Sure, but keep in mind that it is only a small minority of companies for which the price of natural gas is THE key cost factor. I'm no expert on this stuff, but from my layman perspective, I'd guess that Germany's economy can cope in the long run if gas prices come down to around $70.



Germany's €200b package has no impact on the market price of natural gas, it supports businesses and private customers so that they can cope with the high prices for a couple of months. It's supposed to stabilize our economy and prevent disgruntled citizens from taking to the streets. It's effectively a bet by our government that things will settle down and turn out alright after a tumultuous winter.

The poorer European countries are pissed off because they can't afford a similar package and would have preferred to see a Europe-wide rescue package which gives every country the same amount of support (per capita or per GDP), which would amount to a transfer from the EU's net spenders to its net recipients. They are basically pissed off that Germany (for once!) decided to spend its money on its own economy and people.

It's the same crowd that screams that they are freezing to death when its 60 degrees outside and people are walking around in t-shirts lol

Wouldn't surprise me. Pundits had been predicting for over a year that China would ease up on zero covid after the national congress of the CCP.

Ah I got it.

Ok this is what happened today. I am sure you know what PCR test are.
There are multiple companies in China "making money" of PCR test.

And LO and Behold, some of these directors and managers are being rounded up for the past couple of days.
The government is now saying they are producing fake PCR test to keep the COVID going.

They are making as much as 2M CNY per day.
So the CCP is now investigating if these companies are inflating those numbers to keep the Covid situation going so they can continue to profit off it , since zero covid policy have the full support of the government.

Judging by this issue, i am certain China is going to open up very soon.
I personally think the CCP is making a scape goat out of these companies.

Yes, they're definitely setting them up as scape goats. Seems like the CCP will officially stick by its zero covid policies to save face, but these policies won't get triggered if there are no more positive tests, and there will be no positives if people aren't tested anymore. They're basically going full Trump: "if we just stopped testing, there would be no pandemic".

Yes this is what is happening right now. They are going full trump, but this will take a month or so. The government cannot be wrong, only those greedy companies. But then again these companies will be fined "x" amount, some people will go to jail for a few months. And after that they will be let off and possibly most of 20 to 30% of the money they make is already in Hong Kong. . So they can punished and they " semi retire " in HK or somewhere else .

Personally I'd still prefer to live in a European country in recession than In Russia, period.

Europe is a wonderful place in every sense. The only problem is , it doesn't seem to have a bright future neither do Russia at the moment.

This post was edited by Hamsterbaby on Nov 15 2022 11:21am