Furthermore we are seeing major euro chemical corps taking preservation measures that may be a signal for a death spiral for the competitiveness of European capital. We also see leaders like Macron pissed that the US is in such a good spot relatively speaking. All of this is only getting harder to watch. The US truly is cannabalizing the west.
Hell even non vulnerable people cannot pay 2000-4000 euro’s all of a sudden. And this is just energy.
Food, gas, rent, everything is getting expensive.