Furthermore we are seeing major euro chemical corps taking preservation measures that may be a signal for a death spiral for the competitiveness of European capital. We also see leaders like Macron pissed that the US is in such a good spot relatively speaking. All of this is only getting harder to watch. The US truly is cannabalizing the west.
Remember back in 2003, when the Bush administration made a big stink about France not joining in on the invasion of Iraq? On the grounds that “America defends Europe, Europe needs to return the favor?”
Guess “defends” always meant “keep as an economic buffer zone in case the US economy shows signs of going belly-up.”