this post was submitted on 16 Jul 2023
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I think part of it could be US cannibalizing Europe right now by luring away industry which is creating a short term economic boost we're seeing.
Possibly! Which, in turn, would weaken the USs positive relationships with those countries as they're pressured on multiple fronts (losses from trade competition, fallout from the Russian conflict, growing unrest from within the country) and thus accelerate dedollarization and then inflation. That would take time, though, and require another point of rupture that I certainly can't predict!
indeed