• LeninsRage [he/him]
      ·
      2 years ago

      Oil Shock 3.0

      Fed is jacking up interest rates to control inflation, European manufacturing is in a very serious energy crisis and becoming uncompetitive, nobody has any answers that can resolve this right now

      • edge [he/him]
        ·
        edit-2
        2 years ago

        nobody has any answers that can resolve this right now

        Literally just stop sanctioning Russia. They did this to themselves and they can undo it easily.

        • CommunistBear [he/him]
          ·
          2 years ago

          The Nordstream attacks weren't against Russia. They were against Germany. In case they were having second thoughts on saving their industry with Russian gas

      • jabrd [he/him]
        ·
        2 years ago

        Famously Marx was like “yeah this economics stuff is all hokum, you shouldn’t waste any time studying or trying to understand it.”

        • Frank [he/him, he/him]
          ·
          2 years ago

          Explaining the bible from a historical materialist lens is like explaining economics from a marxist lens. They're both defining religious texts that reflect the beliefs and norms of the cultures in which they were created.

        • betelgeuse [comrade/them]
          ·
          2 years ago

          Yes. People are fleeing other currencies because they are "weaker", driving down the price. There is no confidence in the future of those countries.