this post was submitted on 13 Feb 2024
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chapotraphouse
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usa is eating euro businesses, why on earth would they enter recession. They can either get some credit shock (likely, but same as every other year) or implosion of consumption by way of eu recession (seems unlikely, but who knows what eu will do)
Maybe because they're spread out too thin and quickly losing control over the global south, the place they have raped and pillaged for all their wealth for as long as capitalism has plagued the world.
Global south is getting dicked by interest rates, so they are ready to sell commodities at cheap-ish prices, and buy dear, same as usual. Nobody is wilding out at the system (defaulting/ignoring ip laws etc)