Open Risk on Nostr: I would not celebrate prematurely. This drastic repositioning of the US economy will ...

I would not celebrate prematurely. This drastic repositioning of the US economy will unleash enormous shocks around the world before (if) things stabilise into a new normal many years from now. Europe and the EU will have to survive growing social discontent if recession, trade wars and risk aversion create unemployment, inflation, and constrained public finances. If there is a path to safety at all, it will require extremely capable leadership to traverse.🙏