This pretty much sums it up, in addition: what we're seeing now is the harvest of European industry. No more cheap Russian gas at the ready means no more industry for Europe. Many industrial and tech companies across the euro zone, but especially from Germany, are now relocating to the US for the sake of cheaper energy. I should say that a lot are just closing down rather than relocating, but my post is meant to convey that those companies still afloat that can relocate are choosing that opportunity.
It also opens the market up for US companies to step in where they can and make nice fire sale purchases.
In the end, the Ukraine war ramifications will include the deindustrialization of western Europe.
Can't say I feel sorry for the most racist and violent subcontinent on the planet 🤷🏾♀️
This pretty much sums it up, in addition: what we're seeing now is the harvest of European industry. No more cheap Russian gas at the ready means no more industry for Europe. Many industrial and tech companies across the euro zone, but especially from Germany, are now relocating to the US for the sake of cheaper energy. I should say that a lot are just closing down rather than relocating, but my post is meant to convey that those companies still afloat that can relocate are choosing that opportunity.
It also opens the market up for US companies to step in where they can and make nice fire sale purchases.
In the end, the Ukraine war ramifications will include the deindustrialization of western Europe.
Can't say I feel sorry for the most racist and violent subcontinent on the planet 🤷🏾♀️