The US economy is the best of a bad bunch.
The Eurozone economy is the worst.
Why is it so bad~?….
Because we seem to be moving into a era of government controlled economies (and the Eurozone doesn’t have a government).
The US is looking more solid. This is very bad news, as `they` will think that they have done marvelously well in making everything turn out alright.
They will have less regard for systemic problems that still exist,
and will take their eye off the future to revel in the present.
Where it may be said to be good for individuals to revel in the present,
`they` are paid to keep an eye on the future.
Germany is planning. Planning a system whereby everyone has to be more like Germans.
This is their line in the sand………If you don’t want to play the game the way we play it, we cannot integrate with us (and we will not pay your bills~!).
Probably most politicians wish that their people were more like Germans,
but not many of the people want to be like Germans.
I think `the economy` (if it really exists), is something that no one has ever understood….
….and it did not matter, after all, everything was going well enough and if things did seem to go wrong…….well, someone did something and it all turned out well enough.
Now, so many things are going wrong, that it is rather more important to find the people who may know what is wrong.
It won’t be one person. It won’t be a group of people (because no one knows enough to know which people to make up the group).
It won’t be `the normal suspects`……that is for sure.
Who will it be~?
I suspect that no one will ever be found, but `the normal suspects` will go on playing.
The problem is, that now, their playing is not neutral…It may be a matter of life and death.
This was `the old system` – Deflate and may the best man win……but that was in the times of manufacturing. Now the `best men` are all invested in the FIRE economy, so would all lose……(and that would not do~!)