three are European(Volkswagen, BMW and Stellantis). When you look at wind, Europe has a few of the largest companies in the world. Europe is also basically the only place even attempting to compete with China in batteries, since Trump cut US support for that industry. There are plenty of more niche industries as well, in which Europe has some very strong companies.