EDITOR'S NOTE: The world's financial system came to a halt and policymakers came with many restrictions and stringent rules, including Basel-III norms…. The reason for going back in time is Credit Suisse.
cfo.economictimes.indiatimes.com
Europe needs its industrial companies to save energy amid soaring costs and shrinking supplies, and they are delivering - demand for natural gas and electricity both fell in the past quarter.
www.reuters.com
Thanks for providing the sources. With your permission, let's put some clarity on those claims, as for your words it seems "west" is facing it's collapse anytime soon....
First, Credit Suisse crisis started in 2008 and it was falling with no end until today, just take a look to their
historical stock price. In this
article we can find an explanation for it:
Credit Suisse has made several risky bets and ended up losing a lot of investor money. That, in turn, has hurt its profitability, eroded investor confidence, and has made raising fresh capital costlier.
In the other hand we have EU banking health in
good conditions and their only worry is about the result of the war (if Russia wins). As for banking, a Ukraine with expectations of joining EU, and its reconstruction will result in massive investments, a big opportunity.
So, IMO, we can't link the Ukraine war with CS crisis or EU banking health.
You said:
In Europe, there is an electricity problem in industry and residences, there is a production problem, inflation is increasing.
There is a problem with that, but mainly in Germany, it turns out that they had enough warnings since 2014, but they stuburnly kept their plans, as Credit Suisse bad bets, Germany did a bad bet. Although they stopped their plans for disconnecting their NPPs from the grid and the new
finished LNG terminal is set to start operations in January. We have crossed several red lines, and the German plans from months is to increase the help to Ukraine despite Orban will.
So EU approved
18 Billion euros for 2023 to financially support Ukraine.
Right now, what's on the german administration desks is the posibility of
sending Leopard tanks, after delivering soon
18 howitzers more.
Let's put an eye on inflation and energy prices:
Regarding US inflation, they are almost at
prewar levels:
If we speak for example about my country, with a socialist-comunist goverment... we have even better numbers now:
It's clear that inflation is falling on US and EU countries. Even
Germany, the most exposed country, already reached the peak of the inflation.
So that claim It's far from true, that's why I've asked for sources.
If we take a look to
Gas and Oil prices, we can expect even lower inflation rates, as we might now they are one of the most crucial factors for inflation, Gas:
Oil:
With Ural oil falling under 60$ price cap from West.
We can see also the tendency of end-consumer diesel prices in
EU countries. All data I'm seeing suggests the "hard part" of the war for EU-US citizens was in late summer, almost everything now is reaching pre-war levels, so IMO, expectations in west support democracies are to continuing with the war.