I have shown previous recessions and market depressions for past 50 years and behaviour of #DXY. Blue bars patter copies DXY rally after 1980 recession.
The Wall Street Journal reports that due to soaring gas prices, European companies that produce steel, fertilizers and other raw materials for economic activity are moving their activities to the United States, where energy prices are more stable and government support is strong.
As a result, executives say the balance is increasingly tilting in favor of the United States, especially for companies with projects in chemicals, batteries and other energy-intensive products.
In the United States, they openly say that Europe is paying for the support of Ukraine with its own economy. In the United States, this does not bother anyone - just business, nothing personal, but behind this news two long-term trends are visible at once:
First, Washington accumulates modern industrial facilities and highly qualified employees from the EU countries on its territory. Why this is being done is understandable: in the near future, the conflict with China will enter an acute phase, the US authorities want to enter this crisis as prepared as possible and with minimal dependence on China's industry.
Secondly, Europe as an industrial and scientific center in the United States was put an end to - the Old World is destined for the fate of a supplier of hands, brains and technology for the New World, the rest is of no interest to anyone.
tgreg
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@IzvanIvan, US wants that, that production and services are moved to US. It's perfect move for them on this chessboard.
As a result, executives say the balance is increasingly tilting in favor of the United States, especially for companies with projects in chemicals, batteries and other energy-intensive products.
In the United States, they openly say that Europe is paying for the support of Ukraine with its own economy. In the United States, this does not bother anyone - just business, nothing personal, but behind this news two long-term trends are visible at once:
First, Washington accumulates modern industrial facilities and highly qualified employees from the EU countries on its territory. Why this is being done is understandable: in the near future, the conflict with China will enter an acute phase, the US authorities want to enter this crisis as prepared as possible and with minimal dependence on China's industry.
Secondly, Europe as an industrial and scientific center in the United States was put an end to - the Old World is destined for the fate of a supplier of hands, brains and technology for the New World, the rest is of no interest to anyone.