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Europe’s economic engine is stalling: Germany deindustrializes (www.politico.eu)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 0 points 1 year ago (2 children)

Yeah this person just lined up a series of completely idiotic statements. The FED raising rates lowers inflation, and inflation in the US is back down to 3% as of this past quarter. They also claimed BRICS was taking off when it's literally quite the opposite. BRICS is never going to happen with its member countries basically in opposition of one another.

[–] [email protected] 3 points 1 year ago

BRICS is never going to happen with its member countries basically in opposition of one another.

Can you lay out precisely how its member countries are in opposition of one another?

[–] [email protected] -3 points 1 year ago

I think your assessment of what the Fed is doing is either based on underestimating the complexity of the monetary system or you've been misinformed by people who don't have your interests at heart. Please check this comment where I provide a source for my assessment of what the Fed is doing: https://lemmy.ml/comment/1684511